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.

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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.

Earnings History and Estimates for Eagle Bancorp (NASDAQ:EGBN)

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