Eagle Bancorp (EGBN) to Release Earnings on Wednesday

Eagle Bancorp (NASDAQ:EGBN) is expected to be posting its quarterly earnings results 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.

Eagle Bancorp (NASDAQ:EGBN) last announced 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. The firm had revenue of $180.76 million during the quarter, compared to analysts’ expectations of $80.31 million. Eagle Bancorp had a negative net margin of 5.97% and a positive return on equity of 5.04%. During the same period in the prior year, the company 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 Price Performance

Shares of EGBN stock traded up $0.40 on Wednesday, hitting $24.86. 159,719 shares of the stock traded hands, compared to its average volume of 219,824. The firm has a market cap of $750.82 million, a price-to-earnings ratio of -17.76 and a beta of 1.10. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a 50 day simple moving average of $27.72 and a two-hundred day simple moving average of $23.97. Eagle Bancorp has a 52 week low of $15.99 and a 52 week high of $30.94.

Analysts Set New Price Targets

Several equities analysts have recently commented on EGBN shares. StockNews.com upgraded Eagle Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. Keefe, Bruyette & Woods boosted their price target on Eagle Bancorp from $25.00 to $32.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Finally, Piper Sandler began coverage on shares of Eagle Bancorp in a report on Monday, October 21st. They set a “neutral” rating and a $27.00 price objective for the company.

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. 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.