Eagle Bancorp, Inc. (NASDAQ:EGBN) – Analysts at FIG Partners upped their Q1 2018 earnings per share (EPS) estimates for Eagle Bancorp in a research note issued to investors on Friday. FIG Partners analyst D. Bishop now expects that the financial services provider will post earnings of $1.06 per share for the quarter, up from their previous forecast of $0.99. FIG Partners also issued estimates for Eagle Bancorp’s Q2 2018 earnings at $1.10 EPS, Q3 2018 earnings at $1.14 EPS, Q4 2018 earnings at $1.16 EPS, FY2018 earnings at $4.46 EPS, Q1 2019 earnings at $1.15 EPS, Q2 2019 earnings at $1.20 EPS, Q3 2019 earnings at $1.26 EPS, Q4 2019 earnings at $1.30 EPS and FY2019 earnings at $4.92 EPS.
Several other analysts have also commented on EGBN. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $64.00 price target on shares of Eagle Bancorp in a research report on Tuesday, October 3rd. Boenning Scattergood reaffirmed a “buy” rating on shares of Eagle Bancorp in a research report on Thursday, October 19th. Zacks Investment Research raised shares of Eagle Bancorp from a “hold” rating to a “buy” rating and set a $76.00 price target on the stock in a research report on Friday, October 20th. BidaskClub raised shares of Eagle Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, December 15th. Finally, Stephens raised shares of Eagle Bancorp from an “equal weight” rating to an “overweight” rating and set a $69.00 price target on the stock in a research report on Friday. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $68.00.
Eagle Bancorp (NASDAQ:EGBN) last released its earnings results on Wednesday, January 17th. The financial services provider reported $0.88 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.02. The business had revenue of $84.86 million for the quarter, compared to analyst estimates of $80.80 million. Eagle Bancorp had a net margin of 28.32% and a return on equity of 12.65%.
Institutional investors have recently bought and sold shares of the stock. Zions Bancorporation acquired a new stake in Eagle Bancorp in the 3rd quarter valued at approximately $231,000. D.A. Davidson & CO. increased its holdings in Eagle Bancorp by 49.9% in the 2nd quarter. D.A. Davidson & CO. now owns 3,537 shares of the financial services provider’s stock valued at $223,000 after purchasing an additional 1,177 shares during the last quarter. Oppenheimer Asset Management Inc. increased its holdings in Eagle Bancorp by 38.0% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 3,966 shares of the financial services provider’s stock valued at $266,000 after purchasing an additional 1,092 shares during the last quarter. Amalgamated Bank increased its holdings in Eagle Bancorp by 7.5% in the 2nd quarter. Amalgamated Bank now owns 4,052 shares of the financial services provider’s stock valued at $256,000 after purchasing an additional 283 shares during the last quarter. Finally, Menta Capital LLC acquired a new stake in Eagle Bancorp in the 2nd quarter valued at approximately $266,000. Hedge funds and other institutional investors own 68.23% of the company’s stock.
In related news, CEO Ronald D. Paul sold 5,000 shares of Eagle Bancorp stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $66.47, for a total value of $332,350.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ronald D. Paul sold 15,000 shares of Eagle Bancorp stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $67.46, for a total transaction of $1,011,900.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 39,959 shares of company stock worth $2,682,251. Corporate insiders own 8.39% 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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