Brokerages forecast that Eagle Bancorp, Inc. (NASDAQ:EGBN) will announce $1.08 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Eagle Bancorp’s earnings. The highest EPS estimate is $1.08 and the lowest is $1.07. Eagle Bancorp reported earnings per share of $1.17 in the same quarter last year, which would suggest a negative year over year growth rate of 7.7%. The company is scheduled to announce its next earnings results after the market closes on Wednesday, January 15th.

According to Zacks, analysts expect that Eagle Bancorp will report full year earnings of $4.19 per share for the current year. For the next year, analysts forecast that the company will report earnings of $4.35 per share, with EPS estimates ranging from $4.13 to $4.50. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Eagle Bancorp.

Eagle Bancorp (NASDAQ:EGBN) last issued its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.03. The firm had revenue of $87.30 million during the quarter, compared to analysts’ expectations of $81.08 million. Eagle Bancorp had a return on equity of 13.24% and a net margin of 32.62%. The firm’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the prior year, the business posted $1.13 EPS.

Several research analysts recently issued reports on EGBN shares. Stephens started coverage on Eagle Bancorp in a research report on Monday, January 6th. They set an “equal weight” rating and a $50.00 target price on the stock. BidaskClub raised Eagle Bancorp from a “hold” rating to a “buy” rating in a research report on Wednesday, December 18th. Zacks Investment Research raised Eagle Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, September 23rd. Boenning Scattergood lowered Eagle Bancorp from an “outperform” rating to a “neutral” rating and set a $46.00 target price on the stock. in a research report on Friday, October 18th. Finally, Janney Montgomery Scott lowered Eagle Bancorp from a “buy” rating to a “neutral” rating in a research report on Tuesday, September 24th. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $50.75.

Shares of NASDAQ EGBN traded up $0.29 during mid-day trading on Tuesday, reaching $48.22. 241,800 shares of the company were exchanged, compared to its average volume of 141,805. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.21. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 10.91, a P/E/G ratio of 1.59 and a beta of 0.90. Eagle Bancorp has a 1 year low of $37.08 and a 1 year high of $60.77. The firm has a 50-day moving average of $47.22 and a 200 day moving average of $45.00.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.82%. The ex-dividend date is Tuesday, January 14th. Eagle Bancorp’s dividend payout ratio is currently 19.91%.

Large investors have recently made changes to their positions in the stock. Versant Capital Management Inc increased its position in Eagle Bancorp by 84.4% during the 3rd quarter. Versant Capital Management Inc now owns 900 shares of the financial services provider’s stock valued at $40,000 after buying an additional 412 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Eagle Bancorp in the third quarter valued at about $164,000. 6 Meridian acquired a new position in shares of Eagle Bancorp in the third quarter valued at about $253,000. Everence Capital Management Inc. acquired a new position in shares of Eagle Bancorp in the third quarter valued at about $258,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Eagle Bancorp in the second quarter valued at about $302,000. 70.64% of the stock is currently owned by institutional investors.

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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