Zacks: Brokerage Firms Expect Eagle Bancorp, Inc. (NASDAQ:EGBN) to Announce Quarterly Sales of $89.91 Million



Stock analysts expect Eagle Bancorp, Inc. (NASDAQ:EGBNget rating) will report $89.91 million in sales for the current quarter, Zacks reports. Three analysts have issued estimates for Eagle Bancorp’s earnings, with the lowest estimate for sales at $88.00 million and the highest estimate at $91.00 million. Eagle Bancorp posted sales of $95.56 million in the same quarter last year, suggesting a negative 5.9% year-over-year growth rate. The company is expected to announce its next quarterly earnings report on Monday, January 1.

On average, analysts expect Eagle Bancorp to report annual sales of $361.94 million for the current fiscal year, with estimates ranging from $350.30 million to $370.90 million. For the next fiscal year, analysts expect the company to report sales of $393.41 million, with estimates ranging from $370.90 million to $411.70 million. Zacks Investment Research sales estimates are an average based on a survey of research analysts who provide coverage for Eagle Bancorp.

Bancorp Eagle (NASDAQ:EGBNget rating) last posted its earnings results on Wednesday, April 20. The financial services provider reported $1.42 EPS for the quarter, beating the consensus estimate of $1.06 by $0.36. Eagle Bancorp had a return on equity of 13.63% and a net margin of 45.21%. During the same quarter last year, the company posted earnings per share of $1.36.

EGBN has been the subject of several recent analyst reports. Zacks Investment Research raised 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. StockNews.com began coverage of Eagle Bancorp in a report on Thursday, March 31. They set a “hold” rating for the company.

Actions of NASDAQ EGBN opened at $49.17 on Thursday. The company has a market cap of $1.57 billion, a P/E ratio of 8.81, and a beta of 0.98. The firm has a debt-to-equity ratio of 0.06, a current ratio of 0.80, and a quick ratio of 0.80. The company has a 50-day moving average of $55.33 and a 200-day moving average of $57.80. Eagle Bancorp has a 1-year minimum of $48.55 and a 1-year maximum of $63.84.

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 3.25%. The ex-dividend date was Friday, April 8. Eagle Bancorp’s payout ratio is currently 28.67%.

Several hedge funds and other institutional investors have recently made changes to their stock positions. American Century Companies Inc. boosted its position in Eagle Bancorp stock by 28.8% in the first quarter. American Century Companies Inc. now owns 139,781 shares of the financial services provider valued at $7,969,000 after purchasing an additional 31,279 shares during the period. The Tennessee state Treasury Department boosted its position in Eagle Bancorp stock by 27.1% in the first quarter. The Tennessee State Treasury Department now owns 22,602 shares of the financial services provider valued at $1,289,000 after purchasing an additional 4,821 shares during the period. WINTON GROUP Ltd strengthened its position in Eagle Bancorp shares by 32.7% in the first quarter. WINTON GROUP Ltd now owns 22,769 shares of the financial services provider valued at $1,298,000 after purchasing an additional 5,616 shares during the period. Swiss National Bank boosted its position in Eagle Bancorp shares by 7.1% in the first quarter. Swiss National Bank now owns 75,632 shares of the financial services provider valued at $4,312,000 after buying an additional 5,000 shares during the period. Finally, Wealthspire Advisors LLC boosted its position in Eagle Bancorp stock by 37.0% in the first quarter. Wealthspire Advisors LLC now owns 30,361 shares of the financial services provider valued at $1,731,000 after purchasing an additional 8,195 shares during the period. 73.83% of the shares are owned by hedge funds and other institutional investors.

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.

read more

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

For more information on Zacks Investment Research’s research offerings, visit zacks.com

Eagle Bancorp (NASDAQ:EGBN) earnings history and estimates



Receive news and ratings for Eagle Bancorp Daily – Enter your email address below to receive a concise daily summary of the latest news and analyst ratings for Eagle Bancorp and related companies with MarketBeat.com’s FREE daily e-newsletter.

Previous Dwight Capital funds over $227.2 million in April 2022
Next Emirates News Agency - Renewable energy set to break new world record in 2022 despite headwinds: IEA