Equities analysts expect Eagle Bancorp, Inc. (NASDAQ:EGBN) to report $1.13 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Eagle Bancorp’s earnings. The highest EPS estimate is $1.16 and the lowest is $1.09. Eagle Bancorp reported earnings of $1.08 per share in the same quarter last year, which indicates a positive year over year growth rate of 4.6%. The firm is expected to announce its next earnings report after the market closes on Wednesday, July 17th.
On average, analysts expect that Eagle Bancorp will report full year earnings of $4.61 per share for the current financial year, with EPS estimates ranging from $4.44 to $4.70. For the next year, analysts expect that the company will report earnings of $4.93 per share, with EPS estimates ranging from $4.64 to $5.13. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Eagle Bancorp.
Eagle Bancorp (NASDAQ:EGBN) last announced its earnings results on Wednesday, April 17th. The financial services provider reported $1.11 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.02). The firm had revenue of $81.02 million during the quarter, compared to analysts’ expectations of $82.25 million. Eagle Bancorp had a net margin of 34.72% and a return on equity of 14.28%. Eagle Bancorp’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.04 earnings per share.
EGBN has been the subject of several analyst reports. Boenning Scattergood restated an “outperform” rating and issued a $47.75 target price on shares of WSFS Financial in a research note on Thursday, June 20th. FIG Partners restated an “outperform” rating on shares of Eagle Bancorp in a research note on Wednesday, April 3rd. Zacks Investment Research downgraded shares of EXACT Sciences from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. BidaskClub downgraded shares of Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a research note on Monday, June 24th. Finally, Sandler O’Neill set a $60.00 price objective on shares of Eagle Bancorp and gave the company a “buy” rating in a research note on Monday, April 22nd. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. Eagle Bancorp presently has a consensus rating of “Hold” and a consensus target price of $63.00.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Flinton Capital Management LLC bought a new position in Eagle Bancorp during the 4th quarter valued at $80,000. Neuburgh Advisers LLC bought a new position in Eagle Bancorp during the 4th quarter valued at $98,000. Pearl River Capital LLC bought a new position in Eagle Bancorp during the 1st quarter valued at $104,000. Zions Bancorporation N.A. bought a new position in Eagle Bancorp during the 1st quarter valued at $177,000. Finally, Xact Kapitalforvaltning AB bought a new position in Eagle Bancorp during the 2nd quarter valued at $203,000. Hedge funds and other institutional investors own 76.01% of the company’s stock.
Shares of EGBN stock opened at $55.37 on Tuesday. The stock has a market capitalization of $1.91 billion, a P/E ratio of 12.33, a PEG ratio of 1.52 and a beta of 0.92. The company has a fifty day moving average price of $54.47. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.22. Eagle Bancorp has a twelve month low of $45.15 and a twelve month high of $61.25.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were paid a dividend of $0.22 per share. The ex-dividend date was Thursday, May 30th. This represents a $0.88 dividend on an annualized basis and a yield of 1.59%. Eagle Bancorp’s dividend payout ratio (DPR) is 19.91%.
About Eagle Bancorp
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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