Eagle Bancorp, Inc. (NASDAQ:EGBN) – Analysts at FIG Partners raised their Q1 2018 earnings estimates for Eagle Bancorp in a note issued to investors on Friday. FIG Partners analyst D. Bishop now expects that the financial services provider will post earnings of $1.06 per share for the quarter, up from their previous forecast of $0.99. FIG Partners also issued estimates for Eagle Bancorp’s Q2 2018 earnings at $1.10 EPS, Q3 2018 earnings at $1.14 EPS, Q4 2018 earnings at $1.16 EPS, FY2018 earnings at $4.46 EPS, Q1 2019 earnings at $1.15 EPS, Q2 2019 earnings at $1.20 EPS, Q3 2019 earnings at $1.26 EPS, Q4 2019 earnings at $1.30 EPS and FY2019 earnings at $4.92 EPS.

Eagle Bancorp (NASDAQ:EGBN) last announced its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.02. The company had revenue of $84.86 million for the quarter, compared to the consensus estimate of $80.80 million. Eagle Bancorp had a return on equity of 12.65% and a net margin of 28.32%.

Several other brokerages also recently weighed in on EGBN. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $64.00 price target on shares of Eagle Bancorp in a research report on Tuesday, October 3rd. Zacks Investment Research raised Eagle Bancorp from a “hold” rating to a “buy” rating and set a $76.00 price target on the stock in a research report on Friday, October 20th. Boenning Scattergood reaffirmed a “buy” rating on shares of Eagle Bancorp in a research report on Thursday, October 19th. Stephens raised Eagle Bancorp from an “equal weight” rating to an “overweight” rating and set a $69.00 price target on the stock in a research report on Friday. Finally, BidaskClub raised Eagle Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, December 15th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $68.00.

Shares of Eagle Bancorp (NASDAQ EGBN) opened at $64.95 on Monday. The firm has a market capitalization of $2,219.86, a PE ratio of 22.24 and a beta of 0.88. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.05 and a current ratio of 1.05. Eagle Bancorp has a 12-month low of $46.20 and a 12-month high of $69.80.

Institutional investors have recently modified their holdings of the stock. D.A. Davidson & CO. lifted its stake in Eagle Bancorp by 49.9% in the 2nd quarter. D.A. Davidson & CO. now owns 3,537 shares of the financial services provider’s stock valued at $223,000 after buying an additional 1,177 shares in the last quarter. Zions Bancorporation purchased a new position in Eagle Bancorp in the 3rd quarter valued at about $231,000. Amalgamated Bank lifted its stake in Eagle Bancorp by 7.5% in the 2nd quarter. Amalgamated Bank now owns 4,052 shares of the financial services provider’s stock valued at $256,000 after buying an additional 283 shares in the last quarter. Menta Capital LLC purchased a new position in Eagle Bancorp in the 2nd quarter worth approximately $266,000. Finally, Oppenheimer Asset Management Inc. lifted its stake in Eagle Bancorp by 38.0% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 3,966 shares of the financial services provider’s stock worth $266,000 after purchasing an additional 1,092 shares in the last quarter. 68.23% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO Ronald D. Paul sold 14,959 shares of the firm’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $67.05, for a total value of $1,003,000.95. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Dudley C. Dworken sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $67.00, for a total transaction of $134,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 39,959 shares of company stock worth $2,682,251 over the last 90 days. Insiders own 8.39% of the company’s stock.

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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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