Eagle Bancorp (NASDAQ:EGBN) Director Sells $493,318.47 in Stock

Eagle Bancorp, Inc. (NASDAQ:EGBN) Director A. Ludwig sold 14,669 shares of the business’s stock in a transaction on Friday, November 6th. The stock was sold at an average price of $33.63, for a total value of $493,318.47. Following the transaction, the director owned 40,359 shares in the company, valued at approximately $1,357,273.17. This trade represents a 26.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

A. Leslie Ludwig also recently made the following trade(s):

• On Friday, November 6th, A. Ludwig sold 2,000 shares of Eagle Bancorp stock. The shares were sold at an average price of $33.87, for a total value of $67,740.00.

Eagle Bancorp Trading Up 0.2%

Eagle Bancorp stock opened at $34.38 on Friday. The stock has a 50-day moving average of $29.90 and a two-hundred day moving average of $27.52. 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 one year low of $15.58 and a one year high of $35.05. The stock has a market cap of $1.05 billion, a PE ratio of 19.65 and a beta of 0.97.

Eagle Bancorp (NASDAQ:EGBN) last issued its quarterly earnings results on Wednesday, October 21st. The financial services provider reported $0.79 earnings per share 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 for the quarter, compared to analyst estimates of $71.78 million. On average, research analysts anticipate that Eagle Bancorp, Inc. will post 1.84 EPS for the current fiscal year.

Eagle Bancorp Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a yield of 0.1%. Eagle Bancorp’s dividend payout ratio (DPR) is 2.29%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on EGBN. Weiss Ratings restated a “sell (d-)” rating on shares of Eagle Bancorp in a research note on Wednesday, September 2nd. Zacks Research raised shares of Eagle Bancorp from a “strong sell” rating to a “hold” rating in a report on Thursday, August 27th. Finally, Hovde Group initiated coverage on shares of 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 analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $31.00.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Versant Capital Management Inc boosted its holdings in Eagle Bancorp by 16.2% in the second quarter. Versant Capital Management Inc now owns 3,545 shares of the financial services provider’s stock valued at $101,000 after purchasing an additional 493 shares during the last quarter. Hilton Head Capital Partners LLC grew its position in Eagle Bancorp by 3.3% during the 3rd quarter. Hilton Head Capital Partners LLC now owns 19,011 shares of the financial services provider’s stock worth $528,000 after purchasing an additional 599 shares during the period. Swiss National Bank grew its position in Eagle Bancorp by 1.9% during the 1st quarter. Swiss National Bank now owns 60,032 shares of the financial services provider’s stock worth $1,493,000 after purchasing an additional 1,100 shares during the period. Parallel Advisors LLC raised its stake in shares of Eagle Bancorp by 502.7% during the 3rd quarter. Parallel Advisors LLC now owns 1,326 shares of the financial services provider’s stock valued at $37,000 after buying an additional 1,106 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Eagle Bancorp during the 2nd quarter valued at about $39,000. Hedge funds and other institutional investors own 78.03% of the company’s stock.

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.