Eagle Bancorp (EGBN) Projected to Post Quarterly Earnings on Wednesday

Eagle Bancorp (NASDAQ:EGBN) is anticipated to release its earnings data after the market closes on Wednesday, January 22nd. Analysts expect Eagle Bancorp to post earnings of $0.51 per share and revenue of $74,673.00 billion for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Eagle Bancorp (NASDAQ:EGBN) last posted its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.27. Eagle Bancorp had a negative net margin of 5.97% and a positive return on equity of 5.04%. The company had revenue of $180.76 million for the quarter, compared to the consensus estimate of $80.31 million. During the same quarter last year, the firm posted $0.91 earnings per share. On average, analysts expect Eagle Bancorp to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Eagle Bancorp Stock Up 0.6 %

Shares of EGBN stock opened at $24.64 on Tuesday. The company has a 50 day simple moving average of $27.37 and a two-hundred day simple moving average of $24.14. The stock has a market cap of $744.18 million, a P/E ratio of -17.60 and a beta of 1.10. 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 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06.

Wall Street Analyst Weigh In

A number of brokerages recently commented on EGBN. Piper Sandler initiated coverage on Eagle Bancorp in a report on Monday, October 21st. They issued a “neutral” rating and a $27.00 target price on the stock. StockNews.com raised Eagle Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, Keefe, Bruyette & Woods boosted their price objective on Eagle Bancorp from $25.00 to $32.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th.

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.