Equities analysts expect that Eagle Bancorp, Inc. (NASDAQ:EGBN – Get Rating) will report $89.91 million in sales for the current quarter, Zacks reports. Three analysts have issued estimates for Eagle Bancorp’s earnings, with the lowest sales estimate coming in at $88.00 million and the highest estimate coming in at $91.00 million. Eagle Bancorp posted sales of $95.56 million in the same quarter last year, which suggests a negative year-over-year growth rate of 5.9%. The company is expected to announce its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that Eagle Bancorp will report full year sales of $361.94 million for the current fiscal year, with estimates ranging from $350.30 million to $370.90 million. For the next financial year, analysts expect that the company will report sales of $393.41 million, with estimates ranging from $370.90 million to $411.70 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Eagle Bancorp.
Eagle Bancorp (NASDAQ:EGBN – Get Rating) last released its earnings results on Wednesday, April 20th. The financial services provider reported $1.42 EPS for the quarter, topping 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%. During the same quarter in the previous year, the business posted $1.36 earnings per share.
EGBN has been the subject of a number of recent analyst reports. Zacks Investment Research raised Eagle Bancorp from a “hold” rating to a “buy” rating and set a $66.00 price target for the company in a report on Tuesday, March 22nd. StockNews.com initiated coverage on Eagle Bancorp in a report on Thursday, March 31st. They set a “hold” 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-to-earnings ratio of 8.81 and a beta of 0.98. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.80 and a quick ratio of 0.80. The business 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 low of $48.55 and a 1 year high of $63.84.
The company also recently announced a quarterly dividend, which was paid on Friday, April 29th. Stockholders of record on Monday, April 11th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.25%. The ex-dividend date was Friday, April 8th. Eagle Bancorp’s payout ratio is currently 28.67%.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. American Century Companies Inc. boosted its position in shares of Eagle Bancorp by 28.8% in the 1st quarter. American Century Companies Inc. now owns 139,781 shares of the financial services provider’s stock valued at $7,969,000 after purchasing an additional 31,279 shares during the period. State of Tennessee Treasury Department boosted its position in shares of Eagle Bancorp by 27.1% in the 1st quarter. State of Tennessee Treasury Department now owns 22,602 shares of the financial services provider’s stock valued at $1,289,000 after purchasing an additional 4,821 shares during the period. WINTON GROUP Ltd boosted its position in shares of Eagle Bancorp by 32.7% in the 1st quarter. WINTON GROUP Ltd now owns 22,769 shares of the financial services provider’s stock valued at $1,298,000 after purchasing an additional 5,616 shares during the period. Swiss National Bank boosted its position in shares of Eagle Bancorp by 7.1% in the 1st quarter. Swiss National Bank now owns 75,632 shares of the financial services provider’s stock valued at $4,312,000 after purchasing an additional 5,000 shares during the period. Finally, Wealthspire Advisors LLC boosted its position in shares of Eagle Bancorp by 37.0% in the 1st quarter. Wealthspire Advisors LLC now owns 30,361 shares of the financial services provider’s stock valued at $1,731,000 after purchasing an additional 8,195 shares during the period. 73.83% of the stock is owned by hedge funds and other institutional investors.
About Eagle Bancorp (Get Rating)
Eagle Bancorp, Inc operates as the bank holding company for EagleBank that provides commercial and consumer banking services primarily in the United States. The company also offers various commercial and consumer lending products comprising commercial loans for working capital, equipment purchases, real estate lines of credit, and government contract financing; asset based lending and accounts receivable financing; construction and commercial real estate loans; business equipment financing; consumer home equity lines of credit, personal lines of credit, and term loans; consumer installment loans, such as auto and personal loans; personal credit cards; and residential mortgage loans.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Eagle Bancorp Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Eagle Bancorp and related companies with MarketBeat.com’s FREE daily email newsletter.