Insider Sale at Eagle Bancorp (EGBN) Continues Selling Trend

Thursday, October 26, 2017 10:15 PM ET

Insider Sale at Eagle Bancorp (EGBN) Continues Selling Trend

A SEC filing today revealed a notable insider sale of Eagle Bancorp shares as — Ronald D Paul, Director and Officer — disposed of 15,000 shares in the company having a market value of approximately $1,011,943. 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 95,023 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 110,023 shares and have averaged 27,506 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at Eagle Bancorp is greater than the 183-company peer group average. Commercial Banks peer group saw 310 buy/sell trades during this period for an average of 1.7 transactions per company. The number of shares per buy/sell trade for Eagle Bancorp insiders was also higher. Within the peer group there were 431,011 shares purchased and 1,563,215 shares sold with company insiders selling 3,652 shares on average.

The data obtained in evaluating and writing in this story eliminates 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.

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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