Eagle Bancorp (NASDAQ:EGBN) Earning Somewhat Favorable Press Coverage, Accern Reports
Media stories about Eagle Bancorp (NASDAQ:EGBN) have trended somewhat positive on Saturday, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Eagle Bancorp earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 46.3208669680948 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- Eagle Bancorp, Inc. (NASDAQ:EGBN) Expected to Post Quarterly Sales of $80.18 Million (americanbankingnews.com)
- Eagle Bancorp, Inc. (Maryland) breached its 50 day moving average in a Bearish Manner : EGBN-US : August 11, 2017 (finance.yahoo.com)
- Eagle Bancorp Inc (finance.yahoo.com)
- IHS Markit Score downgrades Eagle Bancorp Inc to 62 out of 100, ranking positively in two out of three available IHS Markit categories. (finance.yahoo.com)
Shares of Eagle Bancorp (NASDAQ:EGBN) traded down 0.97% during mid-day trading on Friday, reaching $61.50. 170,948 shares of the company’s stock traded hands. Eagle Bancorp has a 52 week low of $47.20 and a 52 week high of $65.00. The company’s 50 day moving average is $62.67 and its 200-day moving average is $60.79. The firm has a market cap of $2.10 billion, a price-to-earnings ratio of 20.03 and a beta of 0.70.
Eagle Bancorp (NASDAQ:EGBN) last posted its earnings results on Wednesday, July 19th. The financial services provider reported $0.81 earnings per share for the quarter, topping the Thomson Reuters’ 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 net margin of 31.79% and a return on equity of 12.17%. During the same period last year, the business posted $0.71 earnings per share. Equities analysts expect that Eagle Bancorp will post $3.27 earnings per share for the current fiscal year.
Several analysts have issued reports on the stock. BidaskClub downgraded shares of Eagle Bancorp from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Zacks Investment Research raised shares of Eagle Bancorp from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a research note on Tuesday, July 25th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $64.00 target price on shares of Eagle Bancorp in a research note on Friday, May 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $67.25.
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In other Eagle Bancorp news, CEO Ronald D. Paul sold 706 shares of the stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $64.12, for a total value of $45,268.72. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Ronald D. Paul sold 7,791 shares of the stock in a transaction on Thursday, June 29th. The stock was sold at an average price of $63.50, for a total transaction of $494,728.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,924 shares of company stock worth $2,074,098. Company insiders own 8.39% of the company’s stock.
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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