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Eagle Bancorp Inc (MD) (EGBN) may enjoy gains as insiders got busy in the recent days

In a filing, Eagle Bancorp Inc (MD) revealed 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 $0.95 million.

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Then, Saltzman Paul bought 1,000 shares, generating $16,460 in total proceeds. Upon buying the shares at $16.46, the EVP/Chief Legal Officer now owns 21,177 shares.

Before that, Newell Eric R bought 987 shares. Eagle Bancorp Inc (MD) shares valued at $16,387 were divested by the EVP, Chief Financial Officer at a price of $16.60 per share. As a result of the transaction, Newell Eric R now holds 20,987 shares, worth roughly $0.48 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 Friday, Eagle Bancorp Inc (MD) [NASDAQ:EGBN] saw its stock fall -3.54% to $22.91. Over the last five days, the stock has gained 6.16%. Eagle Bancorp Inc (MD) shares have fallen nearly -23.99% since the year began. Nevertheless, the stocks have risen 4.18% 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 $21.18, while 200 days put it at $22.34.

Levels Of Support And Resistance For EGBN Stock

The 24-hour chart illustrates a support level at 22.52, which if violated will result in even more drops to 22.13. On the upside, there is a resistance level at 23.47. A further resistance level may holdings at 24.03. The Relative Strength Index (RSI) on the 14-day chart is 63.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.40, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 23.54%. Stochastics %K at 82.03% indicates the stock is a selling.

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 2024-08-30, dropping by -0.2 million shares to a total of 1.7 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 1.91 million shares. There was a decline of -11.85%, 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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