Eagle Bancorp (NASDAQ:EGBN) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Eagle Bancorp (NASDAQ:EGBN) posted its earnings results on Wednesday. The financial services provider reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01), Zacks reports. Eagle Bancorp had a positive return on equity of 5.04% and a negative net margin of 5.97%.

Eagle Bancorp Stock Performance

Shares of EGBN traded down $0.52 on Wednesday, reaching $24.58. 244,290 shares of the company’s stock traded hands, compared to its average volume of 218,652. The stock’s 50 day simple moving average is $27.28 and its two-hundred day simple moving average is $24.19. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. Eagle Bancorp has a 52-week low of $15.99 and a 52-week high of $30.94. The stock has a market cap of $742.32 million, a PE ratio of -17.56 and a beta of 1.10.

Wall Street Analysts Forecast Growth

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

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.