Eagle Bancorp, Inc. (EGBN) EVP Antonio F. Marquez Sells 2,200 Shares

Eagle Bancorp, Inc. (NASDAQ:EGBN) EVP Antonio F. Marquez sold 2,200 shares of the company’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $63.04, for a total transaction of $138,688.00. Following the transaction, the executive vice president now owns 20,273 shares in the company, valued at approximately $1,278,009.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Eagle Bancorp, Inc. (NASDAQ:EGBN) opened at 60.75 on Friday. The firm has a market cap of $2.08 billion, a P/E ratio of 19.79 and a beta of 0.70. Eagle Bancorp, Inc. has a one year low of $47.20 and a one year high of $65.00. The company has a 50-day moving average of $62.61 and a 200 day moving average of $60.81.

Eagle Bancorp (NASDAQ:EGBN) last released its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.81 EPS for the quarter, topping the consensus estimate of $0.77 by $0.04. The company had revenue of $76.72 million for the quarter, compared to analyst estimates of $75.41 million. Eagle Bancorp had a return on equity of 12.17% and a net margin of 31.79%. During the same quarter in the previous year, the company posted $0.71 earnings per share. Equities research analysts expect that Eagle Bancorp, Inc. will post $3.27 earnings per share for the current fiscal year.

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EGBN has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of Eagle Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, June 7th. BidaskClub downgraded shares of Eagle Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. FIG Partners upgraded shares of Eagle Bancorp from a “market perform” rating to an “outperform” rating and set a $66.00 price objective on the stock in a report on Monday, May 22nd. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $64.00 price objective on shares of Eagle Bancorp in a report on Friday, May 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $67.25.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EGBN. Norges Bank purchased a new position in Eagle Bancorp during the fourth quarter valued at approximately $14,529,000. Chevy Chase Trust Holdings Inc. raised its position in Eagle Bancorp by 26.7% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 119,802 shares of the financial services provider’s stock valued at $7,152,000 after buying an additional 25,267 shares during the period. Virginia Retirement Systems ET AL purchased a new position in Eagle Bancorp during the first quarter valued at approximately $531,000. Dimensional Fund Advisors LP raised its position in Eagle Bancorp by 4.3% in the first quarter. Dimensional Fund Advisors LP now owns 794,108 shares of the financial services provider’s stock valued at $47,409,000 after buying an additional 33,046 shares during the period. Finally, Teachers Advisors LLC raised its position in Eagle Bancorp by 11.2% in the fourth quarter. Teachers Advisors LLC now owns 57,057 shares of the financial services provider’s stock valued at $3,478,000 after buying an additional 5,737 shares during the period. 67.47% of the stock is currently owned by institutional investors.

About Eagle Bancorp

Eagle Bancorp, Inc is a bank holding company for EagleBank (the Bank). The Bank is the Company’s principal operating subsidiary. The Bank is a chartered commercial bank. As of December 31, 2016, the Bank operated 21 banking offices: seven in Montgomery County, Maryland; five located in the District of Columbia, and nine in Northern Virginia.

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