News articles about Eagle Bancorp (NASDAQ:EGBN) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Eagle Bancorp earned a daily sentiment score of 0.09 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 45.0456125743277 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Several equities research analysts recently commented on EGBN shares. Zacks Investment Research upgraded shares of Eagle Bancorp from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a research note on Tuesday, August 22nd. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $64.00 price target on shares of Eagle Bancorp in a research note on Tuesday, October 3rd. Finally, BidaskClub lowered shares of Eagle Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $67.50.
Eagle Bancorp (NASDAQ:EGBN) opened at 68.85 on Wednesday. The firm has a 50-day moving average of $63.97 and a 200-day moving average of $61.51. Eagle Bancorp has a 1-year low of $47.20 and a 1-year high of $68.85. The firm has a market capitalization of $2.35 billion, a price-to-earnings ratio of 22.43 and a beta of 0.74.
Eagle Bancorp (NASDAQ:EGBN) last posted its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.04. Eagle Bancorp had a net margin of 31.79% and a return on equity of 12.17%. The company had revenue of $76.72 million for the quarter, compared to the consensus estimate of $75.41 million. During the same period last year, the firm posted $0.71 EPS. On average, analysts expect that Eagle Bancorp will post $3.27 earnings per share for the current year.
In related news, CEO Ronald D. Paul sold 706 shares of the stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $64.12, for a total value of $45,268.72. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Leslie M. Alperstein sold 4,212 shares of the stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $67.38, for a total transaction of $283,804.56. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 139,209 shares of company stock worth $8,919,987. Insiders own 8.39% of the company’s stock.
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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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