Thursday, September 14, 2017 10:15 PM ET
Insider Sale at Eagle Bancorp (EGBN) Continues Selling Trend
An insider — Ronald D Paul, Director and Officer — disposed of 16,486 shares of Eagle Bancorp having a market value of approximately $1,048,575 today, as indicated in a form 4 document filed with the SEC. There have been 3 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 51,071 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 67,557 shares and have averaged 16,889 shares per transaction over this time period.
The level of buy/sell trading at Eagle Bancorp is is higher than the 179 peer company average over the last 90-day period. The Commercial Banks peer group saw 266 buy/sell trades during this period for an average of 1.5 transactions per company. The number of shares per buy/sell trade for Eagle Bancorp insiders was also higher. Within the peer group there were 265,502 shares purchased and 1,145,748 shares sold with company insiders disposing of 3,309 shares on average.
To bring into focus significant insider buying and selling activity, all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers has been eliminated in data used to compose and write this story.
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