Eagle Bancorp, Inc. (EGBN) CFO Charles Levingston Buys 271 Shares

Eagle Bancorp, Inc. (NASDAQ:EGBN) CFO Charles Levingston acquired 271 shares of the business’s stock in a transaction on Monday, December 4th. The stock was acquired at an average cost of $55.18 per share, for a total transaction of $14,953.78. Following the transaction, the chief financial officer now owns 2,561 shares of the company’s stock, valued at approximately $141,315.98. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of Eagle Bancorp, Inc. (EGBN) opened at $57.10 on Tuesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.05 and a current ratio of 1.05. Eagle Bancorp, Inc. has a one year low of $46.20 and a one year high of $69.80. The stock has a market capitalization of $1,707.19, a price-to-earnings ratio of 15.61 and a beta of 0.87.

Eagle Bancorp (NASDAQ:EGBN) last released its quarterly earnings data 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 company had revenue of $71.94 million for the quarter, compared to analyst estimates of $72.66 million. During the same period in the previous year, the company posted $0.72 EPS. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. research analysts anticipate that Eagle Bancorp, Inc. will post 3.33 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Eagle Bancorp by 158.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,896 shares of the financial services provider’s stock valued at $120,000 after purchasing an additional 1,162 shares during the period. Oppenheimer Asset Management Inc. grew its position in Eagle Bancorp by 38.6% during the second quarter. Oppenheimer Asset Management Inc. now owns 2,874 shares of the financial services provider’s stock worth $182,000 after buying an additional 800 shares in the last quarter. D.A. Davidson & CO. grew its position in Eagle Bancorp by 49.9% during the second quarter. D.A. Davidson & CO. now owns 3,537 shares of the financial services provider’s stock worth $223,000 after buying an additional 1,177 shares in the last quarter. Zions Bancorporation purchased a new position in Eagle Bancorp during the third quarter worth about $231,000. Finally, Amalgamated Bank grew its position in Eagle Bancorp by 7.5% during the second quarter. Amalgamated Bank now owns 4,052 shares of the financial services provider’s stock worth $256,000 after buying an additional 283 shares in the last quarter. Institutional investors own 68.32% of the company’s stock.

Several analysts have issued reports on EGBN shares. Zacks Investment Research upgraded Eagle Bancorp from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a research note on Tuesday, August 22nd. Keefe, Bruyette & Woods restated a “hold” rating and issued a $64.00 target price on shares of Eagle Bancorp in a research note on Tuesday, October 3rd. Finally, Boenning Scattergood restated 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 issued a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $68.50.

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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.

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