$1.06 Earnings Per Share Expected for Eagle Bancorp, Inc. (NASDAQ:EGBN) This Quarter

Equities research analysts forecast that Eagle Bancorp, Inc. (NASDAQ:EGBN) will announce earnings per share of $1.06 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Eagle Bancorp’s earnings. The highest EPS estimate is $1.10 and the lowest is $1.04. Eagle Bancorp posted earnings of $1.13 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 6.2%. The business is scheduled to announce its next earnings report on Wednesday, October 16th.

On average, analysts expect that Eagle Bancorp will report full year earnings of $4.29 per share for the current financial year, with EPS estimates ranging from $4.15 to $4.44. For the next year, analysts expect that the business will post earnings of $4.52 per share, with EPS estimates ranging from $4.01 to $4.90. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that follow Eagle Bancorp.

Eagle Bancorp (NASDAQ:EGBN) last issued its earnings results on Wednesday, July 17th. The financial services provider reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.05). Eagle Bancorp had a return on equity of 13.77% and a net margin of 33.71%. The firm had revenue of $87.70 million during the quarter, compared to analyst estimates of $82.37 million. During the same period in the previous year, the company earned $1.09 earnings per share. The business’s revenue for the quarter was up 4.7% on a year-over-year basis.

A number of research analysts have recently commented on EGBN shares. BidaskClub lowered Eagle Bancorp from a “hold” rating to a “sell” rating in a report on Monday, June 24th. Zacks Investment Research lowered Eagle Bancorp from a “hold” rating to a “sell” rating in a report on Monday, July 22nd. TheStreet lowered Eagle Bancorp from a “b-” rating to a “c” rating in a report on Monday, July 29th. Stephens set a $58.00 price objective on Eagle Bancorp and gave the company a “hold” rating in a report on Monday, April 22nd. Finally, ValuEngine lowered Eagle Bancorp from a “sell” rating to a “strong sell” rating in a report on Thursday, July 18th. Three analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. Eagle Bancorp currently has a consensus rating of “Hold” and an average target price of $57.50.

EGBN stock traded up $0.10 during mid-day trading on Thursday, hitting $38.03. The stock had a trading volume of 353,894 shares, compared to its average volume of 245,351. The company has a quick ratio of 1.04, a current ratio of 1.05 and a debt-to-equity ratio of 0.21. Eagle Bancorp has a 1-year low of $37.16 and a 1-year high of $60.77. The business’s fifty day moving average price is $48.84. The stock has a market cap of $1.34 billion, a PE ratio of 8.43, a price-to-earnings-growth ratio of 1.29 and a beta of 0.90.

Several institutional investors and hedge funds have recently modified their holdings of EGBN. Pearl River Capital LLC acquired a new stake in Eagle Bancorp during the 1st quarter valued at $104,000. Zions Bancorporation N.A. acquired a new stake in Eagle Bancorp during the 1st quarter valued at $177,000. Marshall Wace North America L.P. acquired a new stake in Eagle Bancorp during the 1st quarter valued at $189,000. Xact Kapitalforvaltning AB acquired a new stake in Eagle Bancorp during the 2nd quarter valued at $203,000. Finally, Amalgamated Bank acquired a new stake in shares of Eagle Bancorp in the 4th quarter valued at $238,000. 75.84% of the stock is owned by institutional investors and hedge funds.

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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