Equity research analysts expect Eagle Bancorp, Inc. (NASDAQ:EGBN – Get a rating) will report earnings per share (EPS) of $1.07 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have released earnings estimates for Eagle Bancorp. The lowest EPS estimate is $1.05 and the highest is $1.09. Eagle Bancorp reported earnings per share of $1.36 in the same quarter last year, suggesting a negative 21.3% year-over-year growth rate. The company is due to announce its next results on Monday, January 1.
On average, analysts expect Eagle Bancorp to report annual earnings of $4.47 per share for the current fiscal year, with EPS estimates ranging from $4.39 to $4.58. For next year, analysts expect the company to post earnings of $4.89 per share, with EPS estimates ranging from $4.75 to $5.06. Zacks earnings per share averages are an average based on a survey of analysts who follow Eagle Bancorp.
Eagle Bancorp (NASDAQ:EGBN – Get a rating) last announced its quarterly results on Wednesday, January 19. The financial services provider reported earnings per share (EPS) of $1.30 for the quarter, beating the consensus estimate of $1.18 by $0.12. The company posted revenue of $88.76 million in the quarter, versus a consensus estimate of $88.31 million. Eagle Bancorp had a net margin of 43.64% and a return on equity of 13.46%. During the same period last year, the company posted EPS of $1.21.
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Separately, Zacks Investment Research upgraded shares of Eagle Bancorp from a “hold” rating to a “buy” rating and set a price target of $66.00 for the company in a Tuesday, March 22 research report.
Several institutional investors have recently changed their stake in the company. Thrivent Financial for Lutherans increased its position in shares of Eagle Bancorp by 0.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 25,999 shares of the financial services provider worth $1,517,000 after buying an additional 165 shares last quarter. Advisor Group Holdings Inc. increased its position in Eagle Bancorp by 1.1% during the third quarter. Advisor Group Holdings Inc. now owns 16,605 shares of the financial services provider worth $973,000 after buying 176 more shares last quarter. Captrust Financial Advisors increased its stake in Eagle Bancorp shares by 17.7% during the third quarter. Captrust Financial Advisors now owns 1,354 shares of the financial services provider worth $78,000 after buying 204 additional shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings of Eagle Bancorp shares by 1.7% in the fourth quarter. The Manufacturers Life Insurance Company now owns 15,142 shares of the financial services provider valued at $883,000 after acquiring 251 additional shares last quarter. Finally, the State of New Jersey Common Pension Fund D increased its position in Eagle Bancorp shares by 0.6% in the fourth quarter. New Jersey State Joint Pension Fund D now owns 47,507 shares of the financial services provider worth $2,772,000 after acquiring 273 additional shares in the last quarter. Institutional investors hold 72.77% of the company’s shares.
Shares of EGBN opened at $59.21 on Wednesday. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt ratio of 0.05. The company has a market capitalization of $1.89 billion, a P/E ratio of 10.73 and a beta of 0.99. The company has a fifty-day simple moving average of $59.36. Eagle Bancorp has a 52-week low of $50.92 and a 52-week high of $63.84.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 29. Shareholders of record on Monday, April 11 will receive a dividend of $0.40 per share. This represents an annualized dividend of $1.60 and a dividend yield of 2.70%. The ex-dividend date is Friday, April 8. Eagle Bancorp’s dividend payout ratio is 28.99%.
Eagle Bancorp Company Profile (Get a rating)
Eagle Bancorp, Inc operates as a bank holding company for EagleBank which provides commercial and consumer banking services primarily in the United States. The Company also offers various consumer and commercial loan products including commercial loans for working capital, equipment purchase, home equity lines of credit and government contract financing; asset-based lending and accounts receivable financing; construction loans and commercial real estate; commercial equipment financing; consumer home equity lines of credit, personal lines of credit and term loans; consumer installment loans, such as car and personal loans; personal credit cards; and residential mortgages.
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