Zacks: Analysts Anticipate Eagle Bancorp, Inc. (EGBN) Will Post Quarterly Sales of $87.71 Million

Share on StockTwits

Equities research analysts predict that Eagle Bancorp, Inc. (NASDAQ:EGBN) will announce $87.71 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Eagle Bancorp’s earnings. The lowest sales estimate is $86.92 million and the highest is $88.50 million. Eagle Bancorp reported sales of $84.86 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 3.4%. The company is expected to announce its next quarterly earnings report on Wednesday, January 16th.

According to Zacks, analysts expect that Eagle Bancorp will report full year sales of $339.70 million for the current financial year, with estimates ranging from $338.69 million to $340.30 million. For the next financial year, analysts forecast that the business will post sales of $368.96 million, with estimates ranging from $358.97 million to $374.20 million. Zacks’ sales averages are an average based on a survey of research firms that cover Eagle Bancorp.

Eagle Bancorp (NASDAQ:EGBN) last posted its quarterly earnings results on Wednesday, October 17th. The financial services provider reported $1.13 EPS for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.02. The business had revenue of $86.93 million for the quarter, compared to analysts’ expectations of $85.67 million. Eagle Bancorp had a return on equity of 14.41% and a net margin of 31.86%. During the same period last year, the firm earned $0.87 earnings per share.

EGBN has been the topic of a number of recent analyst reports. Boenning Scattergood reissued a “buy” rating on shares of Eagle Bancorp in a report on Thursday, July 19th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $65.00 price target on shares of Eagle Bancorp in a report on Friday, July 20th. BidaskClub cut Eagle Bancorp from a “hold” rating to a “sell” rating in a report on Friday, July 20th. Stephens reaffirmed a “buy” rating and issued a $68.00 target price on shares of Eagle Bancorp in a report on Friday, July 20th. Finally, ValuEngine cut Eagle Bancorp from a “sell” rating to a “strong sell” rating in a report on Friday, July 20th. Two equities research analysts have rated the stock with a sell rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $66.85.

Several hedge funds have recently modified their holdings of the company. Oppenheimer Asset Management Inc. increased its holdings in shares of Eagle Bancorp by 15.2% in the third quarter. Oppenheimer Asset Management Inc. now owns 8,939 shares of the financial services provider’s stock worth $452,000 after purchasing an additional 1,181 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Eagle Bancorp by 4.0% in the second quarter. Rhumbline Advisers now owns 31,873 shares of the financial services provider’s stock worth $1,954,000 after purchasing an additional 1,215 shares during the last quarter. Systematic Financial Management LP increased its holdings in shares of Eagle Bancorp by 8.1% in the third quarter. Systematic Financial Management LP now owns 24,680 shares of the financial services provider’s stock worth $1,249,000 after purchasing an additional 1,850 shares during the last quarter. UBS Group AG increased its holdings in shares of Eagle Bancorp by 23.0% in the first quarter. UBS Group AG now owns 11,075 shares of the financial services provider’s stock worth $662,000 after purchasing an additional 2,070 shares during the last quarter. Finally, Sei Investments Co. increased its holdings in shares of Eagle Bancorp by 17.0% in the second quarter. Sei Investments Co. now owns 16,567 shares of the financial services provider’s stock worth $1,016,000 after purchasing an additional 2,405 shares during the last quarter. 69.59% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:EGBN traded up $0.17 on Wednesday, reaching $49.59. 167,200 shares of the company’s stock traded hands, compared to its average volume of 142,174. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.21. The stock has a market cap of $1.69 billion, a PE ratio of 14.80 and a beta of 0.67. Eagle Bancorp has a 12 month low of $46.20 and a 12 month high of $69.80.

Eagle Bancorp Company Profile

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.

Further Reading: How dollar cost averaging works

Get a free copy of the Zacks research report on Eagle Bancorp (EGBN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Eagle Bancorp (NASDAQ:EGBN)

Receive News & Ratings for Eagle Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eagle Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply