Eagle Bancorp, Inc. (NASDAQ:EGBN) – Equities research analysts at FIG Partners boosted their Q1 2019 earnings estimates for Eagle Bancorp in a research report issued on Thursday. FIG Partners analyst D. Bishop now anticipates that the financial services provider will post earnings per share of $1.08 for the quarter, up from their previous estimate of $0.95. FIG Partners also issued estimates for Eagle Bancorp’s Q2 2019 earnings at $1.12 EPS, Q3 2019 earnings at $1.17 EPS and Q4 2019 earnings at $1.19 EPS.

Other equities analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Eagle Bancorp from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a report on Wednesday, January 3rd. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $66.00 target price on shares of Eagle Bancorp in a report on Friday, December 22nd. Boenning Scattergood reaffirmed a “buy” rating on shares of Eagle Bancorp in a report on Thursday, October 19th. BidaskClub raised shares of Eagle Bancorp from a “sell” rating to a “hold” rating in a report on Friday, December 15th. Finally, Stephens raised shares of Eagle Bancorp from an “equal weight” rating to an “overweight” rating and set a $69.00 target price on the stock in a report on Friday. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $68.00.

Shares of Eagle Bancorp (EGBN) traded up $3.85 during trading on Friday, hitting $64.95. 524,644 shares of the stock were exchanged, compared to its average volume of 197,238. The firm has a market cap of $2,220.00, a PE ratio of 22.24 and a beta of 0.87. Eagle Bancorp has a fifty-two week low of $46.20 and a fifty-two week high of $69.80. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.23.

Eagle Bancorp (NASDAQ:EGBN) last announced its earnings results on Wednesday, January 17th. The financial services provider reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.02. The business had revenue of $84.86 million for the quarter, compared to analysts’ expectations of $80.80 million. Eagle Bancorp had a net margin of 32.40% and a return on equity of 12.37%.

A number of large investors have recently bought and sold shares of the stock. Los Angeles Capital Management & Equity Research Inc. grew its position in Eagle Bancorp by 1.5% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 6,751 shares of the financial services provider’s stock valued at $427,000 after buying an additional 100 shares during the last quarter. Amalgamated Bank boosted its position in shares of Eagle Bancorp by 7.5% during the 2nd quarter. Amalgamated Bank now owns 4,052 shares of the financial services provider’s stock worth $256,000 after purchasing an additional 283 shares in the last quarter. FMR LLC boosted its position in shares of Eagle Bancorp by 8.5% during the 2nd quarter. FMR LLC now owns 4,856 shares of the financial services provider’s stock worth $307,000 after purchasing an additional 382 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Eagle Bancorp by 4.8% during the 2nd quarter. Legal & General Group Plc now owns 11,508 shares of the financial services provider’s stock worth $728,000 after purchasing an additional 528 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Eagle Bancorp by 2.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,288 shares of the financial services provider’s stock worth $1,537,000 after purchasing an additional 532 shares in the last quarter. Hedge funds and other institutional investors own 68.23% of the company’s stock.

In related news, Director Dudley C. Dworken sold 2,000 shares of Eagle Bancorp stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $67.00, for a total value of $134,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Harvey Michael Goodman sold 3,000 shares of Eagle Bancorp stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $67.00, for a total transaction of $201,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 39,959 shares of company stock worth $2,682,251. 8.39% of the stock is currently owned by insiders.

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Eagle Bancorp Company Profile

Eagle Bancorp, Inc is a bank holding company for EagleBank (the Bank). The Bank is the Company’s principal operating subsidiary. The Bank is a chartered commercial bank. As of December 31, 2016, the Bank operated 21 banking offices: seven in Montgomery County, Maryland; five located in the District of Columbia, and nine in Northern Virginia.

Earnings History and Estimates for Eagle Bancorp (NASDAQ:EGBN)

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