Key Points
- CEO Stephen Russell Curley bought 4,393 shares at an average of $34.05, spending about $149,582 and increasing his stake by 8.74%.
- Eagle Bancorp reported quarterly earnings of $0.79 per share, beating the $0.34 consensus estimate, while revenue of $70.87 million fell short of expectations.
- Analyst sentiment is mixed, with MarketBeat reporting an average Hold rating and a $31 price target; the shares opened at $34.38.
Eagle Bancorp, Inc. (NASDAQ:EGBN - Get Free Report) CEO Stephen Russell Curley bought 4,393 shares of Eagle Bancorp stock in a transaction dated Tuesday, November 10th. The shares were acquired at an average price of $34.05 per share, with a total value of $149,581.65. Following the completion of the purchase, the chief executive officer directly owned 54,682 shares in the company, valued at $1,861,922.10. This trade represents a 8.74% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Eagle Bancorp Stock Performance
Shares of NASDAQ EGBN opened at $34.38 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $1.05 billion, a P/E ratio of 19.65 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 stock has a 50 day moving average of $29.90 and a 200-day moving average of $27.52.
Eagle Bancorp (NASDAQ:EGBN - Get Free Report) last posted its quarterly earnings results on Wednesday, October 21st. The financial services provider reported $0.79 earnings per share for the quarter, beating analysts' consensus estimates of $0.34 by $0.45. Eagle Bancorp had a return on equity of 4.66% and a net margin of 9.30%. The business had revenue of $70.87 million for the quarter, compared to analysts' expectations of $71.78 million. As a group, equities research analysts predict that Eagle Bancorp, Inc. will post 1.84 EPS for the current year.
Eagle Bancorp Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 17th. Shareholders of record on Friday, November 6th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Friday, November 6th. Eagle Bancorp's payout ratio is 2.29%.
Hedge Funds Weigh In On Eagle Bancorp
A number of large investors have recently made changes to their positions in the company. Versant Capital Management Inc lifted its holdings in Eagle Bancorp by 16.2% during the 2nd quarter. Versant Capital Management Inc now owns 3,545 shares of the financial services provider's stock worth $101,000 after purchasing an additional 493 shares during the last quarter. Hilton Head Capital Partners LLC boosted its stake in Eagle Bancorp by 3.3% in the 3rd quarter. Hilton Head Capital Partners LLC now owns 19,011 shares of the financial services provider's stock valued at $528,000 after purchasing an additional 599 shares during the period. Swiss National Bank boosted its stake in Eagle Bancorp by 1.9% in the 1st quarter. Swiss National Bank now owns 60,032 shares of the financial services provider's stock valued at $1,493,000 after purchasing an additional 1,100 shares during the period. Parallel Advisors LLC boosted its stake in Eagle Bancorp by 502.7% in the 3rd quarter. Parallel Advisors LLC now owns 1,326 shares of the financial services provider's stock valued at $37,000 after purchasing an additional 1,106 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new position in Eagle Bancorp in the 2nd quarter valued at $39,000. Institutional investors own 78.03% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on the stock. Zacks Research upgraded shares of Eagle Bancorp from a "strong sell" rating to a "hold" rating in a report on Thursday, August 27th. Weiss Ratings restated a "sell (d-)" rating on shares of Eagle Bancorp in a research note on Wednesday, September 2nd. Finally, Hovde Group initiated coverage on shares of Eagle Bancorp in a research note on Wednesday, October 7th. They set an "outperform" rating and a $37.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $31.00.
Check Out Our Latest Analysis on EGBN
Eagle Bancorp Company Profile
(
Get Free Report)
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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