Eagle Bancorp Inc. (NASDAQ:EGBN) is set to release its Q316 earnings data on Wednesday, October 19th.

Eagle Bancorp (NASDAQ:EGBN) last posted its quarterly earnings results on Wednesday, July 20th. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.04. Eagle Bancorp had a return on equity of 12.15% and a net margin of 30.91%. During the same quarter last year, the company posted $0.61 EPS. On average, analysts expect Eagle Bancorp to post $2.79 EPS for the current fiscal year and $2.97 EPS for the next fiscal year.

Earnings History for Eagle Bancorp (NASDAQ:EGBN)

Shares of Eagle Bancorp Inc. (NASDAQ:EGBN) opened at 48.96 on Monday. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 18.34 and a beta of 0.82. The company’s 50 day moving average price is $49.86 and its 200 day moving average price is $49.61. Eagle Bancorp Inc. has a 52-week low of $43.75 and a 52-week high of $55.56.

Separately, Zacks Investment Research raised Eagle Bancorp from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a report on Tuesday, September 20th.

In other news, Director Leslie M. Alperstein sold 5,000 shares of the stock in a transaction dated Friday, September 30th. The stock was sold at an average price of $49.24, for a total transaction of $246,200.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Dudley C. Dworken sold 1,167 shares of the stock in a transaction dated Friday, September 23rd. The shares were sold at an average price of $50.31, for a total value of $58,711.77. The disclosure for this sale can be found here. Insiders own 9.99% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. TIAA CREF Investment Management LLC raised its stake in Eagle Bancorp by 0.7% in the second quarter. TIAA CREF Investment Management LLC now owns 93,458 shares of the financial services provider’s stock worth $4,496,000 after buying an additional 606 shares during the period. American International Group Inc. raised its stake in Eagle Bancorp by 0.5% in the second quarter. American International Group Inc. now owns 17,607 shares of the financial services provider’s stock worth $847,000 after buying an additional 87 shares during the period. Sei Investments Co. raised its stake in Eagle Bancorp by 91.7% in the second quarter. Sei Investments Co. now owns 4,100 shares of the financial services provider’s stock worth $198,000 after buying an additional 1,961 shares during the period. Alliancebernstein L.P. raised its stake in Eagle Bancorp by 4.8% in the second quarter. Alliancebernstein L.P. now owns 46,090 shares of the financial services provider’s stock worth $2,217,000 after buying an additional 2,100 shares during the period. Finally, HighTower Advisors LLC raised its stake in Eagle Bancorp by 41.5% in the second quarter. HighTower Advisors LLC now owns 42,598 shares of the financial services provider’s stock worth $2,049,000 after buying an additional 12,487 shares during the period. 67.68% of the stock is currently owned by hedge funds and other institutional investors.

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.

5 Day Chart for NASDAQ:EGBN

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