This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

5 Stocks Insiders Love Right Now

Stocks in this article: BBY WTI VVTV CARB EGBN

Eagle Bancorp

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

One more stock seeing some interesting insider buying is regional banking player Eagle Bancorp (EGBN), which offers full commercial banking services to its business and professional clients as well as complete consumer banking services to individuals living and/or working in the service area. Insiders are buying this stock into modest strength since shares are up just over 10% so far in 2012.

Eagle Bancorp has a market cap of $324 million and an enterprise value of $343 million. This stock trades at a cheap valuation, with a trailing price-to-earnings of 12.75 and a forward price-to-earnings of 10.93. Its estimated growth rate for this year is 23.7%, and for next year it's pegged at 4.3%. This is not a cash-rich company, since the total cash position on its balance sheet is $142.15 million and its total debt is $160.88 million.

A director just bought 46,001 shares, or about $736,000 worth of stock, at $16 per share.

>>5 Bank Stocks Wilting Under the Summer Sun

From a technical perspective, EGBN is currently trading below its 50-day moving average and above its 200-day moving average, which is neutral trendwise. This stock has been uptrending for most of the year, with shares trading from a low of $13.87 to a recent high of $17.94 a share. During that uptrend, EGBN have mostly made higher highs and higher lows, which is bullish technical price action. That said, the stock just moved back below its 50-day moving average of $16.61 a share, and has started to move sideways between $15.91 and $16.25 a share.

If you're bullish on EGBN, then I would look for long-biased trades once this stock breaks out above $16.25, and then above its 50-day moving average of $16.61 a share with high-volume. Look for volume that's near or above its three-month average action of 42,776 shares. If we get that move, then I would look for EGBN to re-test and potentially take out its 52-week high of $17.94 a share.

I would simply avoid this stock or look for short-biased trades if EGBN moves below its near-term support at $15.91 to $15.81 with high-volume. If we get that move, look for EGBN to re-test and possibly take out its 200-day moving average of $14.79 a share.

To see more stocks with notable insider buying, including CVR Energy (CVI), BlackRock (BLK) and Mead Johnson Nutrition (MJN), check out the Stocks With Big Insider Buying portfolio on Stockpickr.

-- Written by Roberto Pedone in Winderemere, Fla.


Follow Stockpickr on Twitter and become a fan on Facebook.

At the time of publication, author had no positions in stocks mentioned.

Roberto Pedone, based out of Windermere, Fla., is an independent trader who focuses on stocks, options, futures, commodities and currencies. He is also an outside contributor to and maintains the website, which he sold to Blue Wave Advisors in 2008. Roberto studied International Business at The Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany.
6 of 6

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs