Analysts expect Eagle Bancorp, Inc. (NASDAQ: EGBN – Get a rating) will report earnings of $1.06 per share for the current quarter, according to Zacks. Three analysts have released earnings estimates for Eagle Bancorp, with estimates ranging from $1.05 to $1.07. Eagle Bancorp reported earnings of $1.36 per share in the same quarter last year, indicating a negative 22.1% year-over-year growth rate. The company is expected to announce its next results after the market closes on Monday, January 1.
According to Zacks, analysts expect Eagle Bancorp to report annual earnings of $4.49 per share for the current fiscal year, with EPS estimates ranging from $4.40 to $4.54. For the next fiscal year, analysts expect the company to post earnings of $4.91 per share, with EPS estimates ranging from $4.75 to $5.06. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts who provide coverage for Eagle Bancorp.
Eagle Bancorp (NASDAQ: EGBN – Get a rating) last released its quarterly earnings data on Wednesday, January 19. The financial services provider reported EPS of $1.30 for the quarter, beating Thomson Reuters consensus estimate of $1.18 by $0.12. Eagle Bancorp had a return on equity of 13.46% and a net margin of 43.64%. The company posted revenue of $88.76 million in the quarter, versus analyst estimates of $88.31 million. In the same quarter a year earlier, the company earned earnings per share of $1.21.
EGBN has been the subject of several recent analyst reports. StockNews.com threw a blanket on Eagle Bancorp in a report on Thursday, March 31. They set a “holding” rating for the company. Zacks Investment Research upgraded Eagle Bancorp from a “hold” rating to a “buy” rating and set a target price of $66.00 for the company in a Tuesday, March 22 research note.
Shares of NASDAQ EGBN traded at $0.72 during midday trading on Wednesday, reaching $56.45. 86 shares of the company were traded, against an average volume of 139,701. Eagle Bancorp has a 12-month low of $50.92 and a 12-month high of $63.84. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt ratio of 0.05. The stock has a market capitalization of $1.80 billion, a P/E ratio of 10.26 and a beta of 0.97. The company has a fifty-day moving average price of $57.93.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 29. Shareholders of record on Monday, April 11 will receive a dividend of $0.40. This represents an annualized dividend of $1.60 and a yield of 2.83%. The ex-dividend date is Friday, April 8. Eagle Bancorp’s dividend payout ratio is currently 28.99%.
Hedge funds have recently changed their positions in the business. Victory Capital Management Inc. increased its position in Eagle Bancorp by 5.8% in the third quarter. Victory Capital Management Inc. now owns 1,463,856 shares of the financial services provider valued at $84,172,000 after buying an additional 80,195 shares in the last quarter. Segall Bryant & Hamill LLC increased its position in Eagle Bancorp by 2.7% in the third quarter. Segall Bryant & Hamill LLC now owns 80,471 shares of the financial services provider valued at $4,627,000 after purchasing an additional 2,142 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in Eagle Bancorp in the third quarter, valued at approximately $42,000. Teacher Retirement System of Texas increased its equity stake in Eagle Bancorp by 26.5% during the third quarter. Teacher Retirement System of Texas now owns 5,141 shares of the financial services provider valued at $296,000 after acquiring 1,078 additional shares in the last quarter. Finally, Qube Research & Technologies Ltd bought a new position in shares of Eagle Bancorp during the fourth quarter valued at approximately $1,521,000. Hedge funds and other institutional investors own 72.77% of the company’s shares.
Eagle Bancorp Company Profile (Get a rating)
Eagle Bancorp, Inc operates as a bank holding company for EagleBank which provides commercial and consumer banking services primarily in the United States. The Company also offers various consumer and commercial loan products including commercial loans for working capital, equipment purchase, home equity lines of credit and government contract financing; asset-based lending and accounts receivable financing; construction loans and commercial real estate; commercial equipment financing; consumer home equity lines of credit, personal lines of credit and term loans; consumer installment loans, such as car and personal loans; personal credit cards; and residential mortgages.
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
Get news and reviews for Eagle Bancorp Daily – Enter your email address below to receive a concise daily summary of the latest news and analyst ratings for Eagle Bancorp and related companies with MarketBeat.com’s FREE daily newsletter.