$88.99 million in sales expected for Eagle Bancorp, Inc. (NASDAQ:EGBN) this quarter


Wall Street analysts expect Eagle Bancorp, Inc. (NASDAQ:EGBN – get rating) to report $88.99 million in sales for the current quarter, Zacks reports. Three analysts have provided earnings estimates for Eagle Bancorp. The lowest sales estimate is $88.00 million and the highest is $90.38 million. Eagle Bancorp reported sales of $95.56 million during the same quarter last year, which would suggest a negative 6.9% year over year growth rate. The company is scheduled to release its next quarterly earnings results on Monday, January 1.

According to Zacks, analysts expect Eagle Bancorp to report annual sales of $357.70 million for the current fiscal year, with estimates ranging from $350.30 million to $363.69 million. For next year, analysts anticipate the business to post sales of $386.13 million, with estimates ranging from $370.90 million to $396.00 million. Zacks’ sales estimates are an average based on a survey of analysts who follow Eagle Bancorp.

Eagle Bancorp (NASDAQ: EGBN – get rating) last posted its earnings results on Wednesday, April 20. The financial services provider reported earnings per share of $1.42 for the quarter, beating the Zacks Consensus Estimate of $1.06 by $0.36. Eagle Bancorp had a net margin of 43.64% and a return on equity of 13.46%. During the same quarter last year, the company posted $1.36 EPS.

Several stock analysts recently commented on the company. StockNews.com began coverage of Eagle Bancorp in an investigative report on Thursday, March 31. They set a “hold” rating for the company. Zacks Investment Research upgraded Eagle Bancorp from a “hold” rating to a “buy” rating and set a $66.00 price target for the company in a report Tuesday, March 22.

Eagle Bancorp shares opened at $55.97 on Friday. The firm has a debt-to-equity ratio of 0.05, a quick ratio of 0.84, and a current ratio of 0.85. Eagle Bancorp has a fifty-two week minimum of $50.92 and a fifty-two week maximum of $63.84. The stock has a market capitalization of $1.79 billion, a P/E ratio of 10.14, and a beta of 0.97. The firm’s 50-day moving average price is $57.75 and its 200-day moving average price is $58.50.

The company also recently revealed a quarterly dividend, to be paid on Friday, April 29. Shareholders of record on Monday, April 11 will receive a dividend of $0.40 per share. This represents a dividend of $1.60 on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend is Friday, April 8. Eagle Bancorp’s dividend payout ratio is currently 28.99%.

Several institutional investors and hedge funds have recently increased or decreased their holdings in EGBN. Thrivent Financial for Lutherans increased its position in Eagle Bancorp by 0.6% during the fourth quarter. Thrivent Financial for Lutherans now owns 25,999 shares of the financial services provider valued at $1,517,000 after buying an additional 165 shares last quarter. Advisor Group Holdings Inc. increased its position in Eagle Bancorp stock by 1.1% during the third quarter. Advisor Group Holdings Inc. now owns 16,605 shares of the financial services provider valued at $973,000 after buying an additional 176 shares last quarter. Captrust Financial Advisors increased its stake in Eagle Bancorp stock by 17.7% during the third quarter. Captrust Financial Advisors now owns 1,354 shares of the financial services provider valued at $78,000 after buying an additional 204 shares last quarter. Manufacturers Life Insurance Company increased its position in Eagle Bancorp by 1.7% in the fourth quarter. Manufacturers Life Insurance Company now owns 15,142 shares of the financial services provider worth $883,000 after buying an additional 251 shares last quarter. Finally, State of New Jersey Common Pension Fund D increased its stake in Eagle Bancorp by 0.6% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 47,507 shares of the financial services provider worth $2,772,000 after purchasing an additional 273 shares last quarter. Currently, 72.77% of the shares belong to institutional investors and hedge funds.

About Eagle Bancorp (get rating)

Eagle Bancorp, Inc operates as the banking holding company for EagleBank providing commercial and consumer banking services primarily in the United States. The company also offers various business and consumer loan products including business loans for working capital, equipment purchases, real estate lines of credit and government contract financing; asset-based lending and accounts receivable financing; construction and commercial real estate loans; commercial equipment financing; 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 mortgage loans.

Other readings

Get a free copy of Zacks’ investigative report on Eagle Bancorp (EGBN)

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Eagle Bancorp (NASDAQ:EGBN) earnings history and estimates

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