Eagle Bancorp (EGBN) Set to Announce Earnings on Tuesday

Eagle Bancorp (NASDAQ:EGBN) will post its quarterly earnings results after the market closes on Tuesday, January 16th. Analysts expect Eagle Bancorp to post earnings of $0.86 per share for the quarter.

Eagle Bancorp (NASDAQ:EGBN) last announced its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.05. The company had revenue of $71.94 million during the quarter, compared to the consensus estimate of $72.66 million. Eagle Bancorp had a net margin of 32.40% and a return on equity of 12.37%. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.72 earnings per share. 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 (NASDAQ EGBN) opened at $61.45 on Friday. The stock has a market cap of $2,100.00, a price-to-earnings 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. Eagle Bancorp has a 1-year low of $46.20 and a 1-year high of $69.80.

In related news, Director Harvey Michael Goodman sold 3,000 shares of the business’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $67.00, for a total value of $201,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Dudley C. Dworken sold 2,000 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was 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. In the last three months, insiders sold 39,959 shares of company stock worth $2,682,251. 8.39% of the stock is currently owned by insiders.

Several research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Eagle Bancorp from a “hold” rating to a “strong-buy” rating and set a $71.00 price target for the company in a report on Friday. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $66.00 price target on shares of Eagle Bancorp in a report on Friday, December 22nd. BidaskClub upgraded shares of Eagle Bancorp from a “sell” rating to a “hold” rating in a report on Friday, December 15th. Finally, Boenning Scattergood reissued a “buy” rating on shares of Eagle Bancorp in a research note on Thursday, October 19th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $67.75.

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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 for Eagle Bancorp (NASDAQ:EGBN)

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