Press release
Eagle Bancorp, Inc. (NASDAQ: EGBN) Investor Notice: Investigation over possible Violations of Securities Laws
An investigation for investors in Eagle Bancorp, Inc. (NASDAQ: EGBN) shares over potential securities laws violations.
Investors who purchased shares of Eagle Bancorp, Inc. (NASDAQ: EGBN), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Eagle Bancorp, Inc. (NASDAQ: EGBN) concerning whether a series of statements by Eagle Bancorp, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Bethesda, MD based Eagle Bancorp, Inc. operates as the bank holding company for EagleBank that provides commercial and consumer banking services primarily in the United States. Eagle Bancorp, Inc. reported that its annual Total Revenue increased from $349.74 million in 2019 to $367.25 million in 2020 and that its Net Income declined from $142.94 million in 2019 to $132.21 million in 2020.
On July 21, 2021, Eagle Bancorp, Inc announced its financial and operating results for the second quarter of 2021.
Additionally, Eagle Bancorp, Inc disclosed that in connection with a previously disclosed investigation by the U.S. Securities and Exchange Commission (SEC), Eagle Bancorp’s “Chief Financial Officer recently received a Wells Notice from the Commission Staff that the Staff has made a preliminary determination to recommend to the Commission enforcement actions against him.”
Shares of Eagle Bancorp, Inc. (NASDAQ: EGBN) declined from $58.49 per share on July 2, 2021, to $52.55 per share on July 22, 2021.
Those who purchased shares of Eagle Bancorp, Inc. (NASDAQ: EGBN) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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