FIG Partners Weighs in on Eagle Bancorp, Inc.’s Q3 2017 Earnings (EGBN)
Eagle Bancorp, Inc. (NASDAQ:EGBN) – Investment analysts at FIG Partners raised their Q3 2017 EPS estimates for Eagle Bancorp in a report issued on Friday. FIG Partners analyst D. Bishop now forecasts that the financial services provider will post earnings per share of $0.85 for the quarter, up from their prior estimate of $0.83. FIG Partners currently has a “Outperform” rating and a $66.00 target price on the stock. FIG Partners also issued estimates for Eagle Bancorp’s Q4 2017 earnings at $0.87 EPS, FY2017 earnings at $3.22 EPS, Q1 2018 earnings at $0.86 EPS, Q2 2018 earnings at $0.89 EPS, Q3 2018 earnings at $0.92 EPS, Q4 2018 earnings at $0.94 EPS and FY2018 earnings at $3.61 EPS.
Several other equities analysts also recently commented on the company. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $64.00 price target on shares of Eagle Bancorp in a report on Wednesday, April 5th. Zacks Investment Research upgraded Eagle Bancorp from a “hold” rating to a “buy” rating and set a $66.00 price target on the stock in a report on Monday, May 15th. Finally, BidaskClub upgraded Eagle Bancorp from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. Eagle Bancorp presently has an average rating of “Hold” and an average price target of $66.75.
Eagle Bancorp (EGBN) opened at 63.20 on Monday. The stock’s 50 day moving average is $62.13 and its 200-day moving average is $60.47. Eagle Bancorp has a 52-week low of $47.20 and a 52-week high of $65.00. The firm has a market capitalization of $2.16 billion, a PE ratio of 20.59 and a beta of 0.71.
Eagle Bancorp (NASDAQ:EGBN) last posted its earnings results on Wednesday, July 19th. The financial services provider reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.04. Eagle Bancorp had a net margin of 31.79% and a return on equity of 12.39%. The business had revenue of $76.72 million for the quarter, compared to analysts’ expectations of $75.41 million. During the same period in the previous year, the company posted $0.71 earnings per share.
In other news, Director Leland M. Weinstein sold 8,295 shares of the stock in a transaction that occurred on Friday, June 9th. The stock was 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Leland M. Weinstein sold 3,932 shares of the stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $62.97, for a total value of $247,598.04. Following the completion of the sale, the director now directly owns 64,274 shares of the company’s stock, valued at $4,047,333.78. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,018 shares of company stock worth $1,258,441. Corporate insiders own 8.39% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. acquired a new stake in Eagle Bancorp during the first quarter valued at $124,000. Ameritas Investment Partners Inc. acquired a new stake in Eagle Bancorp during the first quarter valued at $158,000. Burt Wealth Advisors boosted its stake in Eagle Bancorp by 4.8% in the first quarter. Burt Wealth Advisors now owns 3,235 shares of the financial services provider’s stock valued at $193,000 after buying an additional 148 shares in the last quarter. Prudential Financial Inc. boosted its stake in Eagle Bancorp by 0.3% in the first quarter. Prudential Financial Inc. now owns 3,408 shares of the financial services provider’s stock valued at $203,000 after buying an additional 10 shares in the last quarter. Finally, Karp Capital Management Corp acquired a new stake in Eagle Bancorp during the first quarter valued at $301,000. 66.90% of the stock is owned by institutional investors.
About Eagle Bancorp
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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