Eagle Bancorp, Inc. (NASDAQ:EGBN) to Release Earnings on Wednesday

Eagle Bancorp, Inc. (NASDAQ:EGBN) is set to post its quarterly earnings results after the market closes on Wednesday, July 19th. Analysts expect Eagle Bancorp to post earnings of $0.77 per share for the quarter.

Eagle Bancorp (NASDAQ:EGBN) last released its earnings results on Tuesday, April 18th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.03. The business had revenue of $73 million for the quarter, compared to analyst estimates of $68.19 million. Eagle Bancorp had a return on equity of 12.15% and a net margin of 31.55%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 earnings per share. On average, analysts expect Eagle Bancorp to post $3.19 EPS for the current fiscal year and $3.70 EPS for the next fiscal year.

Eagle Bancorp, Inc. (NASDAQ EGBN) opened at 62.00 on Tuesday. The firm has a market cap of $2.11 billion, a price-to-earnings ratio of 20.88 and a beta of 0.71. The stock has a 50 day moving average price of $60.13 and a 200-day moving average price of $60.38. Eagle Bancorp, Inc. has a 12-month low of $47.20 and a 12-month high of $65.00.

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In other news, Director Leland M. Weinstein sold 8,295 shares of Eagle Bancorp stock in a transaction on Friday, June 9th. The stock was sold at an average price of $62.22, for a total transaction of $516,114.90. Following the transaction, the director now directly owns 72,469 shares in the company, valued at approximately $4,509,021.18. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Leland M. Weinstein sold 3,932 shares of Eagle Bancorp stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $62.97, for a total value of $247,598.04. Following the transaction, the director now owns 64,274 shares in the company, valued at $4,047,333.78. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,018 shares of company stock worth $1,258,441. 8.39% of the stock is owned by insiders.

A number of brokerages have recently weighed in on EGBN. BidaskClub cut Eagle Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Zacks Investment Research upgraded Eagle Bancorp from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a research report on Wednesday, June 28th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $64.00 target price on shares of Eagle Bancorp in a research report on Friday, May 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. Eagle Bancorp has an average rating of “Hold” and an average price target of $66.75.

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 for Eagle Bancorp (NASDAQ:EGBN)

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