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.
ILLEGAL ACTIVITY NOTICE: “Eagle Bancorp, Inc. (NASDAQ:EGBN) to Release Earnings on Wednesday” was originally published by Community Financial News and is owned by of Community Financial News. If you are reading this story on another publication, it was illegally stolen and republished in violation of US & international trademark and copyright law. The legal version of this story can be read at https://www.com-unik.info/2017/07/18/eagle-bancorp-inc-nasdaqegbn-to-release-earnings-on-wednesday.html.
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.
What are top analysts saying about Eagle Bancorp Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Eagle Bancorp Inc. and related companies.