Media headlines about Eagle Bancorp (NASDAQ:EGBN) have been trending somewhat positive on Monday, Accern Sentiment reports. The research group scores the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Eagle Bancorp earned a news sentiment score of 0.09 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 46.0517766081014 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 news articles that may have effected Accern Sentiment Analysis’s analysis:
- Eagle Bancorp (EGBN) Upgraded by Zacks Investment Research to “Strong-Buy” (americanbankingnews.com)
- Eagle Bancorp (EGBN) Rating Lowered to Hold at Zacks Investment Research (americanbankingnews.com)
- Eagle Bancorp, Inc. Shareholder Alert: Former SEC Attorney Willie Briscoe Investigates Possible Breaches of Fiduciary Duty by Officers and Directors (markets.financialcontent.com)
- Eagle Bancorp (EGBN) Scheduled to Post Earnings on Tuesday (americanbankingnews.com)
A number of research firms recently weighed in on EGBN. Zacks Investment Research raised shares of Eagle Bancorp from a “hold” rating to a “strong-buy” rating and set a $71.00 price objective on the stock in a research report on Friday. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $64.00 price objective on shares of Eagle Bancorp in a research report on Tuesday, October 3rd. Finally, Boenning Scattergood reissued a “buy” rating on shares of Eagle Bancorp in a research report on Thursday, October 19th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $67.75.
Shares of Eagle Bancorp (NASDAQ EGBN) traded down $0.25 during trading hours on Monday, hitting $61.45. The stock has a market cap of $2,100.00, a P/E ratio of 19.32 and a beta of 0.87. Eagle Bancorp has a 12 month low of $46.20 and a 12 month high of $69.80. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.23.
Eagle Bancorp (NASDAQ:EGBN) last issued its earnings results on Wednesday, October 18th. The financial services provider reported $0.87 EPS for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.05. The business had revenue of $71.94 million for the quarter, compared to analyst estimates of $72.66 million. Eagle Bancorp had a net margin of 32.40% and a return on equity of 12.37%. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period last year, the company posted $0.72 earnings per share. equities analysts expect that Eagle Bancorp will post 3.34 earnings per share for the current year.
In other news, CEO Ronald D. Paul sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $66.47, for a total transaction of $332,350.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Dudley C. Dworken sold 2,000 shares of the firm’s 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. Over the last ninety days, insiders have sold 39,959 shares of company stock worth $2,682,251. Corporate insiders own 8.39% of the company’s stock.
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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.
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