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 $0.2 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 $0.41 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 jump 2.16% to $22.27. Over the last five days, the stock has gained 6.40%. Eagle Bancorp Inc (MD) shares have fallen nearly -26.11% since the year began. Nevertheless, the stocks have fallen -17.15% over the past one year. While a 52-week high of $31.97 was reached on 01/02/24, a 52-week low of $16.72 was recorded on 04/19/24. SMA at 50 days reached $22.68, while 200 days put it at $24.08. A total of 0.17 million shares were traded, compared to the trading of 0.18 million shares in the previous session.
Levels Of Support And Resistance For EGBN Stock
The 24-hour chart illustrates a support level at 21.70, which if violated will result in even more drops to 21.13. On the upside, there is a resistance level at 22.69. A further resistance level may holdings at 23.12. The Relative Strength Index (RSI) on the 14-day chart is 52.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.28, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 26.97%. Stochastics %K at 60.75% indicates the stock is a holding.
The most recent change occurred on December 17, 2020 when Seaport Global Securities began covering the stock and recommended ‘”a Neutral”‘ rating.
