Eagle Bancorp to raise $40M in stock offering
Eagle Bancorp plans $40M stock offering; money to be used for general corporate purposes
- On 7:19 am EDT, Wednesday September 9, 2009
BETHESDA, Md. (AP) -- Eagle Bancorp Inc. said Wednesday it plans to sell $40 million in common stock.
Based on Tuesday's closing price of $8.87, Eagle Bancorp will be able to issue about 4.5 million shares of common stock. The regional bank had about 12.8 million shares of common stock outstanding as of Aug. 7.
Eagle Bancorp plans to use the money raised from the stock sale for general corporate purposes, which could include potential acquisitions or repaying debt.
Underwriters will have the option to purchase up to $6 million in additional shares to cover over-allotments.
Related Headlines
- BANCORP, INC. Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits - EDGAR Online
- Coverage initiated on Eagle Bancorp by FBR Capital - Briefing.com
- The Bancorp, Inc. to Present at the 2009 FBR Capital Markets Investor Conference - Business Wire
- Banking woes seen by La. company as opportunity - AP
- Sandy Spring Bancorp slashes quarterly dividend - AP
Sponsored Links
-
Trade Stocks? Try Currency Trading
Trade in a highly trending market 24-hrs a day, 5.5 days a week. GFT. -
Earn From 1.90% to 2.20% Apply Online
With GE Capital Corporation. Not An Offer Of Securities For Sale.
-
Refinance Now at 4.25% Fixed
No hidden fees-4.4% APR! No obligation. Get 4 free quotes. No SSN req. -
Buy Stocks for $4
No account or investment minimums. No inactivity fees. Start Today.
Tech Ticker Recent Posts
Add Alert Copyright © 2009 The Associated Press. All rights reserved. The information contained in the AP News report may not be published, broadcast, rewritten, or redistributed without the prior written authority of The Associated Press.