Eagle Bancorp (EGBN) Expected to Announce Earnings on Wednesday

Eagle Bancorp (NASDAQ:EGBN) will likely be releasing its earnings data after the market closes on Wednesday, April 23rd. Analysts expect Eagle Bancorp to post earnings of $0.46 per share and revenue of $71.93 million for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Eagle Bancorp (NASDAQ:EGBN) last released its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). Eagle Bancorp had a positive return on equity of 4.68% and a negative net margin of 6.65%. On average, analysts expect Eagle Bancorp to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Eagle Bancorp Trading Up 2.9 %

EGBN opened at $19.97 on Wednesday. The firm’s 50 day moving average is $22.00 and its 200-day moving average is $24.85. Eagle Bancorp has a 52-week low of $15.99 and a 52-week high of $30.94. The company has a quick ratio of 0.86, a current ratio of 0.88 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $603.17 million, a P/E ratio of -12.72 and a beta of 1.04.

Eagle Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 3.30%. The ex-dividend date was Friday, February 7th. Eagle Bancorp’s dividend payout ratio (DPR) is -42.04%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Piper Sandler lowered their target price on Eagle Bancorp from $31.00 to $27.50 and set a “neutral” rating for the company in a research note on Friday, January 24th. Keefe, Bruyette & Woods lowered their price objective on Eagle Bancorp from $32.00 to $30.00 and set a “market perform” rating for the company in a research note on Monday, January 27th.

Insider Buying and Selling at Eagle Bancorp

In related news, CFO Eric R. Newell bought 1,170 shares of the company’s stock in a transaction dated Friday, March 7th. The stock was bought at an average price of $21.37 per share, with a total value of $25,002.90. Following the transaction, the chief financial officer now owns 28,733 shares of the company’s stock, valued at approximately $614,024.21. This trade represents a 4.24 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 3.10% of the stock is currently owned by insiders.

Eagle Bancorp Company Profile

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.