Eagle Bancorp (EGBN) Projected to Post Earnings on Wednesday

Eagle Bancorp (NASDAQ:EGBN) will likely 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. Investors that are interested in participating in the company’s conference call can do so using this link.

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 the consensus estimate of $0.45 by $0.27. Eagle Bancorp had a positive return on equity of 5.04% and a negative net margin of 5.97%. The business had revenue of $180.76 million during the quarter, compared to analyst estimates of $80.31 million. During the same period last year, the company earned $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 Performance

Shares of EGBN stock opened at $24.64 on Monday. Eagle Bancorp has a fifty-two week low of $15.99 and a fifty-two week high of $30.94. The stock’s 50-day moving average is $27.47 and its two-hundred day moving average is $24.10. 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 market cap of $744.13 million, a P/E ratio of -17.60 and a beta of 1.10.

Wall Street Analysts Forecast Growth

EGBN has been the topic of several recent research reports. Keefe, Bruyette & Woods raised their price objective on shares of Eagle Bancorp from $25.00 to $32.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Piper Sandler initiated coverage on shares of Eagle Bancorp in a report on Monday, October 21st. They set a “neutral” rating and a $27.00 price target on the stock. Finally, StockNews.com upgraded shares of Eagle Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, October 24th.

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.