Eagle Bancorp, Inc. (EGBN) Scheduled to Post Quarterly Earnings on Wednesday
Eagle Bancorp, Inc. (NASDAQ:EGBN) is set to announce its earnings results after the market closes on Wednesday, July 19th. Analysts expect the company to announce earnings of $0.77 per share for the quarter.
Eagle Bancorp (NASDAQ:EGBN) last posted its 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 return on equity of 12.15% and a net margin of 31.55%. The firm had revenue of $73 million during the quarter, compared to analyst estimates of $68.19 million. During the same period in the previous year, the company earned $0.68 EPS. The company’s revenue for the quarter 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.
Shares of Eagle Bancorp, Inc. (EGBN) opened at 62.05 on Monday. The company has a 50-day moving average price of $60.13 and a 200 day moving average price of $60.38. Eagle Bancorp, Inc. has a 12-month low of $47.20 and a 12-month high of $65.00. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of 20.89 and a beta of 0.71.
A number of research analysts have weighed in on EGBN shares. BidaskClub upgraded Eagle Bancorp from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $64.00 price target on shares of Eagle Bancorp in a research note on Wednesday, April 5th. FIG Partners upgraded Eagle Bancorp from a “market perform” rating to an “outperform” rating and set a $66.00 price target for the company in a research note on Monday, May 22nd. Finally, Zacks Investment Research downgraded Eagle Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, March 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $66.75.
In other news, CEO Ronald D. Paul sold 7,791 shares of the firm’s stock in a transaction that occurred on Thursday, June 29th. The stock was sold at an average price of $63.50, for a total value of $494,728.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Leland M. Weinstein sold 8,295 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $62.22, for a total value of $516,114.90. Following the completion of the sale, the director now directly owns 72,469 shares of the company’s stock, valued at $4,509,021.18. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,018 shares of company stock valued at $1,258,441. Insiders own 8.39% of the company’s stock.
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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