Wall Street analysts expect that Eagle Bancorp, Inc. (NASDAQ:EGBN) will report $1.08 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Eagle Bancorp’s earnings, with the highest EPS estimate coming in at $1.11 and the lowest estimate coming in at $1.05. Eagle Bancorp reported earnings of $0.87 per share in the same quarter last year, which would indicate a positive year over year growth rate of 24.1%. The firm is scheduled to issue its next earnings results after the market closes on Wednesday, October 17th.

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

Eagle Bancorp (NASDAQ:EGBN) last announced its quarterly earnings results on Wednesday, July 18th. The financial services provider reported $1.08 EPS for the quarter, hitting the Thomson Reuters’ 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 for the quarter, compared to analyst estimates of $77.84 million. During the same quarter in the prior year, the business posted $0.81 EPS. Eagle Bancorp’s quarterly revenue was up 9.3% on a year-over-year basis.

Several brokerages have recently commented on EGBN. Zacks Investment Research lowered shares of Eagle Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, September 18th. Gabelli started coverage on shares of Eagle Bancorp in a report on Monday, August 27th. They set a “buy” rating and a $74.00 price objective for the company. BidaskClub downgraded shares of Eagle Bancorp from a “sell” rating to a “strong sell” rating in a report on Friday, August 3rd. ValuEngine downgraded shares of Eagle Bancorp from a “sell” rating to a “strong sell” rating in a report on Friday, July 20th. Finally, Stephens reaffirmed a “buy” rating and set a $68.00 price objective on shares of Eagle Bancorp in a report on Friday, July 20th. Three analysts have rated the stock with a sell rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $69.85.

Several hedge funds and other institutional investors have recently bought and sold shares of EGBN. Wells Fargo & Company MN boosted its holdings in shares of Eagle Bancorp by 8.9% during the 1st quarter. Wells Fargo & Company MN now owns 135,836 shares of the financial services provider’s stock worth $8,130,000 after buying an additional 11,110 shares during the period. SG Americas Securities LLC bought a new stake in shares of Eagle Bancorp during the 1st quarter worth $161,000. Schwab Charles Investment Management Inc. boosted its holdings in shares of Eagle Bancorp by 1.6% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 151,156 shares of the financial services provider’s stock worth $9,047,000 after buying an additional 2,448 shares during the period. Aperio Group LLC boosted its holdings in shares of Eagle Bancorp by 86.3% during the 1st quarter. Aperio Group LLC now owns 16,050 shares of the financial services provider’s stock worth $961,000 after buying an additional 7,437 shares during the period. Finally, Federated Investors Inc. PA boosted its holdings in shares of Eagle Bancorp by 1,398.6% during the 1st quarter. Federated Investors Inc. PA now owns 2,083 shares of the financial services provider’s stock worth $125,000 after buying an additional 1,944 shares during the period. 69.47% of the stock is owned by institutional investors and hedge funds.

Shares of EGBN traded down $1.09 during mid-day trading on Friday, hitting $48.32. 257,493 shares of the company’s stock were exchanged, compared to its average volume of 136,730. Eagle Bancorp has a twelve month low of $46.20 and a twelve month high of $69.80. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of 14.42 and a beta of 0.61. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.21.

About Eagle Bancorp

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.

Recommended Story: Fundamental Analysis and Individual Investors

Get a free copy of the Zacks research report on Eagle Bancorp (EGBN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Eagle Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eagle Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.