Zacks Investment Research downgraded shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) from a buy rating to a hold rating in a research report released on Monday.

According to Zacks, “EAGLE BANCORP is the holding company for EagleBank. The Bank is headquartered in Bethesda, Maryland, and conducts full service commercial banking services through nine offices, located in Montgomery County, Maryland and Washington, D.C. The Company focuses on building relationships with businesses, professionals and individuals in its marketplace. “

Several other analysts have also commented on the stock. BidaskClub lowered shares of Eagle Bancorp from a sell rating to a strong sell rating in a research report on Monday, July 31st. FIG Partners raised shares of Eagle Bancorp from a market perform rating to an outperform rating and set a $66.00 price target for the company in a research report on Monday, May 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The company has a consensus rating of Hold and an average target price of $66.50.

Shares of Eagle Bancorp (NASDAQ:EGBN) opened at 64.00 on Monday. Eagle Bancorp has a 1-year low of $47.20 and a 1-year high of $65.00. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of 20.85 and a beta of 0.72. The firm’s 50-day moving average is $62.27 and its 200-day moving average is $60.85.

Eagle Bancorp (NASDAQ:EGBN) last released its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.81 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.04. The business had revenue of $76.72 million during 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 in the prior year, the firm posted $0.71 earnings per share. Analysts forecast that Eagle Bancorp will post $3.27 earnings per share for the current fiscal year.

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In other news, EVP Antonio F. Marquez sold 2,200 shares of the company’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $63.04, for a total transaction of $138,688.00. Following the transaction, the executive vice president now owns 20,273 shares in the company, valued at $1,278,009.92. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Janice L. Williams sold 10,000 shares of the company’s stock in a transaction dated Friday, July 21st. The shares were sold at an average price of $63.17, for a total transaction of $631,700.00. Following the transaction, the executive vice president now owns 73,490 shares in the company, valued at approximately $4,642,363.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 67,557 shares of company stock worth $4,269,429. Corporate insiders own 8.39% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Prudential Financial Inc. increased its holdings in shares of Eagle Bancorp by 0.3% during the first quarter. Prudential Financial Inc. now owns 3,408 shares of the financial services provider’s stock valued at $203,000 after acquiring an additional 10 shares in the last quarter. Alps Advisors Inc. increased its holdings in shares of Eagle Bancorp by 0.3% during the second quarter. Alps Advisors Inc. now owns 7,889 shares of the financial services provider’s stock valued at $499,000 after acquiring an additional 21 shares in the last quarter. First National Bank of Hutchinson increased its holdings in shares of Eagle Bancorp by 0.3% during the second quarter. First National Bank of Hutchinson now owns 10,224 shares of the financial services provider’s stock valued at $649,000 after acquiring an additional 32 shares in the last quarter. Trillium Asset Management LLC increased its holdings in shares of Eagle Bancorp by 0.3% during the second quarter. Trillium Asset Management LLC now owns 18,185 shares of the financial services provider’s stock valued at $1,151,000 after acquiring an additional 48 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. increased its holdings in shares of Eagle Bancorp by 1.5% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 6,751 shares of the financial services provider’s stock valued at $427,000 after acquiring an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 68.05% 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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