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Examining the Potential Price Growth of Eagle Bancorp Inc (MD) (EGBN)

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 $0.17 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 $0.35 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 Monday, Eagle Bancorp Inc (MD) [NASDAQ:EGBN] saw its stock fall -2.32% to $18.96. Over the last five days, the stock has lost -13.03%. Eagle Bancorp Inc (MD) shares have fallen nearly -37.09% since the year began. Nevertheless, the stocks have fallen -21.91% 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 04/25/24. SMA at 50 days reached $22.37, while 200 days put it at $24.03. A total of 0.5 million shares were traded, compared to the trading of 0.21 million shares in the previous session.

Levels Of Support And Resistance For EGBN Stock

The 24-hour chart illustrates a support level at 18.63, which if violated will result in even more drops to 18.29. On the upside, there is a resistance level at 19.50. A further resistance level may holdings at 20.04. The Relative Strength Index (RSI) on the 14-day chart is 31.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.50, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.89%. Stochastics %K at 19.15% 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 .

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