Zacks: Analysts Anticipate Eagle Bancorp, Inc. (EGBN) to Announce $1.08 Earnings Per Share

Wall Street analysts expect Eagle Bancorp, Inc. (NASDAQ:EGBN) to post earnings of $1.08 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Eagle Bancorp’s earnings, with the lowest EPS estimate coming in at $1.05 and the highest estimate coming in at $1.11. Eagle Bancorp posted earnings of $0.87 per share in the same quarter last year, which suggests a positive year over year growth rate of 24.1%. The company is scheduled to announce its next quarterly earnings results after the market closes on Wednesday, October 17th.

According to Zacks, analysts expect that Eagle Bancorp will report full year earnings of $4.35 per share for the current year, with EPS estimates ranging from $4.25 to $4.40. For the next financial year, analysts expect that the business will report earnings of $4.68 per share, with EPS estimates ranging from $4.50 to $4.75. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that follow Eagle Bancorp.

Eagle Bancorp (NASDAQ:EGBN) last posted its quarterly earnings data on Wednesday, July 18th. The financial services provider reported $1.08 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.08. Eagle Bancorp had a return on equity of 13.67% and a net margin of 31.06%. The company had revenue of $83.80 million during the quarter, compared to analyst estimates of $77.84 million. During the same period in the previous year, the business earned $0.81 EPS. Eagle Bancorp’s quarterly revenue was up 9.3% on a year-over-year basis.

Several research firms have commented on EGBN. BidaskClub lowered Eagle Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, July 20th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $65.00 price objective on shares of Eagle Bancorp in a research note on Friday, July 20th. Zacks Investment Research upgraded Eagle Bancorp from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a research note on Wednesday, June 20th. Boenning Scattergood reiterated a “buy” rating on shares of Eagle Bancorp in a research note on Thursday, July 19th. Finally, Gabelli began coverage on Eagle Bancorp in a research note on Monday, August 27th. They set a “buy” rating and a $74.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $69.85.

NASDAQ:EGBN traded down $1.09 during trading hours on Friday, hitting $48.32. 257,493 shares of the stock were exchanged, compared to its average volume of 136,730. Eagle Bancorp has a 52-week low of $46.20 and a 52-week high of $69.80. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.21. The firm has a market cap of $1.74 billion, a P/E ratio of 14.42 and a beta of 0.61.

A number of large investors have recently bought and sold shares of EGBN. Federated Investors Inc. PA increased its stake in Eagle Bancorp by 1,398.6% during the 1st quarter. Federated Investors Inc. PA now owns 2,083 shares of the financial services provider’s stock worth $125,000 after buying an additional 1,944 shares in the last quarter. Mount Yale Investment Advisors LLC purchased a new stake in shares of Eagle Bancorp in the first quarter valued at approximately $152,000. SG Americas Securities LLC purchased a new stake in shares of Eagle Bancorp in the first quarter valued at approximately $161,000. Zeke Capital Advisors LLC purchased a new stake in shares of Eagle Bancorp in the second quarter valued at approximately $200,000. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of Eagle Bancorp in the second quarter valued at approximately $202,000. Institutional investors own 69.47% 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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Earnings History and Estimates for Eagle Bancorp (NASDAQ:EGBN)

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