Eagle Bancorp (NASDAQ:EGBN) announced its earnings results on Wednesday. The financial services provider reported $1.08 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.05), Briefing.com reports. The company had revenue of $87.70 million for the quarter, compared to analyst estimates of $82.37 million. Eagle Bancorp had a return on equity of 13.77% and a net margin of 33.71%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the business posted $1.09 earnings per share.
NASDAQ EGBN opened at $39.63 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.05 and a debt-to-equity ratio of 0.21. Eagle Bancorp has a 12-month low of $38.67 and a 12-month high of $60.77. The firm has a market capitalization of $1.35 billion, a P/E ratio of 8.72, a PEG ratio of 1.08 and a beta of 0.92. The firm has a 50 day simple moving average of $53.79.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Amalgamated Bank acquired a new stake in shares of Eagle Bancorp in the fourth quarter valued at approximately $238,000. Geode Capital Management LLC raised its holdings in shares of Eagle Bancorp by 5.9% in the fourth quarter. Geode Capital Management LLC now owns 359,231 shares of the financial services provider’s stock valued at $17,498,000 after purchasing an additional 19,912 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Eagle Bancorp by 513.6% in the fourth quarter. Legal & General Group Plc now owns 74,821 shares of the financial services provider’s stock valued at $3,651,000 after purchasing an additional 62,627 shares during the last quarter. Surevest Inc. acquired a new stake in shares of Eagle Bancorp in the fourth quarter valued at approximately $1,476,000. Finally, Great West Life Assurance Co. Can raised its holdings in shares of Eagle Bancorp by 827.4% in the fourth quarter. Great West Life Assurance Co. Can now owns 41,457 shares of the financial services provider’s stock valued at $1,866,000 after purchasing an additional 36,987 shares during the last quarter. Institutional investors own 76.01% of the company’s stock.
Several brokerages have commented on EGBN. Piper Jaffray Companies downgraded shares of Post from an “overweight” rating to a “neutral” rating in a report on Friday. BidaskClub downgraded shares of Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a report on Monday, June 24th. Sandler O’Neill restated a “hold” rating on shares of Eagle Bancorp in a report on Thursday. ValuEngine downgraded shares of United Rentals from a “sell” rating to a “strong sell” rating in a report on Thursday. Finally, Stephens set a $22.00 target price on shares of Home Bancshares and gave the stock a “buy” rating in a report on Monday, April 22nd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. Eagle Bancorp currently has an average rating of “Hold” and an average target price of $60.33.
Eagle Bancorp Company Profile
Eagle Bancorp, Inc operates as the bank holding company for EagleBank that provides commercial and consumer banking services primarily in the United States. It accepts business and personal checking, NOW, tiered savings, and money market accounts, as well as individual retirement and investment sweep accounts; and time deposits.
Further Reading: Capital Gains
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