News stories about Eagle Bancorp (NASDAQ:EGBN) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Eagle Bancorp earned a media sentiment score of 0.03 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 44.406148915351 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
- Eagle Bancorp (EGBN) Rating Increased to Outperform at Keefe, Bruyette & Woods (americanbankingnews.com)
- Charles Levingston Purchases 271 Shares of Eagle Bancorp, Inc. (EGBN) Stock (americanbankingnews.com)
- EAGLE BANCORP INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates Eagle Bancorp, Inc. for Possible Securities Fraud – (EGBN) (markets.financialcontent.com)
- Glancy Prongay & Murray LLP Commences Investigation on Behalf of Eagle Bancorp, Inc. Investors (EGBN) (markets.financialcontent.com)
- SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Eagle Bancorp, Inc. (EGBN) (finance.yahoo.com)
Several analysts recently issued reports on EGBN shares. Keefe, Bruyette & Woods reiterated a “neutral” rating on shares of Eagle Bancorp in a report on Friday, October 20th. Zacks Investment Research lowered Eagle Bancorp from a “buy” rating to a “hold” rating in a report on Monday, September 18th. Finally, Boenning Scattergood reiterated a “buy” rating on shares of Eagle Bancorp in a report on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. Eagle Bancorp has an average rating of “Buy” and a consensus price target of $68.50.
Eagle Bancorp (NASDAQ:EGBN) last announced its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 period last year, the company earned $0.72 earnings per share. Eagle Bancorp’s quarterly revenue was up 11.1% compared to the same quarter last year. analysts predict that Eagle Bancorp will post 3.33 EPS for the current year.
In other Eagle Bancorp news, CEO Ronald D. Paul sold 800 shares of the firm’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $64.40, for a total transaction of $51,520.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Dudley C. Dworken sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $67.00, for a total value of $134,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 152,553 shares of company stock valued at $9,932,774. 8.39% of the stock is owned by corporate insiders.
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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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