Eagle Bancorp Inc (MD)’s recently made public that its EVP/CLO-C&I Rheaume Lindsey S unloaded Company’s shares for reported $0.51 million on Mar 05 ’24. In the deal valued at $22.98 per share,22,000 shares were sold. As a result of this transaction, Rheaume Lindsey S now holds 9,075 shares worth roughly $0.19 million.
Then, Saltzman Paul bought 1,500 shares, generating $35,400 in total proceeds. Upon buying the shares at $23.60, the EVP/Chief Legal Officer now owns 12,967 shares.
Before that, LaPlaca Theresa G. sold 3,000 shares. Eagle Bancorp Inc (MD) shares valued at $64,031 were divested by the Director at a price of $21.34 per share. As a result of the transaction, LaPlaca Theresa G. now holds 18,291 shares, worth roughly $0.38 million.
A number of analysts have revised their coverage, including Gabelli & Co’s analysts, who decreased its forecast for the stock in early March from “a Buy” to “a Hold”. Gabelli & Co also remained covering EGBN and has increased its forecast on January 29, 2021 with a “Buy” recommendation from previously “Hold” rating. Gabelli & Co revised its rating on January 08, 2021. It rated EGBN as “a Hold” which previously was an “a Buy”.
Price Performance Review of EGBN
On Tuesday, Eagle Bancorp Inc (MD) [NASDAQ:EGBN] saw its stock fall -1.78% to $20.93. Over the last five days, the stock has lost -8.24%. Eagle Bancorp Inc (MD) shares have fallen nearly -30.56% since the year began. Nevertheless, the stocks have fallen -32.98% over the past one year. While a 52-week high of $32.20 was reached on 01/02/24, a 52-week low of $16.72 was recorded on 04/12/24. SMA at 50 days reached $22.87, while 200 days put it at $24.08. A total of 0.24 million shares were traded, compared to the trading of 0.26 million shares in the previous session.
Levels Of Support And Resistance For EGBN Stock
The 24-hour chart illustrates a support level at 20.77, which if violated will result in even more drops to 20.60. On the upside, there is a resistance level at 21.16. A further resistance level may holdings at 21.38. The Relative Strength Index (RSI) on the 14-day chart is 36.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.93, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.95%. Stochastics %K at 13.25% indicates the stock is a buying.
The most recent change occurred on December 17, 2020 when Seaport Global Securities began covering the stock and recommended ‘”a Neutral”‘ rating.
