Eagle Bancorp (EGBN) to report earnings on Wednesday
Eagle Bancorp (EGBN) to report earnings on Wednesday

Eagle Bancorp (NASDAQ: EGBNGet a rating) will announce its results after the market closes on Wednesday, April 20. Analysts expect the company to report earnings of $1.06 per share for the quarter. Investors wishing to register for the company’s conference call can do so using this link.

Eagle Bancorp (NASDAQ: EGBNGet a rating) last released its quarterly results on Wednesday, January 19. The financial services provider reported EPS of $1.30 for the quarter, beating Thomson Reuters consensus estimate of $1.18 by $0.12. The company posted revenue of $88.76 million in the quarter, versus analyst estimates of $88.31 million. Eagle Bancorp had a return on equity of 13.46% and a net margin of 43.64%. In the same quarter last year, the company posted earnings per share of $1.21. On average, analysts expect Eagle Bancorp to post EPS of $4 for the current fiscal year and EPS of $5 for the next fiscal year.

EGBN opened at $54.14 on Monday. The company has a market capitalization of $1.73 billion, a P/E ratio of 9.81 and a beta of 0.97. 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 ratio of 0.05. The stock has a 50-day moving average of $58.16 and a 200-day moving average of $58.50.

The company also recently declared a quarterly dividend, which will be paid on Friday, April 29. Investors of record on Monday, April 11 will receive a dividend of $0.40. The ex-date of this dividend is Friday, April 8. This represents an annualized dividend of $1.60 and a yield of 2.96%. Eagle Bancorp’s dividend payout ratio is currently 28.99%.

Several large investors have recently changed their positions in the company. Morgan Stanley increased its stake in shares of Eagle Bancorp by 43.6% during the second quarter. Morgan Stanley now owns 125,962 shares of the financial services provider valued at $7,065,000 after acquiring 38,270 additional shares last quarter. Millennium Management LLC increased its stake in shares of Eagle Bancorp by 199.5% during the third quarter. Millennium Management LLC now owns 36,080 shares of the financial services provider valued at $2,075,000 after acquiring an additional 24,033 shares last quarter. LPL Financial LLC increased its stake in shares of Eagle Bancorp by 8.8% during the third quarter. LPL Financial LLC now owns 5,241 shares of the financial services provider valued at $308,000 after acquiring an additional 424 shares last quarter. Renaissance Technologies LLC purchased a new stake in shares of Eagle Bancorp during the fourth quarter valued at approximately $555,000. Finally, Invesco Ltd. increased its stake in shares of Eagle Bancorp by 32.9% during the fourth quarter. Invesco Ltd. now owns 155,851 shares of the financial services provider valued at $9,093,000 after acquiring an additional 38,549 shares last quarter. Institutional investors and hedge funds hold 72.77% of the company’s shares.

Several research analysts have published reports on the company. StockNews.com alleged coverage of Eagle Bancorp in a Thursday, March 31 research report. They set a “holding” rating for the company. Zacks Investment Research upgraded Eagle Bancorp from a “hold” rating to a “buy” rating and set a target price of $66.00 for the company in a Tuesday, March 22 research report.

Eagle Bancorp Company Profile (Get a rating)

Eagle Bancorp, Inc operates as a bank holding company for EagleBank which provides commercial and consumer banking services primarily in the United States. The Company also offers various consumer and commercial loan products including commercial loans for working capital, equipment purchase, home equity lines of credit and government contract financing; asset-based lending and accounts receivable financing; construction loans and commercial real estate; commercial equipment financing; consumer home equity lines of credit, personal lines of credit and term loans; consumer installment loans, such as car and personal loans; personal credit cards; and residential mortgages.

Read more

Earnings history for Eagle Bancorp (NASDAQ:EGBN)



Get news and reviews for Eagle Bancorp Daily – Enter your email address below to receive a concise daily summary of the latest news and analyst ratings for Eagle Bancorp and related companies with MarketBeat.com’s FREE daily newsletter.

LEAVE A REPLY

Please enter your comment!
Please enter your name here