Analysts expect Eagle Bancorp, Inc. (NASDAQ:EGBN) to report $1.06 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have issued estimates for Eagle Bancorp’s earnings, with the highest EPS estimate coming in at $1.09 and the lowest estimate coming in at $1.03. Eagle Bancorp reported earnings per share of $0.81 in the same quarter last year, which indicates a positive year over year growth rate of 30.9%. The company is scheduled to announce its next quarterly earnings results after the market closes on Wednesday, July 18th.
On average, analysts expect that Eagle Bancorp will report full-year earnings of $4.33 per share for the current fiscal year, with EPS estimates ranging from $4.21 to $4.40. For the next fiscal year, analysts expect that the business will report earnings of $4.74 per share, with EPS estimates ranging from $4.59 to $4.82. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that follow Eagle Bancorp.
Eagle Bancorp (NASDAQ:EGBN) last issued its earnings results on Wednesday, April 18th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.01. Eagle Bancorp had a net margin of 29.77% and a return on equity of 13.10%. The business had revenue of $81.10 million during the quarter, compared to the consensus estimate of $75.06 million. During the same period last year, the business posted $0.79 EPS. Eagle Bancorp’s revenue was up 11.1% on a year-over-year basis.
Several equities research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Eagle Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, March 21st. ValuEngine downgraded shares of Eagle Bancorp from a “hold” rating to a “sell” rating in a research note on Monday, June 11th. Boenning Scattergood reiterated a “buy” rating and issued a $72.25 target price on shares of Eagle Bancorp in a research note on Wednesday, March 28th. Finally, BidaskClub downgraded shares of Eagle Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, April 18th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. Eagle Bancorp currently has a consensus rating of “Buy” and an average price target of $69.31.
Shares of NASDAQ:EGBN opened at $61.85 on Friday. Eagle Bancorp has a 52-week low of $46.20 and a 52-week high of $69.80. The stock has a market capitalization of $2.11 billion, a P/E ratio of 18.46 and a beta of 0.87. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.05 and a quick ratio of 1.05.
Hedge funds have recently modified their holdings of the business. UBS Asset Management Americas Inc. lifted its position in Eagle Bancorp by 26.2% during the fourth quarter. UBS Asset Management Americas Inc. now owns 21,144 shares of the financial services provider’s stock worth $1,224,000 after acquiring an additional 4,386 shares during the last quarter. American Century Companies Inc. acquired a new stake in Eagle Bancorp during the fourth quarter worth approximately $406,000. Citadel Advisors LLC lifted its position in Eagle Bancorp by 129.3% during the fourth quarter. Citadel Advisors LLC now owns 43,718 shares of the financial services provider’s stock worth $2,531,000 after acquiring an additional 24,656 shares during the last quarter. State of Wisconsin Investment Board acquired a new stake in Eagle Bancorp during the fourth quarter worth approximately $2,605,000. Finally, Koch Industries Inc. acquired a new stake in Eagle Bancorp during the fourth quarter worth approximately $435,000. Hedge funds and other institutional investors own 69.50% of the company’s stock.
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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