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New Big Money Means Eagle Bancorp Inc (MD) (EGBN) Investors Could Reap Benefit

Eagle Bancorp Inc (MD) (NASDAQ: EGBN) is -33.78% lower on its value in year-to-date trading and has touched a low of $16.72 and a high of $31.97 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The EGBN stock was last observed hovering at around $22.24 in the last trading session, with the day’s loss setting it -2.28%.

Currently trading at $19.96, the stock is -8.98% and -11.82% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.8 million and changing -10.25% at the moment leaves the stock -17.12% off its SMA200. EGBN registered -20.13% loss for a year compared to 6-month gain of 11.57%.

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The stock witnessed a -9.68% loss in the last 1 month and extending the period to 3 months gives it a -26.32%, and is -2.73% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.34% over the week and 3.71% over the month.

Eagle Bancorp Inc (MD) (EGBN) has around 452 employees, a market worth around $597.40M and $678.14M in sales. Current P/E ratio is 7.92 and Fwd P/E is 7.39. Profit margin for the company is 11.20%. Distance from 52-week low is 19.38% and -37.57% from its 52-week high. The company has generated returns on investments over the last 12 months (2.57%).

The EPS is expected to shrink by -27.68% this year

The shares outstanding are 29.93M, and float is at 28.94M with Short Float at 7.03%.

Eagle Bancorp Inc (MD) (EGBN) Insider Activity

The most recent transaction is an insider sale by Rheaume Lindsey S, the company’s EVP/CLO-C&I. SEC filings show that Rheaume Lindsey S sold 22,000 shares of the company’s common stock on Mar 05 ’24 at a price of $22.98 per share for a total of $0.51 million. Following the sale, the insider now owns 9075.0 shares.

Eagle Bancorp Inc (MD) disclosed in a document filed with the SEC on Nov 14 ’23 that Saltzman Paul (EVP/Chief Legal Officer) bought a total of 1,500 shares of the company’s common stock. The trade occurred on Nov 14 ’23 and was made at $23.60 per share for $35400.0. Following the transaction, the insider now directly holds 12967.0 shares of the EGBN stock.

Still, SEC filings show that on Nov 10 ’23, LaPlaca Theresa G. (Director) disposed off 3,000 shares at an average price of $21.34 for $64031.0. The insider now directly holds 18,291 shares of Eagle Bancorp Inc (MD) (EGBN).

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