Eagle Bancorp, Inc. (NASDAQ:EGBN – Get Free Report) Director A. Ludwig sold 14,669 shares of the company’s stock in a transaction on Friday, November 6th. The stock was sold at an average price of $33.63, for a total transaction of $493,318.47. Following the sale, the director directly owned 40,359 shares of the company’s stock, valued at approximately $1,357,273.17. This trade represents a 26.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
A. Leslie Ludwig also recently made the following trade(s):
- On Friday, November 6th, A. Ludwig sold 2,000 shares of Eagle Bancorp stock. The shares were sold at an average price of $33.87, for a total value of $67,740.00.
Eagle Bancorp Trading Down 0.3%
NASDAQ:EGBN opened at $34.04 on Wednesday. The business’s 50-day moving average is $29.61 and its two-hundred day moving average is $27.44. The firm has a market capitalization of $1.04 billion, a PE ratio of 19.45 and a beta of 0.97. Eagle Bancorp, Inc. has a 12 month low of $15.58 and a 12 month high of $35.05. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.87 and a quick ratio of 0.87.
Eagle Bancorp (NASDAQ:EGBN – Get Free Report) last issued its earnings results on Wednesday, October 21st. The financial services provider reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.45. Eagle Bancorp had a return on equity of 4.66% and a net margin of 9.30%. The company had revenue of $70.87 million during the quarter, compared to the consensus estimate of $71.78 million. Research analysts predict that Eagle Bancorp, Inc. will post 1.84 earnings per share for the current fiscal year.
Eagle Bancorp Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 17th. Investors of record on Friday, November 6th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, November 6th. This represents a $0.04 annualized dividend and a yield of 0.1%. Eagle Bancorp’s payout ratio is 2.29%.
Analysts Set New Price Targets
Several analysts have issued reports on EGBN shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Eagle Bancorp in a research report on Wednesday, September 2nd. Zacks Research upgraded shares of Eagle Bancorp from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 27th. Finally, Hovde Group assumed coverage on shares of Eagle Bancorp in a research report on Wednesday, October 7th. They set an “outperform” rating and a $37.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Eagle Bancorp presently has an average rating of “Hold” and an average target price of $31.00.
Read Our Latest Research Report on EGBN
Institutional Trading of Eagle Bancorp
Several institutional investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC grew its holdings in Eagle Bancorp by 502.7% during the 3rd quarter. Parallel Advisors LLC now owns 1,326 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 1,106 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Eagle Bancorp in the 2nd quarter worth about $39,000. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Eagle Bancorp in the 1st quarter valued at about $37,000. Fortitude Family Office LLC raised its stake in shares of Eagle Bancorp by 2,280.6% in the 3rd quarter. Fortitude Family Office LLC now owns 1,714 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 1,642 shares in the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new stake in shares of Eagle Bancorp in the 2nd quarter valued at about $62,000. 78.03% of the stock is owned by institutional investors and hedge funds.
Eagle Bancorp Company Profile
Eagle Bancorp, Inc. is the bank holding company for EagleBank, a community bank headquartered in Bethesda, Maryland. Founded in 1998, EagleBank serves businesses, organizations and individuals in the Washington, D.C., metropolitan area, including parts of Maryland and Northern Virginia. The company provides commercial and consumer banking services, including business and commercial real estate lending, deposit accounts, cash management and other treasury services. EagleBank also offers banking and lending products to individuals and nonprofit organizations.
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