Eagle Bancorp, Inc. (NASDAQ:EGBN) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, July 19th. Analysts expect Eagle Bancorp to post earnings of $0.77 per share for the quarter.
Eagle Bancorp (NASDAQ:EGBN) last issued its quarterly earnings results on Tuesday, April 18th. The financial services provider reported $0.77 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.03. Eagle Bancorp had a net margin of 31.55% and a return on equity of 12.15%. The company had revenue of $73 million for the quarter, compared to the consensus estimate of $68.19 million. During the same quarter in the prior year, the company earned $0.68 EPS. Eagle Bancorp’s quarterly revenue was up 6.0% on a year-over-year basis. On average, analysts expect Eagle Bancorp to post $3.19 EPS for the current fiscal year and $3.70 EPS for the next fiscal year.
Eagle Bancorp, Inc. (EGBN) opened at 62.00 on Tuesday. The company has a 50-day moving average of $60.13 and a 200 day moving average of $60.38. The firm has a market cap of $2.11 billion, a P/E ratio of 20.88 and a beta of 0.71. Eagle Bancorp, Inc. has a one year low of $47.20 and a one year high of $65.00.
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In other news, Director Leland M. Weinstein sold 3,932 shares of the business’s stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $62.97, for a total value of $247,598.04. Following the transaction, the director now owns 64,274 shares of the company’s stock, valued at $4,047,333.78. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Ronald D. Paul sold 7,791 shares of the business’s stock in a transaction that occurred on Thursday, June 29th. The shares were sold at an average price of $63.50, for a total value of $494,728.50. The disclosure for this sale can be found here. In the last three months, insiders sold 20,018 shares of company stock worth $1,258,441. Corporate insiders own 8.39% of the company’s stock.
Several research firms have commented on EGBN. BidaskClub raised Eagle Bancorp from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. Zacks Investment Research raised Eagle Bancorp from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a research report on Wednesday, June 28th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $64.00 target price on shares of Eagle Bancorp in a report on Wednesday, April 5th. Finally, FIG Partners raised Eagle Bancorp from a “market perform” rating to an “outperform” rating and set a $66.00 target price on the stock in a report on Monday, May 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $66.75.
Eagle Bancorp Company Profile
Eagle Bancorp, Inc is a bank holding company for EagleBank (the Bank). The Bank is the Company’s principal operating subsidiary. The Bank is a chartered commercial bank. As of December 31, 2016, the Bank operated 21 banking offices: seven in Montgomery County, Maryland; five located in the District of Columbia, and nine in Northern Virginia.
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