Eagle Bancorp, Inc. (NASDAQ:EGBN) EVP Janice L. Williams sold 10,000 shares of the stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $63.32, for a total transaction of $633,200.00. Following the completion of the sale, the executive vice president now owns 64,940 shares of the company’s stock, valued at approximately $4,112,000.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Shares of Eagle Bancorp, Inc. (NASDAQ EGBN) opened at 63.50 on Friday. The firm has a 50-day moving average of $62.30 and a 200-day moving average of $60.85. Eagle Bancorp, Inc. has a 12-month low of $47.20 and a 12-month high of $65.00. The firm has a market cap of $2.17 billion, a P/E ratio of 20.68 and a beta of 0.72.

Eagle Bancorp (NASDAQ:EGBN) last announced its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.04. Eagle Bancorp had a net margin of 31.79% and a return on equity of 12.17%. The company had revenue of $76.72 million for the quarter, compared to the consensus estimate of $75.41 million. During the same quarter in the prior year, the firm earned $0.71 earnings per share. On average, equities analysts forecast that Eagle Bancorp, Inc. will post $3.27 earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently made changes to their positions in the business. Wasatch Advisors Inc. lifted its holdings in shares of 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 in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Eagle Bancorp by 4.3% in the second quarter. Public Employees Retirement System of Ohio now owns 137,560 shares of the financial services provider’s stock valued at $8,708,000 after purchasing an additional 5,667 shares in the last quarter. Colony Group LLC lifted its holdings in shares of Eagle Bancorp by 2.9% in the second quarter. Colony Group LLC now owns 37,734 shares of the financial services provider’s stock valued at $2,389,000 after purchasing an additional 1,055 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Eagle Bancorp by 2.2% in the second quarter. The Manufacturers Life Insurance Company now owns 24,288 shares of the financial services provider’s stock valued at $1,537,000 after purchasing an additional 532 shares in the last quarter. Finally, C M Bidwell & Associates Ltd. lifted its holdings in shares of Eagle Bancorp by 58.0% in the second quarter. C M Bidwell & Associates Ltd. now owns 5,150 shares of the financial services provider’s stock valued at $326,000 after purchasing an additional 1,890 shares in the last quarter. 68.05% of the stock is currently owned by institutional investors.

A number of research firms have commented on EGBN. Zacks Investment Research downgraded shares of Eagle Bancorp from a “buy” rating to a “hold” rating in a report on Monday, September 18th. BidaskClub downgraded shares of Eagle Bancorp from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. Eagle Bancorp has an average rating of “Hold” and a consensus target price of $67.50.

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.

Insider Buying and Selling by Quarter for Eagle Bancorp (NASDAQ:EGBN)

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