Eagle Bancorp, Inc. (EGBN) Expected to Post Earnings of $0.87 Per Share
Brokerages predict that Eagle Bancorp, Inc. (NASDAQ:EGBN) will post earnings of $0.87 per share for the current quarter, according to Zacks. Two analysts have made estimates for Eagle Bancorp’s earnings, with estimates ranging from $0.84 to $0.89. Eagle Bancorp reported earnings of $0.75 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 16%. The firm is expected to report its next quarterly earnings report on Wednesday, January 17th.
On average, analysts expect that Eagle Bancorp will report full-year earnings of $3.33 per share for the current year, with EPS estimates ranging from $3.31 to $3.36. For the next fiscal year, analysts expect that the firm will report earnings of $3.61 per share, with EPS estimates ranging from $3.55 to $3.65. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover Eagle Bancorp.
Eagle Bancorp (NASDAQ:EGBN) last announced its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.87 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.05. Eagle Bancorp had a return on equity of 13.05% and a net margin of 37.95%. The firm had revenue of $71.94 million for the quarter, compared to analysts’ expectations of $72.66 million. During the same period in the prior year, the business posted $0.72 earnings per share. The company’s revenue was up 11.1% on a year-over-year basis.
Shares of Eagle Bancorp (NASDAQ:EGBN) traded down $16.20 during midday trading on Friday, hitting $49.95. The stock had a trading volume of 4,882,684 shares, compared to its average volume of 133,885. Eagle Bancorp has a 52 week low of $46.20 and a 52 week high of $69.80. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $2,298.47, a price-to-earnings ratio of 21.02 and a beta of 0.90.
In other news, CEO Ronald D. Paul sold 28,140 shares of the stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $65.62, for a total transaction of $1,846,546.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ronald D. Paul sold 16,665 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $63.41, for a total value of $1,056,727.65. The disclosure for this sale can be found here. In the last three months, insiders have sold 152,553 shares of company stock valued at $9,932,774. Insiders own 8.39% of the company’s stock.
Several institutional investors have recently made changes to their positions in the stock. Alps Advisors Inc. raised its holdings in shares of Eagle Bancorp by 0.3% during the second quarter. Alps Advisors Inc. now owns 7,889 shares of the financial services provider’s stock valued at $499,000 after acquiring an additional 21 shares in the last quarter. Trillium Asset Management LLC raised its holdings in shares of Eagle Bancorp by 0.3% during the second quarter. Trillium Asset Management LLC now owns 18,185 shares of the financial services provider’s stock valued at $1,151,000 after acquiring an additional 48 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its holdings in shares of Eagle Bancorp by 1.5% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 6,751 shares of the financial services provider’s stock valued at $427,000 after acquiring an additional 100 shares in the last quarter. Amalgamated Bank raised its holdings in shares of Eagle Bancorp by 7.5% during the second quarter. Amalgamated Bank now owns 4,052 shares of the financial services provider’s stock valued at $256,000 after acquiring an additional 283 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of Eagle Bancorp by 1.0% during the second quarter. Rhumbline Advisers now owns 36,428 shares of the financial services provider’s stock valued at $2,306,000 after acquiring an additional 376 shares in the last quarter. Institutional investors own 68.30% of the company’s stock.
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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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