Insider Sales at Eagle Bancorp (EGBN) are Significant and Extend the Selling Trend of Last Quarter

Monday, November 06, 2017 10:15 PM ET

Insider Sales at Eagle Bancorp (EGBN) are Significant and Extend the Selling Trend of Last Quarter

A significant level of insider sales in Eagle Bancorp was reported in form 4 documents filed with the SEC today. Two insiders — Ronald D Paul, Director and Officer, and Harvey Michael Goodman, Director — disposed of 33,000 shares in the company having a market value of approximately $2,212,972. There have been 3 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 115,023 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 148,023 shares and have averaged 29,605 shares per transaction over this time period.

In relation to the peer group over the last 90 days, insider buy/sell trading at Eagle Bancorp is above the 184-company peer group average. Commercial Banks peer group saw 314 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 422,990 shares purchased and 1,578,541 shares sold with company insiders disposing of 3,680 shares on average.

In order to focus on 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 data obtained to evaluate and write this story.

Today’s Insider Activity
* Ronald D Paul, Director and Officer, sold 30,000 shares
* Harvey Michael Goodman, Director, sold 3,000 shares

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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