In yesterday’s Wall Street session, Eagle Bancorp Inc (MD) (NASDAQ:EGBN) shares traded at $23.49, up 1.42% from the previous session.
EGBN stock price is now -2.40% away from the 50-day moving average and -2.52% away from the 200-day moving average. The market capitalization of the company currently stands at $703.06M.
, while the Gabelli & Co previously rated the stock as ‘Buy’ on January 29, 2021.
In other news, Rheaume Lindsey S, EVP/CLO-C&I sold 22,000 shares of the company’s stock on Mar 05 ’24. The stock was sold for $505,501 at an average price of $22.98. Upon completion of the transaction, the EVP/CLO-C&I now directly owns 9,075 shares in the company, valued at $0.21 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 14 ’23, EVP/Chief Legal Officer Saltzman Paul bought 1,500 shares of the business’s stock. A total of $35,400 was incurred on buying the stock at an average price of $23.60. This leaves the insider owning 12,967 shares of the company worth $0.3 million. A total of 3.14% of the company’s stock is owned by insiders.
During the past 12 months, Eagle Bancorp Inc (MD) has had a low of $16.72 and a high of $34.87. The fifty day moving average price for EGBN is $24.07 and a two-hundred day moving average price translates $24.10 for the stock.
The latest earnings results from Eagle Bancorp Inc (MD) (NASDAQ: EGBN) was released for Dec, 2023. According to the Banks – Regional Company, earnings per share came in at $0.67, missing analysts’ expectations of $0.68 by -0.01. This compares to $1.32 EPS in the same period last year. The net profit margin was 15.63% and return on equity was 8.03% for EGBN. The company reported revenue of $167.42 million for the quarter, compared to $129.13 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 29.65 percent. For the current quarter, analysts expect EGBN to generate $72.6M in revenue.
