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Analyzing Eagle Bancorp Inc (MD) (EGBN) After Recent Trading Activity

Eagle Bancorp Inc (MD)’s filing revealed that its Director Ludwig A. Leslie acquired Company’s shares for reported $25335.0 on Jun 13 ’24. In the deal valued at $16.89 per share,1,500 shares were bought. As a result of this transaction, Ludwig A. Leslie now holds 41,413 shares worth roughly $0.8 million.

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Then, Newell Eric R bought 987 shares, generating $16,387 in total proceeds. Upon buying the shares at $16.60, the EVP, Chief Financial Officer now owns 20,987 shares.

Before that, Saltzman Paul bought 1,000 shares. Eagle Bancorp Inc (MD) shares valued at $16,460 were divested by the EVP/Chief Legal Officer at a price of $16.46 per share. As a result of the transaction, Saltzman Paul now holds 21,177 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 2.11% to $19.32. Over the last five days, the stock has gained 1.31%. Eagle Bancorp Inc (MD) shares have fallen nearly -35.90% since the year began. Nevertheless, the stocks have fallen -29.31% over the past one year. While a 52-week high of $31.97 was reached on 01/02/24, a 52-week low of $15.99 was recorded on 06/17/24. SMA at 50 days reached $19.24, while 200 days put it at $22.54.

Levels Of Support And Resistance For EGBN Stock

The 24-hour chart illustrates a support level at 18.93, which if violated will result in even more drops to 18.55. On the upside, there is a resistance level at 19.51. A further resistance level may holdings at 19.71. The Relative Strength Index (RSI) on the 14-day chart is 43.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.68%. Stochastics%K at 17.31% indicates the stock is a buying.

How much short interest is there in Eagle Bancorp Inc (MD)?

A steep rise in short interest was recorded in Eagle Bancorp Inc (MD) stocks on , dropping by -0.12 million shares to a total of 1.91 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 2.02 million shares. There was a decline of -6.05%, which implies that there is a negative sentiment for the stock.

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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