Eagle Bancorp (NASDAQ:EGBN) is set to issue its quarterly earnings data after the market closes on Tuesday, January 16th. Analysts expect the company to announce earnings of $0.86 per share for the quarter.
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, beating the consensus estimate of $0.82 by $0.05. Eagle Bancorp had a net margin of 32.40% and a return on equity of 12.37%. 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 business earned $0.72 earnings per share. The company’s revenue was up 11.1% on a year-over-year basis. On average, analysts expect Eagle Bancorp to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Eagle Bancorp (EGBN) opened at $61.45 on Friday. Eagle Bancorp has a 1 year low of $46.20 and a 1 year high of $69.80. The company has a market cap of $2,100.00, a P/E ratio of 19.32 and a beta of 0.87. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.05 and a current ratio of 1.05.
EGBN has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of Eagle Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, September 18th. Keefe, Bruyette & Woods restated a “hold” rating and set a $64.00 price objective on shares of Eagle Bancorp in a research report on Tuesday, October 3rd. Boenning Scattergood restated a “buy” rating on shares of Eagle Bancorp in a research report on Thursday, October 19th. Finally, BidaskClub upgraded shares of 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, four have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $67.75.
In other news, Director Harvey Michael Goodman sold 3,000 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $67.00, for a total transaction of $201,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ronald D. Paul sold 5,000 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $66.47, for a total transaction of $332,350.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 39,959 shares of company stock valued at $2,682,251. Company 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.
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