Eagle Bancorp (EGBN) Earning Somewhat Favorable Press Coverage, Accern Reports

Headlines about Eagle Bancorp (NASDAQ:EGBN) have been trending somewhat positive on Sunday, Accern reports. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Eagle Bancorp earned a news sentiment score of 0.02 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 43.093979110002 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the media stories that may have effected Accern’s analysis:

Shares of Eagle Bancorp (NASDAQ EGBN) opened at $56.10 on Friday. Eagle Bancorp has a 1 year low of $46.20 and a 1 year high of $69.80. The stock has a market cap of $1,929.35, a P/E ratio of 17.64 and a beta of 0.87. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.05 and a current ratio of 1.05.

Eagle Bancorp (NASDAQ:EGBN) last announced its earnings results on Wednesday, October 18th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.05. Eagle Bancorp had a net margin of 32.40% and a return on equity of 12.37%. The firm had revenue of $71.94 million for the quarter, compared to analyst estimates of $72.66 million. During the same quarter last year, the business earned $0.72 earnings per share. Eagle Bancorp’s revenue was up 11.1% compared to the same quarter last year. analysts forecast that Eagle Bancorp will post 3.34 EPS for the current year.

A number of analysts recently issued reports on EGBN shares. Keefe, Bruyette & Woods restated a “neutral” rating on shares of Eagle Bancorp in a research report on Friday, October 20th. Zacks Investment Research lowered shares of Eagle Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, September 18th. Finally, Boenning Scattergood restated a “buy” rating on shares of Eagle Bancorp in a research report on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $68.50.

In other Eagle Bancorp news, CEO Ronald D. Paul sold 16,665 shares of the stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $63.41, for a total transaction of $1,056,727.65. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Dudley C. Dworken sold 2,000 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $67.00, for a total transaction of $134,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 152,553 shares of company stock worth $9,932,774. 8.39% of the stock is owned by company insiders.

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About Eagle Bancorp

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.

Insider Buying and Selling by Quarter for Eagle Bancorp (NASDAQ:EGBN)

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