Today’s Stock Alert: Can Eagle Bancorp, Inc.’s Tomorrow be Different? The Stock Just Broke Its High

Today's Stock Alert: Can Eagle Bancorp, Inc.'s Tomorrow be Different? The Stock Just Broke Its High

The stock of Eagle Bancorp, Inc. (NASDAQ:EGBN) reached all time high today, Nov, 24 and still has $62.84 target or 9.00% above today’s $57.65 share price. This indicates more upside for the $1.96 billion company. This technical setup was reported by Barchart.com. If the $62.84 PT is reached, the company will be worth $176.40M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 2.04% or $1.15 on November 23, hitting $57.65. About 90,946 shares traded hands. Eagle Bancorp, Inc. (NASDAQ:EGBN) has risen 14.59% since April 22, 2016 and is uptrending. It has outperformed by 9.18% the S&P500.

Analysts await Eagle Bancorp, Inc. (NASDAQ:EGBN) to report earnings on January, 18. They expect $0.71 EPS, up 9.23% or $0.06 from last year’s $0.65 per share. EGBN’s profit will be $24.14M for 20.30 P/E if the $0.71 EPS becomes a reality. After $0.72 actual EPS reported by Eagle Bancorp, Inc. for the previous quarter, Wall Street now forecasts -1.39% negative EPS growth.

Eagle Bancorp, Inc. (NASDAQ:EGBN) Ratings Coverage

Out of 3 analysts covering Eagle Bancorp (NASDAQ:EGBN), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. Eagle Bancorp has been the topic of 3 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The rating was maintained by FBR Capital on Friday, July 24 with “Outperform”. The stock has “Outperform” rating given by Boenning & Scattergood on Thursday, July 23. The rating was downgraded by Keefe Bruyette & Woods to “Market Perform” on Wednesday, December 2.

According to Zacks Investment Research, “EAGLE BANCORP is the holding company for EagleBank. The Bank is headquartered in Bethesda, Maryland, and conducts full service commercial banking services through nine offices, located in Montgomery County, Maryland and Washington, D.C. The Company focuses on building relationships with businesses, professionals and individuals in its marketplace.”

Insitutional Activity: The institutional sentiment increased to 1 in Q2 2016. Its up 0.05, from 0.95 in 2016Q1. The ratio increased, as 10 funds sold all Eagle Bancorp, Inc. shares owned while 54 reduced positions. 16 funds bought stakes while 45 increased positions. They now own 22.23 million shares or 0.40% less from 22.32 million shares in 2016Q1.
M&T Bancorp reported 7,216 shares or 0% of all its holdings. Jennison Associates Ltd Liability Com accumulated 0.03% or 522,245 shares. California Employees Retirement System has invested 0% of its portfolio in Eagle Bancorp, Inc. (NASDAQ:EGBN). Moreover, Kistler has 0% invested in Eagle Bancorp, Inc. (NASDAQ:EGBN) for 6 shares. Sei Invests Co accumulated 4,100 shares or 0% of the stock. Us State Bank De accumulated 20,409 shares or 0% of the stock. 1St Glob Advsrs holds 0.12% of its portfolio in Eagle Bancorp, Inc. (NASDAQ:EGBN) for 18,502 shares. The Maryland-based Investment Counselors Of Maryland Llc has invested 0.55% in Eagle Bancorp, Inc. (NASDAQ:EGBN). Renaissance Technologies Ltd Liability has 98,980 shares for 0.01% of their US portfolio. Credit Suisse Ag, a Switzerland-based fund reported 54,537 shares. Alliancebernstein Lp owns 46,090 shares or 0% of their US portfolio. Penn Capital Management Incorporated holds 0.06% of its portfolio in Eagle Bancorp, Inc. (NASDAQ:EGBN) for 20,968 shares. Commonwealth Equity Service Inc accumulated 0.01% or 29,633 shares. Tudor Investment Corp Et Al has 0.01% invested in the company for 5,114 shares. Pnc Fincl Grp holds 0.08% of its portfolio in Eagle Bancorp, Inc. (NASDAQ:EGBN) for 1.41 million shares.

Insider Transactions: Since June 13, 2016, the stock had 0 buys, and 5 sales for $711,885 net activity. On Monday, June 13 PINCUS ROBERT P sold $229,642 worth of the stock or 4,515 shares. Goodman Harvey Michael had sold 2,500 shares worth $135,625. 833 Eagle Bancorp, Inc. (NASDAQ:EGBN) shares with value of $41,733 were sold by Dworken Dudley C. 5,000 Eagle Bancorp, Inc. (NASDAQ:EGBN) shares with value of $246,177 were sold by ALPERSTEIN LESLIE M.

More recent Eagle Bancorp, Inc. (NASDAQ:EGBN) news were published by: Globenewswire.com which released: “Eagle Bancorp, Inc. Announces Pricing and Upsizing of Subordinated Notes Offering” on July 22, 2016. Also Globenewswire.com published the news titled: “Eagle Bancorp, Inc. Announces Its 31st Consecutive Quarter of Record Earnings …” on October 19, 2016. Globenewswire.com‘s news article titled: “Eagle Bancorp, Inc. Announces Subordinated Notes Offering” with publication date: July 20, 2016 was also an interesting one.

EGBN Company Profile

Eagle Bancorp, Inc., incorporated on October 28, 1997, is a bank holding firm for EagleBank (the Bank). The Bank is the Company’s principal operating subsidiary. The Bank is a chartered commercial bank, which operates over 20 banking offices in Montgomery County, Maryland; District of Columbia, and Northern Virginia. The Bank offers a range of commercial banking services to its business and professional clients, as well as consumer banking services to individuals living or working in the service area. The Bank also provides commercial banking services to proprietorships, businesses, partnerships, firms, non-profit organizations and associations, and investors living and working in and near the Bank’s primary service area. The Bank offers a range of retail banking services to accommodate the individual needs of both corporate customers, as well as the community the Bank serves. The Bank also offers online banking, mobile banking and remote deposit services. It has a non-banking subsidiary, Eagle Commercial Ventures, LLC (ECV), which provides subordinated financing for the acquisition, development and construction of real estate projects. The Bank’s subsidiaries also include Bethesda Leasing, LLC and Eagle Insurance Services, LLC.

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