Eagle Bancorp (NASDAQ:EGBN) was upgraded by stock analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a note issued to investors on Monday.
Several other analysts have also weighed in on the company. Zacks Investment Research lowered Eagle Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, September 7th. Boenning Scattergood reiterated a “buy” rating on shares of Eagle Bancorp in a research report on Thursday, October 19th. One equities research 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.
Shares of Eagle Bancorp (EGBN) opened at $56.90 on Monday. The firm has a market capitalization of $1,951.56, a PE ratio of 17.84 and a beta of 0.87. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.05 and a quick ratio of 1.05. Eagle Bancorp has a 12 month low of $46.20 and a 12 month high of $69.80.
In other Eagle Bancorp news, CEO Ronald D. Paul sold 3,140 shares of the stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $62.19, for a total value of $195,276.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Ronald D. Paul sold 15,000 shares of the stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $67.46, for a total value of $1,011,900.00. The disclosure for this sale can be found here. Insiders sold 152,553 shares of company stock valued at $9,932,774 over the last quarter. Corporate insiders own 8.39% of the company’s stock.
A number of institutional investors have recently bought and sold shares of EGBN. Wasatch Advisors Inc. raised its position in Eagle Bancorp by 19.4% in the second quarter. Wasatch Advisors Inc. now owns 2,153,740 shares of the financial services provider’s stock valued at $136,332,000 after purchasing an additional 350,204 shares during the last quarter. Jennison Associates LLC raised its position in shares of Eagle Bancorp by 23.7% during the third quarter. Jennison Associates LLC now owns 1,291,987 shares of the financial services provider’s stock worth $86,628,000 after acquiring an additional 247,254 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Eagle Bancorp by 5.4% during the second quarter. Vanguard Group Inc. now owns 2,523,941 shares of the financial services provider’s stock worth $159,766,000 after acquiring an additional 129,146 shares during the last quarter. BlackRock Inc. raised its position in shares of Eagle Bancorp by 5.3% during the second quarter. BlackRock Inc. now owns 2,061,719 shares of the financial services provider’s stock worth $130,506,000 after acquiring an additional 103,343 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Eagle Bancorp by 5.0% during the third quarter. Victory Capital Management Inc. now owns 1,386,541 shares of the financial services provider’s stock worth $92,968,000 after acquiring an additional 66,279 shares during the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.
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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