Equity research analysts expect Eagle Bancorp, Inc. (NASDAQ: EGBN – Get a rating) to report sales of $88.99 million for the current quarter, according to Zacks. Three analysts provided earnings estimates for Eagle Bancorp, with the highest sales estimate at $90.38 million and the lowest estimate at $88.00 million. Eagle Bancorp posted sales of $95.56 million in the same quarter last year, which would indicate a negative growth rate of 6.9% year over year. The company is due to release its next earnings report on Monday, January 1.

According to Zacks, analysts expect Eagle Bancorp to report full-year sales of $357.70 million for the current fiscal year, with estimates ranging from $350.30 to $363.69 million. For the next fiscal year, analysts expect the company to record sales of $386.13 million, with estimates ranging from $370.90 million to $396.00 million. Zacks sales averages are an average average based on a survey of sell-side research analysts who provide coverage for Eagle Bancorp.

Eagle Bancorp (NASDAQ: EGBN – Get a rating) last released its results on Wednesday, April 20. The financial services provider reported earnings per share (EPS) of $1.42 for the quarter, beating the Zacks consensus estimate of $1.06 by $0.36. Eagle Bancorp had a net margin of 43.64% and a return on equity of 13.46%. In the same period a year earlier, the company earned earnings per share of $1.36.

EGBN has been the subject of several analyst reports. StockNews.com began covering Eagle Bancorp shares in a research report on Thursday, March 31. They have placed a “holding” rating on the stock. Zacks Investment Research upgraded Eagle Bancorp from a “hold” rating to a “buy” rating and set a price target of $66.00 on the stock in a Tuesday, March 22 report.

Eagle Bancorp Stock opened at $55.97 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt ratio of 0.05. Eagle Bancorp has a 1-year minimum of $50.92 and a 1-year maximum of $63.84. The company’s fifty-day simple moving average is $57.75 and its 200-day simple moving average is $58.50. The company has a market capitalization of $1.79 billion, a P/E ratio of 10.14 and a beta of 0.97.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 29. Shareholders of record on Monday, April 11 will receive a dividend of $0.40. This represents a dividend of $1.60 on an annualized basis and a dividend yield of 2.86%. The ex-dividend date is Friday, April 8. Eagle Bancorp’s payout ratio is 28.99%.

A number of large investors have been buying and selling stocks recently. Thrivent Financial for Lutherans increased its stake in Eagle Bancorp by 0.6% in Q4. Thrivent Financial for Lutherans now owns 25,999 shares of the financial services provider worth $1,517,000 after acquiring an additional 165 shares during the period. Advisor Group Holdings Inc. increased its position in Eagle Bancorp shares by 1.1% in the third quarter. Advisor Group Holdings Inc. now owns 16,605 shares of the financial services provider valued at $973,000 after buying 176 additional shares in the last quarter. Captrust Financial Advisors increased its stake in shares of Eagle Bancorp by 17.7% in the third quarter. Captrust Financial Advisors now owns 1,354 shares of the financial services provider worth $78,000 after buying an additional 204 shares during the period. The Manufacturers Life Insurance Company increased its position in Eagle Bancorp shares by 1.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 15,142 shares of the financial services provider worth $883,000 after buying 251 more shares in the last quarter. Finally, State of New Jersey Common Pension Fund D increased its stake in Eagle Bancorp by 0.6% during the 4th quarter. New Jersey State Joint Pension Fund D now owns 47,507 shares of the financial services provider worth $2,772,000 after purchasing 273 additional shares during the period. Institutional investors and hedge funds hold 72.77% of the company’s shares.

Eagle Bancorp Company Profile (Get a rating)

Eagle Bancorp, Inc operates as a bank holding company for EagleBank which provides commercial and consumer banking services primarily in the United States. The Company also offers various consumer and commercial loan products including commercial loans for working capital, equipment purchase, home equity lines of credit and government contract financing; asset-based lending and accounts receivable financing; construction loans and commercial real estate; commercial equipment financing; consumer home equity lines of credit, personal lines of credit and term loans; consumer installment loans, such as car and personal loans; personal credit cards; and residential mortgages.

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