Analysts predict that Eagle Bancorp, Inc. (NASDAQ:EGBN) will report $88.33 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Eagle Bancorp’s earnings, with the highest sales estimate coming in at $89.00 million and the lowest estimate coming in at $87.65 million. Eagle Bancorp posted sales of $83.76 million during the same quarter last year, which would indicate a positive year over year growth rate of 5.5%. The business is expected to issue its next quarterly earnings results after the market closes on Wednesday, July 17th.
According to Zacks, analysts expect that Eagle Bancorp will report full year sales of $358.63 million for the current year, with estimates ranging from $353.48 million to $363.20 million. For the next fiscal year, analysts anticipate that the business will post sales of $386.46 million, with estimates ranging from $369.17 million to $398.50 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Eagle Bancorp.
Eagle Bancorp (NASDAQ:EGBN) last issued its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $1.11 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.02). The business had revenue of $81.02 million during the quarter, compared to analysts’ expectations of $82.25 million. Eagle Bancorp had a net margin of 34.72% and a return on equity of 14.28%. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.04 EPS.
A number of brokerages recently commented on EGBN. ValuEngine raised Xylem from a “hold” rating to a “buy” rating in a report on Friday, June 21st. Sandler O’Neill set a $60.00 price target on Eagle Bancorp and gave the company a “buy” rating in a report on Monday, April 22nd. FIG Partners reissued an “outperform” rating on shares of Eagle Bancorp in a report on Wednesday, April 3rd. BidaskClub downgraded Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a report on Monday, June 24th. Finally, Stephens set a $22.00 price target on Home Bancshares and gave the company a “buy” rating in a report on Monday, April 22nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $63.00.
A number of large investors have recently added to or reduced their stakes in EGBN. Flinton Capital Management LLC bought a new position in Eagle Bancorp during the 4th quarter worth approximately $80,000. Neuburgh Advisers LLC bought a new position in Eagle Bancorp during the 4th quarter worth approximately $98,000. Pearl River Capital LLC bought a new position in Eagle Bancorp during the 1st quarter worth approximately $104,000. Zions Bancorporation N.A. bought a new position in Eagle Bancorp during the 1st quarter worth approximately $177,000. Finally, Marshall Wace North America L.P. bought a new position in Eagle Bancorp during the 1st quarter worth approximately $189,000. 76.01% of the stock is currently owned by institutional investors.
Shares of EGBN opened at $55.37 on Thursday. The stock has a market capitalization of $1.91 billion, a P/E ratio of 12.33, a P/E/G ratio of 1.52 and a beta of 0.92. Eagle Bancorp has a one year low of $45.15 and a one year high of $61.25. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.04 and a quick ratio of 1.04. The company has a 50-day simple moving average of $54.47.
The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend was Thursday, May 30th. Eagle Bancorp’s dividend payout ratio is presently 19.91%.
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. It accepts business and personal checking, NOW, tiered savings, and money market accounts, as well as individual retirement and investment sweep accounts; and time deposits.
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