Equity analysts forecast that Eagle Bancorp, Inc. (NASDAQ:EGBN – received rating) will report earnings per share of $1.16 for the current fiscal quarter Zack. Two analysts have released estimates for Eagle Bancorp’s earnings. The highest EPS estimate is $1.17 and the lowest is $1.14. Eagle Bancorp reported earnings per share of $1.50 for the same quarter last year, indicating a negative growth rate of 22.7% year over year. The company is expected to release its next quarterly report on Monday, January 1st.
According to Zacks, analysts expect Eagle Bancorp to report full-year earnings per share for the current fiscal year of $4.98, with EPS estimates ranging from $4.50 to $5.30. For the next year, analysts expect the company to report earnings of $5.07 per share with EPS estimates ranging from $4.80 to $5.30. Zacks EPS averages are an average based on a survey of sell-side research analysts who follow Eagle Bancorp.
Eagle Bancorp (NASDAQ:EGBN – received rating) last released its quarterly earnings data on Wednesday, April 20. The financial services firm reported earnings per share (EPS) of $1.42 for the quarter, beating the consensus estimate of $1.06 by $0.36. The company had revenue of $87.91 million for the quarter, compared to the consensus estimate of $86.40 million. Eagle Bancorp had a return on equity of 13.63% and a net margin of 45.21%. In the same quarter last year, the company earned $1.36 per share.
EGBN has been the subject of a number of recent research reports. StockNews.com accepted coverage of Eagle Bancorp in a research note on Thursday, March 31. They gave the company a “hold” rating. Zacks Investment Research upgraded Eagle Bancorp to a “buy” rating from a “hold” rating and issued a research report on Tuesday, April 22.
Eagle Bancorp shares fell $0.24 during Tuesday’s trading hours to hit $49.56. 244,254 shares of the Company were exchanged compared to an average volume of 157,975. Eagle Bancorp has a 12-month low of $47.62 and a 12-month high of $63.84. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 8.88 and a beta of 0.98. The stock has a 50-day moving average of $52.69 and a 200-day moving average of $56.84. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt to equity ratio of 0.06.
The company also recently announced a quarterly dividend, which was paid on Friday, April 29th. A dividend of $0.40 was paid to shareholders of record on Monday, April 11th. That equates to an annualized dividend of $1.60 and a yield of 3.23%. The ex-dividend date was Friday April 8th. Eagle Bancorp’s RTP is 28.67%.
Several hedge funds have recently bought and sold shares in EGBN. Thrivent Financial for Lutherans increased its stake in Eagle Bancorp by 0.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 25,999 shares of the financial services provider, valued at $1,517,000, having purchased an additional 165 shares during the period. Captrust Financial Advisors increased its stake in Eagle Bancorp by 17.7% in the third quarter. Captrust Financial Advisors now owns 1,354 shares of the financial services provider, valued at $78,000, having purchased an additional 204 shares during the period. Mutual of America Capital Management LLC increased its stake in Eagle Bancorp by 5.5% during the first quarter. Mutual of America Capital Management LLC now owns 4,603 shares of the financial services provider, valued at $262,000, after purchasing an additional 238 shares during the period. Manufacturers Life Insurance Company increased its stake in Eagle Bancorp by 1.7% in the fourth quarter. Manufacturers Life Insurance Company now owns 15,142 shares of the financial services provider, valued at $883,000, after purchasing an additional 251 shares during the period. Finally, the State of New Jersey Common Pension Fund D increased its position in shares of Eagle Bancorp by 0.6% during the fourth quarter. New Jersey State’s Common Pension Fund D now owns 47,507 shares of the financial services provider, valued at $2,772,000, after purchasing an additional 273 shares last quarter. 73.83% of the shares are currently owned by institutional investors and hedge funds.
Company Profile of Eagle Bancorp (received rating)
Eagle Bancorp, Inc acts as the banking holding company for EagleBank, which provides commercial and consumer banking services primarily in the United States. The Company also offers a variety of commercial and consumer credit products, including commercial loans for working capital, equipment purchases, real estate credit lines, and government contract financing; asset-based lending and receivables financing; building loans and commercial real estate loans; Financing of business equipment; consumer home equity lines of credit, personal lines of credit and term loans; consumer installment loans such as auto and personal loans; personal credit cards; and home loans.
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