Eagle Bancorp, Inc. (NASDAQ:EGBN) Expected to Post Quarterly Sales of $90.87 Million

Equity research analysts expect Eagle Bancorp, Inc. (NASDAQ:EGBN – Get a rating) will announce sales of $90.87 million for the current fiscal quarter, Zacks reports. Two analysts provided earnings estimates for Eagle Bancorp, with estimates ranging from $90.73 million to $91.00 million. Eagle Bancorp reported sales of $95.56 million in the same quarter last year, indicating a negative year-over-year growth rate of 4.9%. The company is expected to release its next quarterly results on Monday, January 1.

On average, analysts expect Eagle Bancorp to report annual sales of $367.76 million for the current fiscal year, with estimates ranging from $364.61 million to $370.90 million. . For the next fiscal year, analysts expect the company to post sales of $404.66 million, with estimates ranging from $397.62 million to $411.70 million. Zacks sales calculations are an average average based on a survey of analysts who provide coverage for Eagle Bancorp.

Eagle Bancorp (NASDAQ:EGBN – Get a rating) last released its results on Wednesday, April 20. The financial services provider reported earnings per share of $1.42 for the quarter, beating the consensus estimate of $1.06 by $0.36. The company posted revenue of $87.91 million for the quarter, versus a consensus estimate of $86.40 million. Eagle Bancorp had a net margin of 45.21% and a return on equity of 13.59%. In the same quarter a year earlier, the company earned earnings per share of $1.36.

EGBN has been the subject of several recent analyst reports. Zacks Investment Research moved shares of Eagle Bancorp from a “hold” rating to a “buy” rating and set a price target of $66.00 for the stock in a Tuesday, March 22 report. StockNews.com began covering Eagle Bancorp shares in a report on Thursday, March 31. They issued a “hold” rating on the stock.

Shares of EGBN opened at $48.40 on Thursday. The company has a debt ratio of 0.05, a quick ratio of 0.80 and a current ratio of 0.80. Eagle Bancorp has a one-year low of $47.62 and a one-year high of $63.84. The company has a 50-day moving average price of $52.52 and a 200-day moving average price of $56.79. The company has a market capitalization of $1.55 billion, a price-earnings ratio of 8.67 and a beta of 0.98.

The company also recently announced a quarterly dividend, which was paid on Friday, April 29. Shareholders of record on Monday, April 11 received a dividend of $0.40. This represents an annualized dividend of $1.60 and a dividend yield of 3.31%. The ex-dividend date was Friday, April 8. Eagle Bancorp’s payout ratio is 28.67%.

Hedge funds and other institutional investors have recently been buying and selling shares of the company. American Century Companies Inc. increased its position in shares of Eagle Bancorp by 35.0% in the fourth quarter. American Century Companies Inc. now owns 108,502 shares of the financial services provider worth $6,330,000 after buying an additional 28,124 shares in the last quarter. Segall Bryant & Hamill LLC increased its stake in Eagle Bancorp by 2.7% during the third quarter. Segall Bryant & Hamill LLC now owns 80,471 shares of the financial services provider valued at $4,627,000 after purchasing an additional 2,142 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in Eagle Bancorp during the third quarter worth approximately $42,000. Pinebridge Investments LP acquired a new position in Eagle Bancorp during the fourth quarter valued at approximately $76,000. Finally, Qube Research & Technologies Ltd acquired a new equity stake in Eagle Bancorp in the fourth quarter worth $1,521,000. 73.83% of the shares are held by institutional investors and hedge funds.

About Eagle Bancorp (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.

See also

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Earnings history and estimates for Eagle Bancorp (NASDAQ:EGBN)

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