Noteworthy Price Action: Could Eagle Bancorp, Inc. Lose its Strength? The Stock Reaches All-Time High

Noteworthy Price Action: Could Eagle Bancorp, Inc. Lose its Strength? The Stock Reaches All Time High

The stock of Eagle Bancorp, Inc. (NASDAQ:EGBN) reached all time high today, Nov, 14 and still has $88.51 target or 63.00% above today’s $54.30 share price. This indicates more upside for the $1.88B company. This technical setup was reported by Barchart.com. If the $88.51 PT is reached, the company will be worth $1.18B 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. About 123,713 shares traded hands or 42.08% up from the average. Eagle Bancorp, Inc. (NASDAQ:EGBN) has risen 19.69% since April 12, 2016 and is uptrending. It has outperformed by 14.71% the S&P500.

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 Boenning & Scattergood on Thursday, July 23 with “Outperform”. The stock has “Outperform” rating given by FBR Capital on Friday, July 24. Keefe Bruyette & Woods downgraded Eagle Bancorp, Inc. (NASDAQ:EGBN) on Wednesday, December 2 to “Market Perform” rating.

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 decreased to 0.95 in Q2 2016. Its down 0.05, from 1 in 2016Q1. The ratio dropped, 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.
Ladenburg Thalmann Financial Ser reported 1,569 shares or 0% of all its holdings. Royal Commercial Bank Of Canada last reported 0.03% of its portfolio in the stock. Blackrock Gru Ltd has invested 0% of its portfolio in Eagle Bancorp, Inc. (NASDAQ:EGBN). Voya Invest Management Limited Liability Com has 0% invested in the company for 15,052 shares. Bontempo Ohly Cap Management Limited Liability Company has invested 1.37% of its portfolio in Eagle Bancorp, Inc. (NASDAQ:EGBN). Navellier Associates Inc owns 5,929 shares or 0.04% of their US portfolio. Fuller & Thaler Asset Mgmt holds 225 shares or 0% of its portfolio. Teacher Retirement Systems Of Texas reported 4,208 shares or 0% of all its holdings. Forest Hill Cap Ltd reported 563,948 shares or 3.64% of all its holdings. Fmr Ltd Co last reported 445,934 shares in the company. Geode Limited Liability Company reported 215,214 shares or 0.01% of all its holdings. Sandy Spring State Bank holds 0.03% or 6,025 shares in its portfolio. Raymond James And Assoc accumulated 26,602 shares or 0% of the stock. Jennison Associate Llc owns 522,245 shares or 0.03% of their US portfolio. Rhumbline Advisers holds 32,799 shares or 0% of its portfolio.

Insider Transactions: Since June 13, 2016, the stock had 0 buys, and 4 sales for $576,260 net activity. ALPERSTEIN LESLIE M had sold 5,000 shares worth $246,177 on Friday, September 30. Another trade for 1,167 shares valued at $58,708 was made by Dworken Dudley C on Friday, September 23. On Monday, June 13 PINCUS ROBERT P sold $229,642 worth of the stock or 4,515 shares.

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 Subordinated Notes Offering” on July 20, 2016. Globenewswire.com‘s news article titled: “Eagle Bancorp, Inc. Announces Its 31st Consecutive Quarter of Record Earnings …” with publication date: October 19, 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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