An investigation on behalf of investors of Eagle Bancorp, Inc. (NASDAQ:EGBN) shares over potential securities laws violations by Eagle Bancorp, Inc. and certain of its directors and officers in connection with certain financial statements was announced.

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. is a bank holding company for EagleBank. Eagle Bancorp, Inc. (NASDAQ:EGBN) reported that its Net Income increased from $84.17 million in 2015 to $97.71 million in 2016.

Shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) grew from $32.67 per share in January 2015 to as high as $68.85 per share in October 2017.

On December 1, 2017, Aurelius Value reported that it had uncovered evidence of an insider loan scheme involving the Chairman and CEO of Eagle Bancorp, Ronald D. Paul and other Board Members. The report stated that 'insiders treat Eagle as their own private piggy bank', and continued to describe how Company insiders benefit by allocating undisclosed special deals where the Company's management benefits personally from a customer relationship.

Shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) declined to $46.20 per share on December 1, 2017.