Eagle Bancorp, Inc. (EGBN) Expected to Announce Earnings of $0.87 Per Share
Wall Street analysts expect that Eagle Bancorp, Inc. (NASDAQ:EGBN) will announce earnings per share (EPS) of $0.87 for the current quarter, according to Zacks. Two analysts have issued estimates for Eagle Bancorp’s earnings. The highest EPS estimate is $0.89 and the lowest is $0.84. Eagle Bancorp posted earnings of $0.75 per share during the same quarter last year, which would suggest a positive year over year growth rate of 16%. The company is expected to announce its next quarterly earnings results on Wednesday, January 17th.
On average, analysts expect that Eagle Bancorp will report full-year earnings of $3.33 per share for the current year, with EPS estimates ranging from $3.31 to $3.36. For the next financial year, analysts expect that the company will post earnings of $3.61 per share, with EPS estimates ranging from $3.55 to $3.65. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Eagle Bancorp.
Eagle Bancorp (NASDAQ:EGBN) last posted its earnings results on Wednesday, October 18th. The financial services provider reported $0.87 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.05. Eagle Bancorp had a return on equity of 12.37% and a net margin of 32.40%. The firm had revenue of $71.94 million for the quarter, compared to analyst estimates of $72.66 million. During the same period in the previous year, the company posted $0.72 earnings per share. The company’s revenue for the quarter was up 11.1% on a year-over-year basis.
Eagle Bancorp (EGBN) traded down $16.20 on Friday, hitting $49.95. The company’s stock had a trading volume of 4,884,500 shares, compared to its average volume of 133,911. Eagle Bancorp has a 1 year low of $46.20 and a 1 year high of $69.80. The firm has a market cap of $1,707.19, a P/E ratio of 15.61 and a beta of 0.87. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.05 and a quick ratio of 1.05.
In related news, Director Dudley C. Dworken sold 2,000 shares of Eagle Bancorp stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $67.00, for a total value of $134,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Ronald D. Paul sold 16,486 shares of Eagle Bancorp stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $63.60, for a total value of $1,048,509.60. The disclosure for this sale can be found here. Insiders sold a total of 152,553 shares of company stock worth $9,932,774 in the last three months. Company insiders own 8.39% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Eagle Bancorp by 158.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,896 shares of the financial services provider’s stock valued at $120,000 after acquiring an additional 1,162 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in shares of Eagle Bancorp by 38.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 2,874 shares of the financial services provider’s stock valued at $182,000 after acquiring an additional 800 shares during the last quarter. Zions Bancorporation acquired a new stake in shares of Eagle Bancorp in the third quarter valued at about $231,000. D.A. Davidson & CO. increased its position in shares of Eagle Bancorp by 49.9% in the second quarter. D.A. Davidson & CO. now owns 3,537 shares of the financial services provider’s stock valued at $223,000 after acquiring an additional 1,177 shares during the last quarter. Finally, Amalgamated Bank increased its position in shares of Eagle Bancorp by 7.5% in the second quarter. Amalgamated Bank now owns 4,052 shares of the financial services provider’s stock valued at $256,000 after acquiring an additional 283 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.
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.
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