Equities analysts predict that Eagle Bancorp, Inc. (NASDAQ:EGBN) will report sales of $87.71 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Eagle Bancorp’s earnings. The lowest sales estimate is $86.92 million and the highest is $88.50 million. Eagle Bancorp reported sales of $84.86 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 3.4%. The company is scheduled to report its next earnings report on Wednesday, January 16th.
According to Zacks, analysts expect that Eagle Bancorp will report full year sales of $339.70 million for the current fiscal year, with estimates ranging from $338.69 million to $340.30 million. For the next fiscal year, analysts forecast that the company will report sales of $368.96 million, with estimates ranging from $358.97 million to $374.20 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Eagle Bancorp.
Eagle Bancorp (NASDAQ:EGBN) last announced its earnings results on Wednesday, October 17th. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.02. The business had revenue of $86.93 million for the quarter, compared to analyst estimates of $85.67 million. Eagle Bancorp had a net margin of 31.86% and a return on equity of 14.14%. During the same period last year, the firm posted $0.87 earnings per share.
A number of brokerages have recently issued reports on EGBN. Gabelli began coverage on shares of Eagle Bancorp in a research report on Monday, August 27th. They set a “buy” rating and a $74.00 target price on the stock. BidaskClub lowered shares of Eagle Bancorp from a “sell” rating to a “strong sell” rating in a research report on Friday, August 3rd. ValuEngine upgraded shares of Eagle Bancorp from a “strong sell” rating to a “sell” rating in a research report on Tuesday, November 20th. Zacks Investment Research lowered shares of Eagle Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, September 18th. Finally, Stephens set a $65.00 target price on shares of Eagle Bancorp and gave the stock a “buy” rating in a research report on Friday, October 19th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $66.85.
Large investors have recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. grew its position in Eagle Bancorp by 29.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 194,998 shares of the financial services provider’s stock valued at $11,954,000 after buying an additional 43,842 shares during the last quarter. Epoch Investment Partners Inc. grew its position in Eagle Bancorp by 35.9% in the 2nd quarter. Epoch Investment Partners Inc. now owns 768,337 shares of the financial services provider’s stock valued at $47,099,000 after buying an additional 202,943 shares during the last quarter. Phocas Financial Corp. grew its position in Eagle Bancorp by 103.2% in the 2nd quarter. Phocas Financial Corp. now owns 180,475 shares of the financial services provider’s stock valued at $11,063,000 after buying an additional 91,645 shares during the last quarter. Engineers Gate Manager LP purchased a new position in Eagle Bancorp in the 2nd quarter valued at $500,000. Finally, Rhumbline Advisers grew its position in Eagle Bancorp by 4.0% in the 2nd quarter. Rhumbline Advisers now owns 31,873 shares of the financial services provider’s stock valued at $1,954,000 after buying an additional 1,215 shares during the last quarter. Hedge funds and other institutional investors own 68.95% of the company’s stock.
Shares of EGBN traded down $0.04 during mid-day trading on Friday, reaching $57.64. 451,801 shares of the company’s stock were exchanged, compared to its average volume of 776,475. The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 0.20. The firm has a market cap of $1.98 billion, a PE ratio of 17.21 and a beta of 0.67. Eagle Bancorp has a 52-week low of $46.20 and a 52-week high of $69.80.
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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