The Eagle Bancorp Inc. (EGBN) Set to Announce Quarterly Earnings on Wednesday

The Eagle Bancorp Inc. (EGBN) Set to Announce Quarterly Earnings on Wednesday

Eagle Bancorp Inc. (NASDAQ:EGBN) is scheduled to issue its Q316 quarterly earnings data on Wednesday, October 19th.

Eagle Bancorp Inc. (NASDAQ:EGBN) opened at 48.49 on Tuesday. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 18.17 and a beta of 0.83. Eagle Bancorp Inc. has a 52-week low of $43.75 and a 52-week high of $55.56. The stock has a 50 day moving average price of $49.78 and a 200 day moving average price of $49.63.

In other Eagle Bancorp news, Director Dudley C. Dworken sold 1,167 shares of the firm’s stock in a transaction on Friday, September 23rd. The stock was sold at an average price of $50.31, for a total transaction of $58,711.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Leslie M. Alperstein sold 5,000 shares of the firm’s stock in a transaction on Friday, September 30th. The stock was sold at an average price of $49.24, for a total value of $246,200.00. The disclosure for this sale can be found here. Company insiders own 9.99% of the company’s stock.

A number of large investors have recently bought and sold shares of the company. TIAA CREF Investment Management LLC raised its position in Eagle Bancorp by 0.7% in the second quarter. TIAA CREF Investment Management LLC now owns 93,458 shares of the financial services provider’s stock valued at $4,496,000 after buying an additional 606 shares in the last quarter. American International Group Inc. raised its position in Eagle Bancorp by 0.5% in the second quarter. American International Group Inc. now owns 17,607 shares of the financial services provider’s stock valued at $847,000 after buying an additional 87 shares in the last quarter. Sei Investments Co. raised its position in Eagle Bancorp by 91.7% in the second quarter. Sei Investments Co. now owns 4,100 shares of the financial services provider’s stock valued at $198,000 after buying an additional 1,961 shares in the last quarter. Alliancebernstein L.P. raised its position in Eagle Bancorp by 4.8% in the second quarter. Alliancebernstein L.P. now owns 46,090 shares of the financial services provider’s stock valued at $2,217,000 after buying an additional 2,100 shares in the last quarter. Finally, HighTower Advisors LLC raised its position in Eagle Bancorp by 41.5% in the second quarter. HighTower Advisors LLC now owns 42,598 shares of the financial services provider’s stock valued at $2,049,000 after buying an additional 12,487 shares in the last quarter. 67.63% of the stock is owned by institutional investors.

Separately, Zacks Investment Research raised Eagle Bancorp from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a report on Tuesday, September 20th.

Eagle Bancorp Company Profile

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