Eagle Bancorp, Inc. (EGBN) to Release Quarterly Earnings on Tuesday
Eagle Bancorp, Inc. (NASDAQ:EGBN) is scheduled to be announcing its earnings results after the market closes on Tuesday, October 17th. Analysts expect the company to announce earnings of $0.81 per share for the quarter.
Eagle Bancorp (NASDAQ:EGBN) last released its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.04. The business had revenue of $76.72 million during the quarter, compared to analyst estimates of $75.41 million. Eagle Bancorp had a return on equity of 12.17% and a net margin of 31.79%. During the same period in the prior year, the firm posted $0.71 EPS. On average, analysts expect Eagle Bancorp to post $3.25 EPS for the current fiscal year and $3.55 EPS for the next fiscal year.
Shares of Eagle Bancorp, Inc. (EGBN) opened at 68.05 on Friday. Eagle Bancorp, Inc. has a 52-week low of $47.20 and a 52-week high of $68.90. The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of 22.17 and a beta of 0.74. The company has a 50-day moving average price of $64.55 and a 200-day moving average price of $61.70.
In other news, Director Leslie M. Alperstein sold 4,212 shares of the business’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $67.38, for a total value of $283,804.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Ronald D. Paul sold 706 shares of the business’s stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $64.12, for a total value of $45,268.72. The disclosure for this sale can be found here. Insiders sold 139,209 shares of company stock valued at $8,919,987 in the last 90 days. Company insiders own 8.39% of the company’s stock.
Several research firms have commented on EGBN. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $64.00 target price on shares of Eagle Bancorp in a report on Tuesday, October 3rd. Zacks Investment Research cut Eagle Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, September 18th. Finally, BidaskClub upgraded Eagle Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $67.50.
About Eagle Bancorp
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.
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