Wall Street analysts expect Eagle Bancorp, Inc. (NASDAQ:EGBN – Get a rating) to report $88.99 million in sales for the current quarter, Zacks reports. Three analysts provided earnings estimates for Eagle Bancorp. The lowest sales estimate is $88.00 million and the highest is $90.38 million. Eagle Bancorp reported sales of $95.56 million in the same quarter last year, suggesting a negative 6.9% year-over-year growth rate. The company is expected to release its next quarterly results on Monday, January 1.
According to Zacks, analysts expect Eagle Bancorp to report full-year sales of $357.70 million for the current fiscal year, with estimates ranging from $350.30 to $363.69 million. For next year, analysts expect the company to post sales of $386.13 million, with estimates ranging from $370.90 million to $396.00 million. Zacks sales calculations are an average based on a survey of analysts who follow Eagle Bancorp.
Eagle Bancorp (NASDAQ:EGBN – Get a rating) last released its results on Wednesday, April 20. The financial services provider reported earnings per share of $1.42 for the quarter, beating the Zacks consensus estimate of $1.06 by $0.36. Eagle Bancorp had a net margin of 43.64% and a return on equity of 13.46%. During the same quarter last year, the company posted EPS of $1.36.
Several stock analysts have recently commented on the company. StockNews.com launched a coverage on Eagle Bancorp in a research report on Thursday, March 31. They set a “hold” rating for the company. Zacks Investment Research upgraded Eagle Bancorp from a “hold” rating to a “buy” rating and set a price target of $66.00 for the company in a report released Tuesday, March 22.
Eagle Bancorp shares opened at $55.97 on Friday. The company has a debt ratio of 0.05, a quick ratio of 0.84 and a current ratio of 0.85. Eagle Bancorp has a fifty-two week low of $50.92 and a fifty-two week high of $63.84. The stock has a market capitalization of $1.79 billion, a P/E ratio of 10.14 and a beta of 0.97. The company’s fifty-day moving average price is $57.75 and its 200-day moving average price is $58.50.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 29. Shareholders of record on Monday, April 11 will receive a dividend of $0.40 per share. This represents a dividend of $1.60 on an annualized basis and a dividend yield of 2.86%. The ex-date of this dividend is Friday, April 8. Eagle Bancorp’s dividend payout ratio is currently 28.99%.
A number of institutional investors and hedge funds have recently increased or reduced their holdings in EGBN. Thrivent Financial for Lutherans increased its position in Eagle Bancorp by 0.6% during the fourth quarter. Thrivent Financial for Lutherans now owns 25,999 shares of the financial services provider valued at $1,517,000 after buying an additional 165 shares last quarter. Advisor Group Holdings Inc. increased its position in Eagle Bancorp shares by 1.1% during the third quarter. Advisor Group Holdings Inc. now owns 16,605 shares of the financial services provider valued at $973,000 after buying an additional 176 shares in the last quarter. Captrust Financial Advisors increased its stake in Eagle Bancorp shares by 17.7% during the third quarter. Captrust Financial Advisors now owns 1,354 shares of the financial services provider valued at $78,000 after buying an additional 204 shares last quarter. The Manufacturers Life Insurance Company increased its position in Eagle Bancorp by 1.7% in the fourth quarter. The Manufacturers Life Insurance Company now owns 15,142 shares of the financial services provider worth $883,000 after buying 251 more shares in the last quarter. Finally, State of New Jersey Common Pension Fund D increased its stake in Eagle Bancorp by 0.6% in the fourth quarter. New Jersey State Joint Pension Fund D now owns 47,507 shares of the financial services provider worth $2,772,000 after buying 273 more shares last quarter. 72.77% of the shares are currently held by institutional investors and hedge funds.
About Eagle Bancorp (Get a rating)
Eagle Bancorp, Inc operates as a bank holding company for EagleBank which provides commercial and consumer banking services primarily in the United States. The Company also offers various consumer and commercial loan products including commercial loans for working capital, equipment purchase, home equity lines of credit and government contract financing; asset-based lending and accounts receivable financing; construction loans and commercial real estate; commercial equipment financing; consumer home equity lines of credit, personal lines of credit and term loans; consumer installment loans, such as car and personal loans; personal credit cards; and residential mortgages.
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