Wall Street brokerages forecast that Eagle Bancorp, Inc. (NASDAQ: EGBN) will post $ 91.95 million in sales for the current fiscal quarter, according to Zack. Three analysts provided earnings estimates for Eagle Bancorp. The lowest sales estimate is $ 89.17 million and the highest is $ 94.50 million. Eagle Bancorp posted sales of $ 93.86 million in the same quarter last year, suggesting a negative 2% year-over-year growth rate. The company is expected to release its next results after market close on Wednesday, July 21.
According to Zacks, analysts expect Eagle Bancorp to report annual sales of $ 367.06 million for the current year, with estimates ranging from $ 358.77 million to $ 377.10 million . For the next fiscal year, analysts predict the company will report revenue of $ 366.47 million, with estimates ranging from $ 356.75 million to $ 382.90 million. Zacks Investment Research sales averages are an average based on a survey of sales analysts who cover Eagle Bancorp.
Eagle Bancorp (NASDAQ: EGBN) last released its quarterly earnings data on Tuesday, April 20. The financial services provider reported earnings per share (EPS) of $ 1.36 for the quarter, beating the consensus estimate of $ 1.16 by $ 0.20. Eagle Bancorp had a net margin of 35.38% and a return on equity of 12.42%. The company posted revenue of $ 93.24 million in the quarter, compared to a consensus estimate of $ 91.48 million.
Separately, Zacks investment research downgraded Eagle Bancorp shares from a “buy” rating to a “custody” rating in a research note on Tuesday April 6. Five equity research analysts rated the stock with a conservation rating. The stock has a consensus rating of “hold” and an average target price of $ 43.33.
In related news, Executive Vice President Antonio F. Marquez sold 2,000 shares in a transaction dated Tuesday, May 18. The shares were sold at an average price of $ 55.38, for a total trade of $ 110,760.00. Company insiders own 1.56% of the company’s shares.
A number of institutional investors have recently changed their holdings to EGBNs. Norges Bank purchased a new position in Eagle Bancorp in the fourth quarter for a value of approximately $ 15,767,000. Davis Capital Partners LLC increased its stake in Eagle Bancorp by 79.5% in the fourth quarter. Davis Capital Partners LLC now owns 290,214 shares of the financial services provider valued at $ 11,985,000 after purchasing an additional 128,510 shares in the last quarter. Victory Capital Management Inc. increased its stake in Eagle Bancorp by 12.2% in the first quarter. Victory Capital Management Inc. now owns 1,160,284 shares of the financial services provider valued at $ 61,739,000 after purchasing an additional 126,320 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Eagle Bancorp by 129.7% in the first quarter. JPMorgan Chase & Co. now owns 201,213 shares of the financial services provider valued at $ 10,706,000 after purchasing an additional 113,605 shares last quarter. Finally, Connacht Asset Management LP increased its stake in Eagle Bancorp by 97.3% in the first quarter. Connacht Asset Management LP now owns 111,835 shares of the financial services provider valued at $ 5,951,000 after purchasing an additional 55,154 shares in the last quarter. 71.62% of the capital is held by institutional investors.
EGBN shares opened at $ 56.02 on Friday. Eagle Bancorp has a 52-week low of $ 24.81 and a 52-week high of $ 58.84. The company has a market cap of $ 1.79 billion, a P / E ratio of 11.79 and a beta of 1.16. The company’s 50-day simple moving average is $ 56.36. The company has a quick ratio of 0.96, a current ratio of 0.98, and a debt ratio of 0.17.
The company also recently declared a quarterly dividend, which will be paid on Monday, August 2. Investors of record on Thursday, July 22 will receive a dividend of $ 0.35 per share. This is a boost from Eagle Bancorp’s previous quarterly dividend of $ 0.25. This represents an annualized dividend of $ 1.40 and a return of 2.50%. The ex-dividend date is Wednesday July 21. Eagle Bancorp’s dividend payout ratio is currently 24.51%.
Eagle Bancorp Company Profile
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 a variety of commercial and consumer loan products, including commercial loans for working capital, equipment purchase, home equity lines of credit and government contract financing; asset loans and accounts receivable financing; construction and commercial real estate loans; financing of commercial equipment; consumer home equity lines of credit, personal lines of credit and term loans; consumer installment loans, such as auto and personal loans; personal credit cards; and residential mortgages.
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