Charles Levingston Purchases 271 Shares of Eagle Bancorp, Inc. (EGBN) Stock
Eagle Bancorp, Inc. (NASDAQ:EGBN) CFO Charles Levingston purchased 271 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was acquired at an average price of $55.18 per share, for a total transaction of $14,953.78. Following the completion of the purchase, the chief financial officer now owns 2,561 shares of the company’s stock, valued at $141,315.98. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of Eagle Bancorp, Inc. (NASDAQ EGBN) opened at $56.90 on Wednesday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $1,951.56, a price-to-earnings ratio of 17.84 and a beta of 0.87. Eagle Bancorp, Inc. has a 12-month low of $46.20 and a 12-month high of $69.80.
Eagle Bancorp (NASDAQ:EGBN) last posted its earnings results on Wednesday, October 18th. The financial services provider reported $0.87 EPS for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.05. The company had revenue of $71.94 million for the quarter, compared to the consensus estimate of $72.66 million. Eagle Bancorp had a return on equity of 12.37% and a net margin of 32.40%. Eagle Bancorp’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.72 earnings per share. equities analysts predict that Eagle Bancorp, Inc. will post 3.34 EPS for the current year.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Eagle Bancorp by 5.4% during the second quarter. Vanguard Group Inc. now owns 2,523,941 shares of the financial services provider’s stock worth $159,766,000 after purchasing an additional 129,146 shares in the last quarter. Wasatch Advisors Inc. lifted its position in shares of Eagle Bancorp by 1.5% in the third quarter. Wasatch Advisors Inc. now owns 2,185,154 shares of the financial services provider’s stock valued at $146,515,000 after acquiring an additional 31,414 shares in the last quarter. BlackRock Inc. lifted its position in shares of Eagle Bancorp by 5.3% in the second quarter. BlackRock Inc. now owns 2,061,719 shares of the financial services provider’s stock valued at $130,506,000 after acquiring an additional 103,343 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Eagle Bancorp by 5.0% in the third quarter. Victory Capital Management Inc. now owns 1,386,541 shares of the financial services provider’s stock valued at $92,968,000 after acquiring an additional 66,279 shares in the last quarter. Finally, Jennison Associates LLC lifted its position in shares of Eagle Bancorp by 23.7% in the third quarter. Jennison Associates LLC now owns 1,291,987 shares of the financial services provider’s stock valued at $86,628,000 after acquiring an additional 247,254 shares in the last quarter. Institutional investors own 68.32% of the company’s stock.
A number of analysts recently weighed in on the company. Keefe, Bruyette & Woods restated a “hold” rating and issued a $64.00 price target on shares of Eagle Bancorp in a research note on Tuesday, October 3rd. Zacks Investment Research upgraded Eagle Bancorp from a “hold” rating to a “buy” rating and set a $76.00 price target on the stock in a research note on Friday, October 20th. Finally, Boenning Scattergood restated a “buy” rating on shares of Eagle Bancorp in a research note on Thursday, October 19th. One 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. Eagle Bancorp presently has a consensus rating of “Buy” and an average target price of $68.50.
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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