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

Key Points

• Director Theresa Laplaca sold 8,000 Eagle Bancorp shares at an average price of $34.38, totaling $275,040. After the sale, she directly owned 38,798 shares.
• Eagle Bancorp reported quarterly EPS of $0.79, beating the $0.34 analyst consensus, while revenue of $70.87 million fell short of expectations.
• Analysts’ consensus rating was Hold, with an average price target of $31.00.

Eagle Bancorp, Inc. (NASDAQ:EGBN - Get Free Report) Director Theresa Laplaca sold 8,000 shares of the business'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 completion of the sale, the director directly owned 38,798 shares in the company, valued at approximately $1,333,875.24. This represents a 17.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Eagle Bancorp Stock Performance

EGBN stock traded down $0.03 during trading hours on Thursday, reaching $34.27. The stock had a trading volume of 195,198 shares, compared to its average volume of 330,682. The stock has a 50-day simple moving average of $29.76 and a 200 day simple moving average of $27.48. The stock has a market capitalization of $1.04 billion, a PE ratio of 19.61 and a beta of 0.97. 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 fifty-two week low of $15.58 and a fifty-two week high of $35.05.

Eagle Bancorp (NASDAQ:EGBN - Get Free Report) last released its quarterly earnings data 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 return on equity of 4.66% and a net margin of 9.30%. The company had revenue of $70.87 million during the quarter, compared to analysts' expectations of $71.78 million. Analysts predict 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. Investors of record on Friday, November 6th will be paid a $0.01 dividend. The ex-dividend date is Friday, November 6th. This represents a $0.04 annualized dividend and a yield of 0.1%. Eagle Bancorp's payout ratio is 2.29%.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Eagle Bancorp

Large investors have recently bought and sold shares of the business. Voya Investment Management LLC raised its stake in Eagle Bancorp by 11.4% during the third quarter. Voya Investment Management LLC now owns 25,617 shares of the financial services provider's stock worth $712,000 after acquiring an additional 2,624 shares in the last quarter. Public Sector Pension Investment Board boosted its stake in shares of Eagle Bancorp by 20.0% in the 3rd quarter. Public Sector Pension Investment Board now owns 114,406 shares of the financial services provider's stock valued at $3,222,000 after purchasing an additional 19,045 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Eagle Bancorp by 288.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 56,195 shares of the financial services provider's stock valued at $1,562,000 after purchasing an additional 41,717 shares during the last quarter. Parallel Advisors LLC increased its position in Eagle Bancorp by 502.7% during the 3rd quarter. Parallel Advisors LLC now owns 1,326 shares of the financial services provider's stock worth $37,000 after purchasing an additional 1,106 shares in the last quarter. Finally, Hughes Financial Services LLC increased its position in Eagle Bancorp by 693,000.0% during the 3rd quarter. Hughes Financial Services LLC now owns 6,931 shares of the financial services provider's stock worth $193,000 after purchasing an additional 6,930 shares in the last quarter. 78.03% of the stock is owned by institutional investors and hedge funds.

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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