Wall Street analysts expect Eagle Bancorp, Inc. (NASDAQ:EGBN) to post sales of $88.31 million for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Eagle Bancorp’s earnings. The highest sales estimate is $92.20 million and the lowest is $86.37 million. Eagle Bancorp posted sales of $91.30 million during the same quarter last year, which would suggest a negative year over year growth rate of 3.3%. The firm is expected to announce its next earnings report after the market closes on Wednesday, January 19th.
On average, analysts expect that Eagle Bancorp will report full-year sales of $361.86 million for the current fiscal year, with estimates ranging from $357.10 million to $368.40 million. For the next financial year, analysts expect that the company will post sales of $352.37 million, with estimates ranging from $341.88 million to $360.00 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Eagle Bancorp.
Eagle Bancorp (NASDAQ:EGBN) last issued its earnings results on Tuesday, October 19th. The financial services provider reported $1.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.17 by $0.19. Eagle Bancorp had a return on equity of 13.54% and a net margin of 42.16%. The firm had revenue of $87.34 million for the quarter, compared to analysts’ expectations of $88.67 million. During the same quarter last year, the business earned $1.28 earnings per share.
Shares of NASDAQ:EGBN traded up $0.46 during trading on Friday, hitting $63.18. 185,153 shares of the company’s stock traded hands, compared to its average volume of 137,993. Eagle Bancorp has a 52 week low of $41.90 and a 52 week high of $63.84. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.05. The company has a market cap of $2.02 billion, a price-to-earnings ratio of 11.55 and a beta of 1.05. The company has a 50-day moving average price of $58.57 and a 200-day moving average price of $57.21.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 31st. Investors of record on Wednesday, January 19th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, January 18th. This represents a $1.60 annualized dividend and a dividend yield of 2.53%. Eagle Bancorp’s dividend payout ratio is currently 29.47%.
A number of institutional investors and hedge funds have recently modified their holdings of EGBN. Advisor Group Holdings Inc. increased its stake in shares of Eagle Bancorp by 1.1% in the third quarter. Advisor Group Holdings Inc. now owns 16,605 shares of the financial services provider’s stock valued at $973,000 after buying an additional 176 shares during the period. Captrust Financial Advisors increased its stake in shares of Eagle Bancorp by 17.7% in the third quarter. Captrust Financial Advisors now owns 1,354 shares of the financial services provider’s stock valued at $78,000 after buying an additional 204 shares during the period. Profund Advisors LLC increased its stake in shares of Eagle Bancorp by 6.4% in the second quarter. Profund Advisors LLC now owns 4,347 shares of the financial services provider’s stock valued at $243,000 after buying an additional 261 shares during the period. Public Sector Pension Investment Board increased its stake in shares of Eagle Bancorp by 0.4% in the second quarter. Public Sector Pension Investment Board now owns 65,310 shares of the financial services provider’s stock valued at $3,663,000 after buying an additional 270 shares during the period. Finally, Hancock Whitney Corp increased its stake in shares of Eagle Bancorp by 3.3% in the second quarter. Hancock Whitney Corp now owns 8,645 shares of the financial services provider’s stock valued at $485,000 after buying an additional 279 shares during the period. 73.04% of the stock is owned by institutional investors and hedge funds.
About Eagle Bancorp
Eagle Bancorp, Inc is a bank holding company, which engages in the provision of commercial banking services. The firm offers checking accounts, business savings accounts, online and mobile banking, insurance, and investment advisory services; borrowing; and treasury management. Its customers include sole proprietors, small and medium-sized businesses, partnerships, corporations, non-profit organizations and associations, and investors living and working in and near the bank’s primary service area.
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