Today it was reported that the EVP;SEVP&COO-Subsidiary Bank of Eagle Bancorp (NASDAQ: EGBN), Susan Riel, exercised options to buy 35,200 EGBN shares at $5.76 a share, for a total transaction value of $202.8K.
Following this transaction Susan Riel’s holding in the company was increased by 23.29% to a total of $9.39 million.
Based on Eagle Bancorp’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $102 million and quarterly net profit of $37.3 million. In comparison, last year the company earned revenue of $89.27 million and had a net profit of $29.87 million. EGBN’s market cap is $1.73B and the company has a P/E ratio of 14.65. Currently, Eagle Bancorp has an average volume of 74.84K.
Starting in December 2017, EGBN received 15 Buy ratings in a row. Based on 5 analyst ratings, the analyst consensus is Strong Buy with an average price target of $68.75, reflecting a 37.2% upside. Five different firms, including Boenning & Scattergood and Gabelli, currently also have a Buy rating on the stock.
Susan Riel’s trades have generated a -22.6% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Eagle Bancorp, Inc. is a holding company the engages in the provision of commercial, residential and consumer loans. The company offers commercial banking services to its business and professional clients as well as complete consumer banking services to individuals living and working in the service area.