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

Eagle Bancorp (NASDAQ:EGBN - Get Free Report) is anticipated to announce its earnings results after the market closes on Wednesday, April 23rd. Analysts expect the company to announce earnings of $0.46 per share and revenue of $71.93 million for the quarter. Individual interested in participating in the company's earnings conference call can do so using this link.

Eagle Bancorp (NASDAQ:EGBN - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.50 earnings per share for the quarter, missing analysts' consensus estimates of $0.51 by ($0.01). Eagle Bancorp had a positive return on equity of 4.68% and a negative net margin of 6.65%. On average, analysts expect Eagle Bancorp to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Eagle Bancorp Price Performance

NASDAQ:EGBN traded up $0.19 during mid-day trading on Friday, reaching $20.29. The stock had a trading volume of 481,328 shares, compared to its average volume of 326,184. Eagle Bancorp has a 12 month low of $15.99 and a 12 month high of $30.94. The stock has a market capitalization of $616.21 million, a PE ratio of -12.92 and a beta of 1.04. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.88 and a quick ratio of 0.86. The stock has a 50-day simple moving average of $21.77 and a two-hundred day simple moving average of $24.81.

Eagle Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend was Friday, February 7th. Eagle Bancorp's dividend payout ratio (DPR) is presently -42.04%.

Wall Street Analysts Forecast Growth

EGBN has been the subject of several research reports. Keefe, Bruyette & Woods dropped their price objective on shares of Eagle Bancorp from $32.00 to $30.00 and set a "market perform" rating for the company in a research note on Monday, January 27th. Piper Sandler cut their price target on Eagle Bancorp from $31.00 to $27.50 and set a "neutral" rating on the stock in a research note on Friday, January 24th.

Insider Activity at Eagle Bancorp

In other Eagle Bancorp news, CFO Eric R. Newell acquired 1,170 shares of the stock in a transaction on Friday, March 7th. The shares were purchased at an average price of $21.37 per share, for a total transaction of $25,002.90. Following the completion of the acquisition, the chief financial officer now owns 28,733 shares in the company, valued at approximately $614,024.21. This represents a 4.24 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.10% of the stock is currently owned by corporate insiders.

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.