Eagle Bancorp (NASDAQ:EGBN) Stock: Insider Theresa Laplaca Sells 8,000 Shares

Eagle Bancorp, Inc. (NASDAQ:EGBN) Director Theresa Laplaca sold 8,000 shares of the company’s stock in a transaction on Monday, November 9th. The stock was sold at an average price of $34.38, for a total transaction of $275,040.00. Following the transaction, the director owned 38,798 shares of the company’s stock, valued at $1,333,875.24. This trade represents a 17.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Eagle Bancorp Price Performance

Shares of NASDAQ EGBN traded down $0.03 during mid-day trading on Thursday, hitting $34.27. 195,198 shares of the stock traded hands, compared to its average volume of 330,682. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.87 and a quick ratio of 0.87. Eagle Bancorp, Inc. has a twelve month low of $15.58 and a twelve month high of $35.05. The company has a market cap of $1.04 billion, a PE ratio of 19.61 and a beta of 0.97. The firm has a 50 day simple moving average of $29.76 and a two-hundred day simple moving average of $27.48.

Eagle Bancorp (NASDAQ:EGBN) last issued its earnings results on Wednesday, October 21st. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.45. Eagle Bancorp had a return on equity of 4.66% and a net margin of 9.30%. The business had revenue of $70.87 million during the quarter, compared to analysts’ expectations of $71.78 million. As a group, equities research analysts forecast that Eagle Bancorp, Inc. will post 1.84 EPS for the current fiscal year.

Eagle Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 17th. Stockholders of record on Friday, November 6th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Friday, November 6th. Eagle Bancorp’s dividend payout ratio (DPR) is presently 2.29%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Zacks Research upgraded Eagle Bancorp from a “strong sell” rating to a “hold” rating in a report on Thursday, August 27th. Hovde Group assumed coverage on shares of Eagle Bancorp in a report on Wednesday, October 7th. They issued an “outperform” rating and a $37.00 price objective for the company. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Eagle Bancorp in a research report on Wednesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $31.00.

Institutional Trading of Eagle Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Cassaday & Co Wealth Management LLC bought a new position in Eagle Bancorp during the 1st quarter worth $37,000. Parallel Advisors LLC raised its position in shares of Eagle Bancorp by 502.7% during the third quarter. Parallel Advisors LLC now owns 1,326 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 1,106 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Eagle Bancorp during the second quarter worth about $39,000. Fortitude Family Office LLC lifted its stake in shares of Eagle Bancorp by 2,280.6% in the third quarter. Fortitude Family Office LLC now owns 1,714 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 1,642 shares during the period. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of Eagle Bancorp in the second quarter worth approximately $62,000. 78.03% of the stock is currently owned by institutional investors and hedge funds.

About Eagle Bancorp

Eagle Bancorp, Inc. is the bank holding company for EagleBank, a community bank headquartered in Bethesda, Maryland. Founded in 1998, EagleBank serves businesses, organizations and individuals in the Washington, D.C., metropolitan area, including parts of Maryland and Northern Virginia. The company provides commercial and consumer banking services, including business and commercial real estate lending, deposit accounts, cash management and other treasury services. EagleBank also offers banking and lending products to individuals and nonprofit organizations.