Stock analysts expect Eagle Bancorp, Inc. (NASDAQ: EGBN – Get a rating) will report $89.91 million in sales for the current quarter, Zacks reports. Three analysts have released earnings estimates for Eagle Bancorp, with the lowest sales estimate of $88.00 million and the highest estimate of $91.00 million. Eagle Bancorp posted sales of $95.56 million in the same quarter last year, suggesting a negative growth rate of 5.9% year-over-year. The company is expected to announce its next quarterly earnings report on Monday, January 1.
On average, analysts expect Eagle Bancorp to report annual sales of $361.94 million for the current fiscal year, with estimates ranging from $350.30 to $370.90 million. For the next fiscal year, analysts expect the company to report sales of $393.41 million, with estimates ranging from $370.90 million to $411.70 million. Zacks Investment Research sales calculations are an average based on a survey of research analysts who provide coverage for Eagle Bancorp.
Eagle Bancorp (NASDAQ: EGBN – Get a rating) last released its results on Wednesday, April 20. The financial services provider reported EPS of $1.42 for the quarter, beating the consensus estimate of $1.06 by $0.36. Eagle Bancorp had a return on equity of 13.63% and a net margin of 45.21%. In the same quarter a year earlier, the company posted earnings of $1.36 per share.
EGBN has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Eagle Bancorp from a “hold” rating to a “buy” rating and set a price target of $66.00 for the company in a Tuesday, March 22 report. StockNews.com threw a blanket on Eagle Bancorp in a report on Thursday, March 31. They set a “holding” rating for the company.
Shares of NASDAQ EGBN opened at $49.17 on Thursday. The company has a market capitalization of $1.57 billion, a price-earnings ratio of 8.81 and a beta of 0.98. The company has a debt ratio of 0.06, a current ratio of 0.80 and a quick ratio of 0.80. The company has a 50-day moving average of $55.33 and a two-hundred-day moving average of $57.80. Eagle Bancorp has a 1-year minimum of $48.55 and a 1-year maximum of $63.84.
The company also recently announced a quarterly dividend, which was paid on Friday, April 29. Shareholders of record on Monday, April 11 received a dividend of $0.40. This represents an annualized dividend of $1.60 and a dividend yield of 3.25%. The ex-dividend date was Friday, April 8. Eagle Bancorp’s payout ratio is currently 28.67%.
Several hedge funds and other institutional investors have recently changed their positions in the stock. American Century Companies Inc. increased its position in Eagle Bancorp shares by 28.8% in the first quarter. American Century Companies Inc. now owns 139,781 shares of the financial services provider valued at $7,969,000 after purchasing an additional 31,279 shares during the period. The Tennessee State Treasury Department increased its position in Eagle Bancorp shares by 27.1% in the first quarter. The Tennessee State Treasury Department now owns 22,602 shares of the financial services provider valued at $1,289,000 after purchasing an additional 4,821 shares during the period. WINTON GROUP Ltd increased its position in Eagle Bancorp shares by 32.7% in the 1st quarter. WINTON GROUP Ltd now owns 22,769 shares of the financial services provider valued at $1,298,000 after purchasing an additional 5,616 shares during the period. The Swiss National Bank increased its position in shares of Eagle Bancorp by 7.1% in the 1st quarter. The Swiss National Bank now owns 75,632 shares of the financial services provider worth $4,312,000 after buying an additional 5,000 shares during the period. Finally, Wealthspire Advisors LLC increased its position in Eagle Bancorp shares by 37.0% in the 1st quarter. Wealthspire Advisors LLC now owns 30,361 shares of the financial services provider valued at $1,731,000 after purchasing an additional 8,195 shares during the period. 73.83% of the shares are held by hedge funds and other institutional investors.
About Eagle Bancorp (Get a rating)
Eagle Bancorp, Inc operates as a bank holding company for EagleBank which provides commercial and consumer banking services primarily in the United States. The Company also offers various consumer and commercial loan products including commercial loans for working capital, equipment purchase, home equity lines of credit and government contract financing; asset-based lending and accounts receivable financing; construction loans and commercial real estate; commercial equipment financing; consumer home equity lines of credit, personal lines of credit and term loans; consumer installment loans, such as car and personal loans; personal credit cards; and residential mortgages.
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