Eagle Bancorp (NASDAQ:EGBN) Stock: Insider Trevor Montano Sells 3,000 Shares

Eagle Bancorp, Inc. (NASDAQ:EGBN) Director Trevor Montano sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 10th. The stock was sold at an average price of $33.98, for a total transaction of $101,940.00. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Eagle Bancorp Stock Up 0.2%

Shares of NASDAQ:EGBN traded up $0.06 during midday trading on Friday, reaching $34.44. The company had a trading volume of 464,170 shares, compared to its average volume of 511,598. The stock’s fifty day moving average price is $30.03 and its 200-day moving average price is $27.56. The stock has a market capitalization of $1.05 billion, a P/E ratio of 19.68 and a beta of 0.97. Eagle Bancorp, Inc. has a one year low of $15.58 and a one year high of $35.05. 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 (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, beating analysts’ consensus estimates of $0.34 by $0.45. Eagle Bancorp had a net margin of 9.30% and a return on equity of 4.66%. The business had revenue of $70.87 million for the quarter, compared to analyst estimates of $71.78 million. Equities research analysts expect that Eagle Bancorp, Inc. will post 1.99 earnings per share for the current fiscal year.

Eagle Bancorp Dividend Announcement

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

Eagle Bancorp News Summary

Here’s some of the latest news about EGBN:

• Positive Sentiment: Zacks upgraded Eagle Bancorp to Rank #2 (Buy), citing improved earnings prospects; a separate Zacks piece highlighted the stock’s momentum appeal. Zacks rating upgrade Zacks momentum article
• Positive Sentiment: CEO Stephen Russell Curley bought 4,393 shares for about $150,000, increasing his stake by 8.74%. Insider purchases can signal management confidence. CEO purchase report
• Positive Sentiment: A recent report said credit costs eased in the third quarter, a potentially favorable development for the bank’s profitability and credit outlook. Report on easing credit costs

Analysts Set New Price Targets

A number of research analysts have commented on the company. Zacks Research raised Eagle Bancorp from a “strong sell” rating to a “hold” rating in a report on Thursday, August 27th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Eagle Bancorp in a report on Wednesday, September 2nd. Finally, Hovde Group assumed coverage on Eagle Bancorp in a research report on Wednesday, October 7th. They set an “outperform” rating and a $37.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $31.00.

Institutional Investors Weigh In On Eagle Bancorp

A number of institutional investors have recently modified their holdings of the business. Cassaday & Co Wealth Management LLC bought a new position in Eagle Bancorp in the first quarter worth about $37,000. Parallel Advisors LLC boosted its stake in Eagle Bancorp by 502.7% in the third quarter. Parallel Advisors LLC now owns 1,326 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 1,106 shares during the period. Public Employees Retirement System of Ohio bought a new position in shares of Eagle Bancorp during the second quarter valued at approximately $39,000. Fortitude Family Office LLC grew its holdings in shares of Eagle Bancorp by 2,280.6% during the third quarter. Fortitude Family Office LLC now owns 1,714 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 1,642 shares during the last quarter. Finally, Integrated Wealth Concepts LLC bought a new position in shares of Eagle Bancorp during the second quarter valued at approximately $62,000. Institutional investors own 78.03% of the company’s stock.

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.