Eagle Bancorp, Inc. (NASDAQ:EGBN) was the target of some unusual options trading activity on Friday. Stock traders bought 1,537 put options on the stock. This is an increase of 2,800% compared to the average daily volume of 53 put options.

Shares of Eagle Bancorp (NASDAQ:EGBN) opened at $56.90 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market cap of $1,707.19, a P/E ratio of 15.61 and a beta of 0.87. Eagle Bancorp has a 12-month low of $46.20 and a 12-month high of $69.80.

Eagle Bancorp (NASDAQ:EGBN) last issued its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.05. The business had revenue of $71.94 million during the quarter, compared to the consensus estimate of $72.66 million. Eagle Bancorp had a net margin of 32.40% and a return on equity of 12.37%. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.72 EPS. research analysts forecast that Eagle Bancorp will post 3.33 earnings per share for the current year.

In related news, Director Dudley C. Dworken sold 2,000 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $67.00, for a total transaction of $134,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ronald D. Paul sold 3,140 shares of the stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $62.19, for a total transaction of $195,276.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 152,553 shares of company stock valued at $9,932,774. Company insiders own 8.39% of the company’s stock.

Several large investors have recently modified their holdings of EGBN. AQR Capital Management LLC lifted its position in shares of Eagle Bancorp by 20.0% in the 1st quarter. AQR Capital Management LLC now owns 25,259 shares of the financial services provider’s stock valued at $1,508,000 after acquiring an additional 4,204 shares in the last quarter. Aperio Group LLC lifted its position in shares of Eagle Bancorp by 65.7% in the 2nd quarter. Aperio Group LLC now owns 8,339 shares of the financial services provider’s stock valued at $528,000 after acquiring an additional 3,305 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Eagle Bancorp by 2.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 22,720 shares of the financial services provider’s stock valued at $1,438,000 after acquiring an additional 627 shares in the last quarter. Sei Investments Co. lifted its position in shares of Eagle Bancorp by 16.0% in the 2nd quarter. Sei Investments Co. now owns 7,996 shares of the financial services provider’s stock valued at $506,000 after acquiring an additional 1,104 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in shares of Eagle Bancorp by 4.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 132,917 shares of the financial services provider’s stock valued at $8,414,000 after acquiring an additional 5,487 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

EGBN has been the subject of several recent research reports. Zacks Investment Research raised shares of Eagle Bancorp from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a research note on Tuesday, August 22nd. Keefe, Bruyette & Woods reissued a “neutral” rating on shares of Eagle Bancorp in a research note on Friday, October 20th. Finally, Boenning Scattergood reissued a “buy” rating on shares of Eagle Bancorp in a research note on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $68.50.

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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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