Brokerages expect that Eagle Bancorp, Inc. (NASDAQ:EGBN) will post $1.13 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Eagle Bancorp’s earnings, with the highest EPS estimate coming in at $1.16 and the lowest estimate coming in at $1.09. Eagle Bancorp posted earnings of $1.08 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 4.6%. The business is scheduled to issue its next quarterly earnings results after the market closes on Wednesday, July 17th.
According to Zacks, analysts expect that Eagle Bancorp will report full year earnings of $4.61 per share for the current financial year, with EPS estimates ranging from $4.44 to $4.70. For the next fiscal year, analysts anticipate that the firm will report earnings of $4.93 per share, with EPS estimates ranging from $4.64 to $5.13. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that cover Eagle Bancorp.
Eagle Bancorp (NASDAQ:EGBN) last posted its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $1.11 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.02). The firm had revenue of $81.02 million for the quarter, compared to the consensus estimate of $82.25 million. Eagle Bancorp had a return on equity of 14.28% and a net margin of 34.72%. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.04 EPS.
EGBN opened at $55.37 on Tuesday. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of 12.33, a P/E/G ratio of 1.52 and a beta of 0.92. Eagle Bancorp has a 52-week low of $45.15 and a 52-week high of $61.25. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.22. The stock’s fifty day moving average is $54.47.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.59%. The ex-dividend date was Thursday, May 30th. Eagle Bancorp’s dividend payout ratio (DPR) is presently 19.91%.
A number of large investors have recently added to or reduced their stakes in EGBN. BlackRock Inc. boosted its stake in Eagle Bancorp by 116.0% in the fourth quarter. BlackRock Inc. now owns 4,632,566 shares of the financial services provider’s stock valued at $225,653,000 after buying an additional 2,487,550 shares in the last quarter. Norges Bank acquired a new stake in Eagle Bancorp in the fourth quarter valued at about $16,754,000. Principal Financial Group Inc. boosted its stake in Eagle Bancorp by 3,311.2% in the fourth quarter. Principal Financial Group Inc. now owns 256,559 shares of the financial services provider’s stock valued at $12,497,000 after buying an additional 249,038 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Eagle Bancorp by 134.1% in the fourth quarter. Bank of New York Mellon Corp now owns 417,637 shares of the financial services provider’s stock valued at $20,343,000 after buying an additional 239,232 shares in the last quarter. Finally, Context BH Capital Management LP boosted its stake in Eagle Bancorp by 378.5% in the fourth quarter. Context BH Capital Management LP now owns 226,471 shares of the financial services provider’s stock valued at $11,031,000 after buying an additional 179,139 shares in the last quarter. 76.01% of the stock is currently owned by institutional investors and hedge funds.
About Eagle Bancorp
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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