Q3 2017 Earnings Estimate for Eagle Bancorp, Inc. Issued By FIG Partners (EGBN)
Eagle Bancorp, Inc. (NASDAQ:EGBN) – Equities researchers at FIG Partners increased their Q3 2017 EPS estimates for Eagle Bancorp in a research report issued to clients and investors on Friday. FIG Partners analyst D. Bishop now anticipates that the financial services provider will post earnings per share of $0.85 for the quarter, up from their prior estimate of $0.83. FIG Partners currently has a “Outperform” rating and a $66.00 target price on the stock. FIG Partners also issued estimates for Eagle Bancorp’s Q4 2017 earnings at $0.87 EPS, FY2017 earnings at $3.22 EPS, Q1 2018 earnings at $0.86 EPS, Q2 2018 earnings at $0.89 EPS, Q3 2018 earnings at $0.92 EPS, Q4 2018 earnings at $0.94 EPS and FY2018 earnings at $3.61 EPS.
Eagle Bancorp (NASDAQ:EGBN) last issued its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.04. The business had revenue of $76.72 million during the quarter, compared to the consensus estimate of $75.41 million. Eagle Bancorp had a return on equity of 12.39% and a net margin of 31.79%. During the same period in the previous year, the firm posted $0.71 earnings per share.
WARNING: This article was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this article on another publication, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The legal version of this article can be viewed at https://www.thecerbatgem.com/2017/08/19/q3-2017-earnings-estimate-for-eagle-bancorp-inc-issued-by-fig-partners-egbn-updated-updated-updated.html.
Several other analysts have also weighed in on EGBN. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $64.00 price objective on shares of Eagle Bancorp in a report on Wednesday, April 5th. Zacks Investment Research raised shares of Eagle Bancorp from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a report on Thursday, April 20th. Finally, BidaskClub raised shares of Eagle Bancorp from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Eagle Bancorp currently has an average rating of “Hold” and a consensus target price of $66.75.
Eagle Bancorp (EGBN) opened at 63.10 on Monday. Eagle Bancorp has a 12 month low of $47.20 and a 12 month high of $65.00. The stock’s 50 day moving average price is $62.40 and its 200 day moving average price is $60.52. The firm has a market capitalization of $2.16 billion, a P/E ratio of 20.55 and a beta of 0.71.
Several hedge funds have recently added to or reduced their stakes in EGBN. First Trust Advisors LP boosted its stake in Eagle Bancorp by 31.0% in the first quarter. First Trust Advisors LP now owns 86,718 shares of the financial services provider’s stock valued at $5,177,000 after buying an additional 20,501 shares during the period. Trillium Asset Management LLC boosted its stake in Eagle Bancorp by 1.9% in the first quarter. Trillium Asset Management LLC now owns 18,137 shares of the financial services provider’s stock valued at $1,083,000 after buying an additional 333 shares during the period. Jennison Associates LLC boosted its stake in Eagle Bancorp by 58.5% in the first quarter. Jennison Associates LLC now owns 846,125 shares of the financial services provider’s stock valued at $50,514,000 after buying an additional 312,235 shares during the period. Burt Wealth Advisors boosted its stake in Eagle Bancorp by 4.8% in the first quarter. Burt Wealth Advisors now owns 3,235 shares of the financial services provider’s stock valued at $193,000 after buying an additional 148 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in Eagle Bancorp by 13.1% in the first quarter. Wells Fargo & Company MN now owns 105,023 shares of the financial services provider’s stock valued at $6,270,000 after buying an additional 12,196 shares during the period. 66.90% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Leland M. Weinstein sold 8,295 shares of the stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $62.22, for a total transaction of $516,114.90. Following the sale, the director now directly owns 72,469 shares of the company’s stock, valued at $4,509,021.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ronald D. Paul sold 7,791 shares of the stock in a transaction that occurred on Thursday, June 29th. The shares were sold at an average price of $63.50, for a total transaction of $494,728.50. The disclosure for this sale can be found here. Insiders have sold 32,218 shares of company stock worth $2,028,829 over the last three months. 8.39% of the stock is owned by insiders.
Eagle Bancorp Company Profile
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. As of December 31, 2016, the Bank operated 21 banking offices: seven in Montgomery County, Maryland; five located in the District of Columbia, and nine in Northern Virginia.
Receive News & Stock Ratings for Eagle Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eagle Bancorp Inc. and related stocks with our FREE daily email newsletter.