Brokerages Anticipate Eagle Bancorp, Inc. (EGBN) to Announce $1.03 Earnings Per Share

Analysts expect Eagle Bancorp, Inc. (NASDAQ:EGBN) to post earnings of $1.03 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Eagle Bancorp’s earnings, with estimates ranging from $1.00 to $1.06. Eagle Bancorp posted earnings of $0.77 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 33.8%. The firm is scheduled to issue its next quarterly earnings results after the market closes on Wednesday, April 18th.

According to Zacks, analysts expect that Eagle Bancorp will report full year earnings of $4.35 per share for the current financial year, with EPS estimates ranging from $4.20 to $4.46. For the next financial year, analysts anticipate that the company will post earnings of $4.77 per share, with EPS estimates ranging from $4.60 to $4.92. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Eagle Bancorp.

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Eagle Bancorp (NASDAQ:EGBN) last posted its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.88 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.02. The company had revenue of $84.86 million for the quarter, compared to analysts’ expectations of $80.80 million. Eagle Bancorp had a net margin of 28.32% and a return on equity of 12.49%.

Several research analysts recently weighed in on the stock. Boenning Scattergood restated a “buy” rating and issued a $72.25 price objective on shares of Eagle Bancorp in a research report on Wednesday, March 28th. Zacks Investment Research cut shares of Eagle Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, March 27th. BidaskClub upgraded shares of Eagle Bancorp from a “hold” rating to a “buy” rating in a research report on Thursday, February 22nd. Stephens upgraded shares of Eagle Bancorp from an “equal weight” rating to an “overweight” rating and set a $69.00 price objective on the stock in a research report on Friday, January 19th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $66.00 price objective on shares of Eagle Bancorp in a research report on Friday, December 22nd. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Eagle Bancorp presently has an average rating of “Buy” and an average price target of $68.85.

Shares of EGBN stock traded down $1.05 during trading on Monday, hitting $58.95. The company had a trading volume of 148,707 shares, compared to its average volume of 147,624. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.23. The stock has a market cap of $2,058.46, a price-to-earnings ratio of 17.60 and a beta of 0.88. Eagle Bancorp has a 52 week low of $46.20 and a 52 week high of $69.80.

A number of institutional investors and hedge funds have recently modified their holdings of EGBN. Bank of New York Mellon Corp boosted its stake in Eagle Bancorp by 4.6% in the third quarter. Bank of New York Mellon Corp now owns 242,848 shares of the financial services provider’s stock worth $16,284,000 after buying an additional 10,603 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in Eagle Bancorp by 42.7% in the third quarter. Russell Investments Group Ltd. now owns 32,425 shares of the financial services provider’s stock worth $2,174,000 after buying an additional 9,705 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Eagle Bancorp in the third quarter worth approximately $291,000. Legal & General Group Plc boosted its stake in Eagle Bancorp by 14.7% in the third quarter. Legal & General Group Plc now owns 13,203 shares of the financial services provider’s stock worth $887,000 after buying an additional 1,695 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in Eagle Bancorp by 11.4% in the third quarter. Wells Fargo & Company MN now owns 106,239 shares of the financial services provider’s stock worth $7,124,000 after buying an additional 10,899 shares in the last quarter. 69.70% of the stock is owned by institutional investors and hedge funds.

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Eagle Bancorp Company Profile

Eagle Bancorp, Inc operates as the bank holding company for EagleBank that provides commercial and consumer banking services primarily in the United States. It accepts business and personal checking, NOW, tiered savings, and money market accounts, as well as individual retirement and investment sweep accounts; and time deposits.

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Earnings History and Estimates for Eagle Bancorp (NASDAQ:EGBN)

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