Analysts forecast that Eagle Bancorp, Inc. (NASDAQ:EGBN – Get Rating) will report earnings of $1.06 per share for the current quarter, according to Zacks. Three analysts have issued estimates for Eagle Bancorp’s earnings, with estimates ranging from $1.05 to $1.07. Eagle Bancorp reported earnings of $1.36 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 22.1%. The company is expected to announce its next earnings results after the market closes on Monday, January 1st.
According to Zacks, analysts expect that Eagle Bancorp will report full year earnings of $4.49 per share for the current financial year, with EPS estimates ranging from $4.40 to $4.54. For the next fiscal year, analysts expect that the business will post earnings of $4.91 per share, with EPS estimates ranging from $4.75 to $5.06. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Eagle Bancorp.
Eagle Bancorp (NASDAQ:EGBN – Get Rating) last issued its quarterly earnings data on Wednesday, January 19th. The financial services provider reported $1.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.18 by $0.12. Eagle Bancorp had a return on equity of 13.46% and a net margin of 43.64%. The company had revenue of $88.76 million during the quarter, compared to analyst estimates of $88.31 million. During the same quarter in the previous year, the firm earned $1.21 earnings per share.
Shares of NASDAQ EGBN traded up $0.72 during midday trading on Wednesday, hitting $56.45. 86 shares of the company’s stock were exchanged, compared to its average volume of 139,701. Eagle Bancorp has a 12-month low of $50.92 and a 12-month high of $63.84. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $1.80 billion, a P/E ratio of 10.26 and a beta of 0.97. The firm has a fifty day moving average price of $57.93.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 29th. Shareholders of record on Monday, April 11th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.83%. The ex-dividend date is Friday, April 8th. Eagle Bancorp’s dividend payout ratio is currently 28.99%.
Hedge funds have recently made changes to their positions in the business. Victory Capital Management Inc. lifted its position in Eagle Bancorp by 5.8% in the third quarter. Victory Capital Management Inc. now owns 1,463,856 shares of the financial services provider’s stock valued at $84,172,000 after purchasing an additional 80,195 shares during the last quarter. Segall Bryant & Hamill LLC lifted its position in Eagle Bancorp by 2.7% in the third quarter. Segall Bryant & Hamill LLC now owns 80,471 shares of the financial services provider’s stock valued at $4,627,000 after purchasing an additional 2,142 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in Eagle Bancorp in the third quarter valued at approximately $42,000. Teacher Retirement System of Texas raised its holdings in shares of Eagle Bancorp by 26.5% during the third quarter. Teacher Retirement System of Texas now owns 5,141 shares of the financial services provider’s stock valued at $296,000 after acquiring an additional 1,078 shares in the last quarter. Finally, Qube Research & Technologies Ltd bought a new position in shares of Eagle Bancorp during the fourth quarter valued at approximately $1,521,000. Hedge funds and other institutional investors own 72.77% of the company’s stock.
Eagle Bancorp Company Profile (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.
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