Eagle Bancorp (EGBN) to Release Quarterly Earnings on Wednesday

Eagle Bancorp (NASDAQ:EGBN) is expected to be announcing its earnings results after the market closes on Wednesday, April 23rd. Analysts expect the company to announce earnings of $0.46 per share and revenue of $71.93 million for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Eagle Bancorp (NASDAQ:EGBN) last issued its earnings results on Wednesday, January 22nd. The financial services provider reported $0.50 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.01). Eagle Bancorp had a positive return on equity of 4.68% and a negative net margin of 6.65%. On average, analysts expect Eagle Bancorp to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Eagle Bancorp Stock Performance

Shares of NASDAQ EGBN opened at $20.29 on Monday. The company has a market cap of $616.21 million, a PE ratio of -12.92 and a beta of 1.04. The stock has a 50 day simple moving average of $21.65 and a 200-day simple moving average of $24.82. Eagle Bancorp has a 12-month low of $15.99 and a 12-month high of $30.94. The company has a current ratio of 0.88, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06.

Eagle Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date was Friday, February 7th. Eagle Bancorp’s dividend payout ratio (DPR) is presently -42.04%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on EGBN. Keefe, Bruyette & Woods decreased their price objective on shares of Eagle Bancorp from $32.00 to $30.00 and set a “market perform” rating for the company in a report on Monday, January 27th. Piper Sandler cut their price target on Eagle Bancorp from $31.00 to $27.50 and set a “neutral” rating for the company in a report on Friday, January 24th.

Insiders Place Their Bets

In other Eagle Bancorp news, CFO Eric R. Newell acquired 1,170 shares of Eagle Bancorp stock in a transaction on Friday, March 7th. The shares were bought at an average price of $21.37 per share, with a total value of $25,002.90. Following the completion of the purchase, the chief financial officer now owns 28,733 shares in the company, valued at $614,024.21. This trade represents a 4.24 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 3.10% of the company’s stock.

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. The company also offers various commercial and consumer lending products comprising commercial 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; business 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.