Equities Analysts Set Expectations for Eagle Bancorp Inc.’s Q1 2017 Earnings (EGBN)
Eagle Bancorp Inc. (NASDAQ:EGBN) – Stock analysts at Boenning Scattergood issued their Q1 2017 EPS estimates for Eagle Bancorp in a research note issued to investors on Thursday. Boenning Scattergood analyst M. Schultheis anticipates that the firm will post earnings of $0.70 per share for the quarter. Boenning Scattergood also issued estimates for Eagle Bancorp’s Q2 2017 earnings at $0.72 EPS, Q3 2017 earnings at $0.74 EPS, Q4 2017 earnings at $0.76 EPS and FY2018 earnings at $3.14 EPS.
Separately, Zacks Investment Research raised shares of Eagle Bancorp from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a report on Tuesday, September 20th.
Eagle Bancorp (NASDAQ:EGBN) opened at 48.96 on Friday. Eagle Bancorp has a 52 week low of $43.75 and a 52 week high of $55.56. The stock’s 50 day moving average is $49.86 and its 200-day moving average is $49.61. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 18.34 and a beta of 0.82.
Eagle Bancorp (NASDAQ:EGBN) last issued its quarterly earnings results on Wednesday, July 20th. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. Eagle Bancorp had a net margin of 30.91% and a return on equity of 12.15%. During the same quarter last year, the business earned $0.61 EPS.
Several hedge funds and other institutional investors have recently bought and sold shares of EGBN. BlackRock Inc. increased its position in Eagle Bancorp by 101.1% in the first quarter. BlackRock Inc. now owns 2,214 shares of the financial services provider’s stock worth $106,000 after buying an additional 1,113 shares during the last quarter. BlackRock Group LTD increased its position in Eagle Bancorp by 17.4% in the first quarter. BlackRock Group LTD now owns 26,723 shares of the financial services provider’s stock worth $1,283,000 after buying an additional 3,959 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its position in Eagle Bancorp by 3.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 874,167 shares of the financial services provider’s stock worth $41,960,000 after buying an additional 27,778 shares during the last quarter. State Street Corp increased its position in Eagle Bancorp by 25.3% in the first quarter. State Street Corp now owns 603,991 shares of the financial services provider’s stock worth $28,994,000 after buying an additional 122,105 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in Eagle Bancorp by 7.8% in the first quarter. Goldman Sachs Group Inc. now owns 2,596,262 shares of the financial services provider’s stock worth $124,620,000 after buying an additional 187,807 shares during the last quarter. Institutional investors own 67.68% of the company’s stock.
In other news, Director Leslie M. Alperstein sold 5,000 shares of the firm’s stock in a transaction dated Friday, September 30th. The shares were sold at an average price of $49.24, for a total value of $246,200.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Dudley C. Dworken sold 1,167 shares of the firm’s stock in a transaction dated Friday, September 23rd. The stock was sold at an average price of $50.31, for a total transaction of $58,711.77. The disclosure for this sale can be found here. Company insiders own 9.99% of the company’s stock.
About Eagle Bancorp
Eagle Bancorp, Inc is a bank holding company for EagleBank (the Bank). The Bank is the Company’s principal operating subsidiary. The Bank is a chartered commercial bank, which operates over 20 banking offices in Montgomery County, Maryland; District of Columbia, and Northern Virginia. The Bank offers a range of commercial banking services to its business and professional clients, as well as consumer banking services to individuals living or working in the service area.
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