Analysts predict that Eagle Bancorp, Inc. (NASDAQ:EGBN) will post $82.88 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Eagle Bancorp’s earnings. The lowest sales estimate is $82.55 million and the highest is $83.20 million. Eagle Bancorp posted sales of $73.47 million in the same quarter last year, which indicates a positive year-over-year growth rate of 12.8%. The business is expected to report its next earnings results after the market closes on Wednesday, April 18th.
On average, analysts expect that Eagle Bancorp will report full-year sales of $345.71 million for the current fiscal year, with estimates ranging from $342.21 million to $349.20 million. For the next year, analysts forecast that the business will report sales of $379.71 million per share, with estimates ranging from $371.12 million to $388.30 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Eagle Bancorp.
Eagle Bancorp (NASDAQ:EGBN) last released its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.02. Eagle Bancorp had a return on equity of 12.49% and a net margin of 28.32%. The company had revenue of $84.86 million during the quarter, compared to analysts’ expectations of $80.80 million.
A number of equities research analysts have commented on the company. Boenning Scattergood reiterated a “buy” rating and issued a $72.25 price target on shares of Eagle Bancorp in a research note on Wednesday, March 28th. Zacks Investment Research cut Eagle Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, March 27th. BidaskClub upgraded Eagle Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday, February 22nd. Stephens raised Eagle Bancorp from an “equal weight” rating to an “overweight” rating and set a $69.00 price objective on the stock in a report on Friday, January 19th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $66.00 price objective on shares of Eagle Bancorp in a 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’s stock. Eagle Bancorp presently has an average rating of “Buy” and an average target price of $68.85.
Eagle Bancorp stock opened at $58.25 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.05 and a quick ratio of 1.05. Eagle Bancorp has a one year low of $46.20 and a one year high of $69.80. The stock has a market capitalization of $2,058.46, a price-to-earnings ratio of 17.39 and a beta of 0.88.
Hedge funds have recently made changes to their positions in the company. Meeder Asset Management Inc. increased its holdings in shares of Eagle Bancorp by 984.3% in the fourth quarter. Meeder Asset Management Inc. now owns 2,624 shares of the financial services provider’s stock valued at $152,000 after purchasing an additional 2,382 shares during the period. Cornerstone Capital Management Holdings LLC. acquired a new position in shares of Eagle Bancorp in the fourth quarter valued at about $236,000. D.A. Davidson & CO. increased its holdings in shares of Eagle Bancorp by 29.2% in the fourth quarter. D.A. Davidson & CO. now owns 4,830 shares of the financial services provider’s stock valued at $280,000 after purchasing an additional 1,091 shares during the period. Jefferies Group LLC increased its holdings in shares of Eagle Bancorp by 24.1% in the fourth quarter. Jefferies Group LLC now owns 5,208 shares of the financial services provider’s stock valued at $302,000 after purchasing an additional 1,011 shares during the period. Finally, Two Sigma Investments LP acquired a new position in shares of Eagle Bancorp in the fourth quarter valued at about $349,000. 69.70% of the stock is currently 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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