Brokerages predict that Eagle Bancorp, Inc. (NASDAQ:EGBN) will announce earnings per share of $1.08 for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Eagle Bancorp’s earnings, with the lowest EPS estimate coming in at $1.05 and the highest estimate coming in at $1.11. Eagle Bancorp posted earnings of $0.87 per share in the same quarter last year, which indicates a positive year over year growth rate of 24.1%. The firm is expected to issue its next earnings report on Wednesday, October 17th.

On average, analysts expect that Eagle Bancorp will report full-year earnings of $4.35 per share for the current year, with EPS estimates ranging from $4.25 to $4.40. For the next year, analysts forecast that the company will post earnings of $4.68 per share, with EPS estimates ranging from $4.50 to $4.75. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow Eagle Bancorp.

Eagle Bancorp (NASDAQ:EGBN) last released its quarterly earnings data on Wednesday, July 18th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.08. Eagle Bancorp had a net margin of 31.06% and a return on equity of 13.67%. The company had revenue of $83.80 million during the quarter, compared to the consensus estimate of $77.84 million. During the same period in the previous year, the firm earned $0.81 earnings per share. Eagle Bancorp’s revenue for the quarter was up 9.3% on a year-over-year basis.

Several equities research analysts have issued reports on EGBN shares. ValuEngine downgraded shares of Eagle Bancorp from a “sell” rating to a “strong sell” rating in a research note on Friday, July 20th. BidaskClub downgraded shares of Eagle Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, July 20th. Stephens reiterated a “buy” rating and set a $68.00 price objective on shares of Eagle Bancorp in a research note on Friday, July 20th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $65.00 price objective on shares of Eagle Bancorp in a research note on Friday, July 20th. Finally, Zacks Investment Research upgraded shares of Eagle Bancorp from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a research note on Wednesday, June 20th. Three analysts have rated the stock with a sell rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $69.85.

Several hedge funds and other institutional investors have recently bought and sold shares of EGBN. Wells Fargo & Company MN lifted its position in shares of Eagle Bancorp by 8.9% during the first quarter. Wells Fargo & Company MN now owns 135,836 shares of the financial services provider’s stock worth $8,130,000 after purchasing an additional 11,110 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Eagle Bancorp during the first quarter worth $161,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Eagle Bancorp during the first quarter worth $133,000. State Board of Administration of Florida Retirement System lifted its position in shares of Eagle Bancorp by 8.2% during the first quarter. State Board of Administration of Florida Retirement System now owns 11,275 shares of the financial services provider’s stock worth $675,000 after purchasing an additional 853 shares in the last quarter. Finally, Swiss National Bank lifted its position in shares of Eagle Bancorp by 2.2% during the first quarter. Swiss National Bank now owns 56,532 shares of the financial services provider’s stock worth $3,383,000 after purchasing an additional 1,200 shares in the last quarter. 69.48% of the stock is currently owned by institutional investors and hedge funds.

EGBN traded up $0.15 during trading on Wednesday, hitting $52.80. 5,846 shares of the company’s stock were exchanged, compared to its average volume of 128,594. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.21. Eagle Bancorp has a 1 year low of $46.20 and a 1 year high of $69.80. The company has a market cap of $1.82 billion, a P/E ratio of 15.78 and a beta of 0.64.

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.

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Earnings History and Estimates for Eagle Bancorp (NASDAQ:EGBN)

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