Key Points
- Director Trevor Montano sold 3,000 Eagle Bancorp shares at an average price of $33.98, for proceeds of $101,940.
- Eagle Bancorp reported quarterly EPS of $0.79, beating the $0.34 consensus estimate; revenue of $70.87 million was slightly below expectations of $71.78 million.
- The stock traded at $34.44, while analysts’ consensus rating was Hold with a $31.00 average price target. The company also announced a quarterly dividend of $0.01 per share.
Eagle Bancorp, Inc. (NASDAQ:EGBN - Get Free Report) Director Trevor Montano sold 3,000 shares of the stock in a transaction that occurred on Tuesday, November 10th. The stock was sold at an average price of $33.98, for a total transaction of $101,940.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Eagle Bancorp Trading Up 0.2%
NASDAQ EGBN traded up $0.06 during mid-day trading on Friday, hitting $34.44. The company's stock had a trading volume of 464,170 shares, compared to its average volume of 511,598. The firm has a market capitalization of $1.05 billion, a P/E ratio of 19.68 and a beta of 0.97. 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, Inc. has a 52-week low of $15.58 and a 52-week high of $35.05. The stock's fifty day simple moving average is $30.03 and its two-hundred day simple moving average is $27.56.
Eagle Bancorp (NASDAQ:EGBN - Get Free Report) last released its quarterly earnings data on Wednesday, October 21st. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.45. Eagle Bancorp had a net margin of 9.30% and a return on equity of 4.66%. The company had revenue of $70.87 million during the quarter, compared to the consensus estimate of $71.78 million. Research analysts expect that Eagle Bancorp, Inc. will post 1.99 EPS for the current year.
Eagle Bancorp Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 17th. Stockholders of record on Friday, November 6th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Friday, November 6th. Eagle Bancorp's dividend payout ratio (DPR) is currently 2.29%.
Analyst Ratings Changes
A number of analysts recently weighed in on EGBN shares. 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 price target for the company. Zacks Research raised Eagle Bancorp from a "strong sell" rating to a "hold" rating in a research report on Thursday, August 27th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Eagle Bancorp in a research report on Wednesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $31.00.
Check Out Our Latest Report on Eagle Bancorp
More Eagle Bancorp News
These are some of the EGBN news items that stood out recently:
- Positive Sentiment: CEO Stephen Russell Curley bought 4,393 shares for about $150,000, increasing his stake by 8.74%. Insider purchases can signal management confidence. CEO purchase report
- Neutral Sentiment: Two directors sold a combined 11,000 shares. These sales may temper the positive insider-buying signal, though the reports provide no explanation for the transactions. Montano SEC filing Laplaca SEC filing
- Neutral Sentiment: The latest reported quarter beat EPS expectations ($0.79 versus $0.34), but revenue came in slightly below estimates ($70.87 million versus $71.78 million), leaving a mixed operating signal.
Hedge Funds Weigh In On Eagle Bancorp
A number of institutional investors and hedge funds have recently bought and sold shares of EGBN. Stone Point Capital LLC acquired a new stake in Eagle Bancorp in the second quarter valued at approximately $21,660,548,000. Wellington Management Group LLP raised its stake in shares of Eagle Bancorp by 5.9% during the second quarter. Wellington Management Group LLP now owns 1,233,336 shares of the financial services provider's stock valued at $35,014,000 after purchasing an additional 68,314 shares during the period. Quantinno Capital Management LP lifted its position in shares of Eagle Bancorp by 15.2% during the first quarter. Quantinno Capital Management LP now owns 187,900 shares of the financial services provider's stock worth $4,673,000 after purchasing an additional 24,842 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Eagle Bancorp during the second quarter worth $4,678,000. Finally, Principal Financial Group Inc. boosted its stake in shares of Eagle Bancorp by 2.1% in the first quarter. Principal Financial Group Inc. now owns 134,598 shares of the financial services provider's stock valued at $3,347,000 after purchasing an additional 2,776 shares during the period. Hedge funds and other institutional investors own 78.03% of the company's stock.
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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