Eagle Bancorp (NASDAQ:EGBN) Releases Earnings Results, Misses Estimates By $0.02 EPS

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Eagle Bancorp (NASDAQ:EGBN) released its earnings results on Wednesday. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.08 by ($0.02), Fidelity Earnings reports. The company had revenue of $87.44 million during the quarter, compared to analyst estimates of $85.61 million. Eagle Bancorp had a net margin of 32.62% and a return on equity of 13.24%.

EGBN traded up $0.32 during trading on Thursday, reaching $47.92. 2,577 shares of the stock were exchanged, compared to its average volume of 178,916. The business’s 50 day moving average price is $47.33 and its two-hundred day moving average price is $44.94. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 10.81, a P/E/G ratio of 1.61 and a beta of 0.90. Eagle Bancorp has a 1 year low of $37.08 and a 1 year high of $60.77.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be given a dividend of $0.22 per share. The ex-dividend date is Tuesday, January 14th. This represents a $0.88 dividend on an annualized basis and a yield of 1.84%. Eagle Bancorp’s payout ratio is 19.91%.

EGBN has been the topic of a number of recent research reports. Boenning Scattergood lowered Eagle Bancorp from an “outperform” rating to a “neutral” rating and set a $46.00 target price on the stock. in a report on Friday, October 18th. ValuEngine upgraded Eagle Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, January 3rd. Janney Montgomery Scott downgraded Eagle Bancorp from a “buy” rating to a “neutral” rating in a research note on Tuesday, September 24th. Stephens initiated coverage on Eagle Bancorp in a research note on Monday, January 6th. They issued an “equal weight” rating and a $50.00 price target on the stock. Finally, Zacks Investment Research upgraded Eagle Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, September 23rd. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Eagle Bancorp has a consensus rating of “Hold” and an average target price of $50.75.

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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Earnings History for Eagle Bancorp (NASDAQ:EGBN)

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