Eagle Bancorp (NASDAQ:EGBN) Director Trevor Montano Sells 3,000 Shares of Company Stock

Key Points

• Director Trevor Montano sold 3,000 Eagle Bancorp shares at an average price of $33.98, for proceeds of $101,940; the sale was disclosed in an SEC filing.
• Eagle Bancorp reported quarterly earnings of $0.79 per share, beating the $0.34 consensus estimate, while revenue of $70.87 million fell short of expectations.
• Analysts’ consensus rating is Hold, with a $31 average price target. The company also announced a quarterly dividend of $0.01 per share.

Eagle Bancorp, Inc. (NASDAQ:EGBN - Get Free Report) Director Trevor Montano sold 3,000 shares of the firm's stock in a transaction dated Tuesday, November 10th. The shares were sold at an average price of $33.98, for a total value of $101,940.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Eagle Bancorp Trading Up 0.0%

NASDAQ:EGBN traded up $0.01 on Friday, hitting $34.39. 122,154 shares of the stock were exchanged, compared to its average volume of 330,712. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.87 and a current ratio of 0.87. Eagle Bancorp, Inc. has a 52 week low of $15.58 and a 52 week high of $35.05. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 19.65 and a beta of 0.97. The company's 50-day moving average price is $29.90 and its 200 day moving average price is $27.52.

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

Eagle Bancorp Announces Dividend

The firm 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 $0.01 dividend. The ex-dividend date of this dividend is Friday, November 6th. This represents a $0.04 dividend on an annualized basis and a yield of 0.1%. Eagle Bancorp's dividend payout ratio (DPR) is presently 2.29%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Parallel Advisors LLC increased 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 purchasing an additional 1,106 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Eagle Bancorp during the second quarter worth $39,000. Cassaday & Co Wealth Management LLC acquired a new position in shares of Eagle Bancorp in the 1st quarter valued at $37,000. Fortitude Family Office LLC grew its holdings in shares of Eagle Bancorp by 2,280.6% in the 3rd quarter. Fortitude Family Office LLC now owns 1,714 shares of the financial services provider's stock valued at $48,000 after buying an additional 1,642 shares during the period. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of Eagle Bancorp in the 2nd quarter valued at $62,000. Institutional investors own 78.03% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Zacks Research upgraded shares of Eagle Bancorp from a "strong sell" rating to a "hold" rating in a research report on Thursday, August 27th. Weiss Ratings restated a "sell (d-)" rating on shares of Eagle Bancorp in a research report on Wednesday, September 2nd. Finally, Hovde Group assumed coverage on Eagle Bancorp in a research note on Wednesday, October 7th. They set an "outperform" rating and a $37.00 price objective for the company. 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 given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $31.00.

Eagle Bancorp Company Profile

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.

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