Eagle Bancorp, Inc. (NASDAQ:EGBN) – Boenning Scattergood boosted their FY2017 earnings per share (EPS) estimates for Eagle Bancorp in a research note issued on Thursday. Boenning Scattergood analyst M. Schultheis now forecasts that the financial services provider will post earnings of $3.31 per share for the year, up from their prior estimate of $3.21. Boenning Scattergood currently has a “Buy” rating on the stock. Boenning Scattergood also issued estimates for Eagle Bancorp’s Q4 2017 earnings at $0.84 EPS, Q1 2018 earnings at $0.87 EPS, Q2 2018 earnings at $0.87 EPS, Q3 2018 earnings at $0.89 EPS, Q4 2018 earnings at $0.92 EPS, FY2018 earnings at $3.55 EPS and FY2019 earnings at $3.90 EPS.

Eagle Bancorp (NASDAQ:EGBN) last announced its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.87 EPS for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.05. Eagle Bancorp had a return on equity of 12.59% and a net margin of 32.40%. The business had revenue of $71.94 million during the quarter, compared to the consensus estimate of $72.66 million. During the same period in the previous year, the company posted $0.72 earnings per share. The business’s revenue for the quarter was up 11.1% on a year-over-year basis.

COPYRIGHT VIOLATION WARNING: “Eagle Bancorp, Inc. to Post FY2017 Earnings of $3.31 Per Share, Boenning Scattergood Forecasts (EGBN)” was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece on another website, it was stolen and reposted in violation of U.S. and international copyright and trademark legislation. The original version of this piece can be viewed at https://www.thecerbatgem.com/2017/10/20/eagle-bancorp-inc-to-post-fy2017-earnings-of-3-31-per-share-boenning-scattergood-forecasts-egbn.html.

Other equities research analysts also recently issued reports about the company. Zacks Investment Research upgraded Eagle Bancorp from a “hold” rating to a “buy” rating and set a $69.00 price objective on the stock in a report on Tuesday, August 22nd. Keefe, Bruyette & Woods restated a “hold” rating and set a $64.00 price objective on shares of Eagle Bancorp in a report on Tuesday, October 3rd. Finally, BidaskClub upgraded Eagle Bancorp from a “sell” rating to a “hold” rating in a report on Friday, June 30th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $67.50.

Shares of Eagle Bancorp (EGBN) traded up 0.59% during trading on Friday, hitting $67.90. The stock had a trading volume of 52,789 shares. The company has a market cap of $2.32 billion, a P/E ratio of 22.12 and a beta of 0.74. Eagle Bancorp has a one year low of $47.20 and a one year high of $68.90. The stock’s 50-day moving average price is $65.12 and its 200-day moving average price is $61.92.

In other news, EVP Antonio F. Marquez sold 2,200 shares of Eagle Bancorp stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $63.04, for a total value of $138,688.00. Following the completion of the transaction, the executive vice president now owns 20,273 shares in the company, valued at approximately $1,278,009.92. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Ronald D. Paul sold 3,140 shares of Eagle Bancorp stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $62.19, for a total value of $195,276.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 129,209 shares of company stock valued at $8,288,287. Insiders own 8.39% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of EGBN. Prudential Financial Inc. boosted its position in Eagle Bancorp by 0.3% during the 1st quarter. Prudential Financial Inc. now owns 3,408 shares of the financial services provider’s stock valued at $203,000 after purchasing an additional 10 shares during the period. Alps Advisors Inc. boosted its position in Eagle Bancorp by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 7,889 shares of the financial services provider’s stock valued at $499,000 after purchasing an additional 21 shares during the period. First National Bank of Hutchinson boosted its position in Eagle Bancorp by 0.3% during the 2nd quarter. First National Bank of Hutchinson now owns 10,224 shares of the financial services provider’s stock valued at $649,000 after purchasing an additional 32 shares during the period. Trillium Asset Management LLC boosted its position in Eagle Bancorp by 0.3% during the 2nd quarter. Trillium Asset Management LLC now owns 18,185 shares of the financial services provider’s stock valued at $1,151,000 after purchasing an additional 48 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its position in Eagle Bancorp by 1.5% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 6,751 shares of the financial services provider’s stock valued at $427,000 after purchasing an additional 100 shares during the period. Institutional investors own 68.07% of the company’s stock.

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)

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.