San Diego, CA -- (SBWire) -- 08/18/2021 --An investigation was announced over potential securities laws violations by Eagle Bancorp, Inc. and certain of its directors and officers in connection with certain financial statements.
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 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:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, 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, investigation, and/or settlements are not filed/reached and/or 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.
Eagle Bancorp, Inc. (NASDAQ:EGBN) Investor Alert: Investigation over Possible Violations of Securities Laws
An investigation for investors in Eagle Bancorp, Inc. (NASDAQ:EGBN) shares over potential securities laws violations by Eagle Bancorp, Inc. was announced.