Eagle Bancorp (EGBN) Shares Down 24.5%

Eagle Bancorp, Inc. (NASDAQ:EGBN) fell 24.5% during trading on Monday . The stock traded as low as $46.20 and last traded at $49.95. 4,884,500 shares traded hands during trading, an increase of 3,548% from the average session volume of 133,911 shares. The stock had previously closed at $66.15.

A number of research firms have recently issued reports on EGBN. Keefe, Bruyette & Woods upgraded Eagle Bancorp from a “market perform” rating to an “outperform” rating in a research note on Monday. Zacks Investment Research upgraded Eagle Bancorp from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a research note on Tuesday, September 19th. Finally, Boenning Scattergood reiterated a “buy” rating on shares of Eagle Bancorp in a research note on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $68.50.

The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $1,707.19, a P/E ratio of 15.61 and a beta of 0.87.

Eagle Bancorp (NASDAQ:EGBN) last posted its earnings results on Wednesday, October 18th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.05. Eagle Bancorp had a return on equity of 12.37% and a net margin of 32.40%. The business had revenue of $71.94 million during the quarter, compared to analyst estimates of $72.66 million. During the same quarter last year, the firm earned $0.72 earnings per share. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. equities analysts predict that Eagle Bancorp, Inc. will post 3.33 earnings per share for the current year.

In other Eagle Bancorp news, EVP Janice L. Williams sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $63.32, for a total transaction of $633,200.00. Following the completion of the sale, the executive vice president now owns 64,940 shares in the company, valued at approximately $4,112,000.80. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Ronald D. Paul sold 800 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $64.40, for a total value of $51,520.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 152,553 shares of company stock valued at $9,932,774. 8.39% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Alps Advisors Inc. grew its stake in Eagle Bancorp by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 7,889 shares of the financial services provider’s stock valued at $499,000 after purchasing an additional 21 shares in the last quarter. Trillium Asset Management LLC lifted its holdings in Eagle Bancorp by 0.3% during the 2nd quarter. Trillium Asset Management LLC now owns 18,185 shares of the financial services provider’s stock worth $1,151,000 after buying an additional 48 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its holdings in Eagle Bancorp by 1.5% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 6,751 shares of the financial services provider’s stock worth $427,000 after buying an additional 100 shares during the last quarter. Amalgamated Bank lifted its holdings in Eagle Bancorp by 7.5% during the 2nd quarter. Amalgamated Bank now owns 4,052 shares of the financial services provider’s stock worth $256,000 after buying an additional 283 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in Eagle Bancorp by 1.0% during the 2nd quarter. Rhumbline Advisers now owns 36,428 shares of the financial services provider’s stock worth $2,306,000 after buying an additional 376 shares during the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Eagle Bancorp (EGBN) Shares Down 24.5%” was posted by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece of content on another site, it was stolen and reposted in violation of United States and international copyright & trademark law. The original version of this piece of content can be accessed at https://www.com-unik.info/2017/12/04/eagle-bancorp-egbn-shares-down-24-5.html.

Eagle Bancorp Company Profile

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.

What are top analysts saying about Eagle Bancorp Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Eagle Bancorp Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit