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

Eagle Bancorp (NASDAQ:EGBN - Get Free Report) will post its quarterly earnings results after the market closes on Wednesday, April 24th. Analysts expect Eagle Bancorp to post earnings of $0.59 per share for the quarter. Individual interested in listening to the company's earnings conference call can do so using this link.

Eagle Bancorp (NASDAQ:EGBN - Get Free Report) last released its earnings results on Wednesday, January 24th. The financial services provider reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.09). Eagle Bancorp had a net margin of 15.54% and a return on equity of 8.12%. The firm had revenue of $75.89 million during the quarter, compared to the consensus estimate of $75.67 million. 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 Stock Down 1.8 %

Shares of NASDAQ:EGBN traded down $0.38 during midday trading on Tuesday, hitting $20.93. The stock had a trading volume of 237,890 shares, compared to its average volume of 293,171. Eagle Bancorp has a 12 month low of $16.72 and a 12 month high of $32.20. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.08. The business's 50-day simple moving average is $22.89 and its 200-day simple moving average is $24.10. The company has a market cap of $626.43 million, a P/E ratio of 6.34 and a beta of 1.02.

Eagle Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, April 18th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Wednesday, April 17th. This represents a $1.80 annualized dividend and a dividend yield of 8.60%. Eagle Bancorp's dividend payout ratio is presently 54.55%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Eagle Bancorp from a "hold" rating to a "sell" rating in a research note on Wednesday, March 27th.

Insider Buying and Selling at Eagle Bancorp

In other Eagle Bancorp news, EVP Lindsey S. Rheaume sold 22,000 shares of the firm's stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $22.98, for a total transaction of $505,560.00. Following the completion of the sale, the executive vice president now owns 9,075 shares of the company's stock, valued at approximately $208,543.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.10% of the company's stock.

Institutional Investors Weigh In On Eagle Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the company. Citigroup Inc. raised its stake in Eagle Bancorp by 8.5% in the first quarter. Citigroup Inc. now owns 28,757 shares of the financial services provider's stock valued at $1,639,000 after purchasing an additional 2,251 shares in the last quarter. MetLife Investment Management LLC raised its stake in Eagle Bancorp by 56.3% in the first quarter. MetLife Investment Management LLC now owns 17,213 shares of the financial services provider's stock valued at $981,000 after purchasing an additional 6,200 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Eagle Bancorp by 14.1% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 27,541 shares of the financial services provider's stock valued at $1,570,000 after purchasing an additional 3,395 shares in the last quarter. BlackRock Inc. raised its stake in Eagle Bancorp by 1.7% in the first quarter. BlackRock Inc. now owns 4,708,887 shares of the financial services provider's stock valued at $268,453,000 after purchasing an additional 77,845 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in Eagle Bancorp by 2.0% in the first quarter. Vanguard Group Inc. now owns 3,458,795 shares of the financial services provider's stock valued at $197,186,000 after purchasing an additional 67,255 shares in the last quarter. Institutional investors and hedge funds own 78.03% of the company's stock.

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.