The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Eagle Bancorp Inc (MD) shares valued at $25,335 were purchased by Ludwig A. Leslie on Jun 13 ’24. At $16.89 per share, Ludwig A. Leslie acquired 1,500 shares. The insider’s holdings grew to 41,413 shares worth approximately $1.11 million following the completion of this transaction.
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Also, Saltzman Paul purchased 1,000 shares, netting a total of over 16,460 in proceeds. Following the buying of shares at $16.46 each, the insider now holds 21,177 shares.
Before that, Newell Eric R had added 987 shares to its account. In a trade valued at $16,387, the EVP, Chief Financial Officer bought Eagle Bancorp Inc (MD) shares for $16.60 each. Upon closing the transaction, the insider’s holdings increased to 987 shares, worth approximately $0.56 million.
As of March 09, 2021, Gabelli & Co has decreased its “Buy” rating to a “Hold” for EGBN. Earlier on January 29, 2021, Gabelli & Co upgraded its rating. Their new recommendation was “a Buy” for EGBN stock which previously was a “a Hold”.
Analyzing EGBN Stock Performance
During the last five days, there has been a surge of approximately 8.30%. Over the course of the year, Eagle Bancorp Inc (MD) shares have dropped approximately -10.82%. Shares of the company reached a 52-week high of $30.60 on 01/02/24 and a 52-week low of $15.99 on 06/17/24. A 50-day SMA is recorded $22.27, while a 200-day SMA reached $21.65. Nevertheless, trading volume fell to 0.7 million shares from 0.46 million shares the previous day.
Support And Resistance Levels for Eagle Bancorp Inc (MD) (EGBN)
According to the 24-hour chart, there is a support level at 24.91, which, if violated, would cause prices to drop to 22.94. In the upper region, resistance lies at 28.00. The next price resistance is at 29.12. RSI (Relative Strength Index) is 72.15 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.58, which suggests the price will decrease in the coming days. Percent R is at 5.56%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
