Eagle Bancorp (EGBN) Set to Announce Quarterly Earnings on Wednesday

Eagle Bancorp (NASDAQ:EGBN) will issue its quarterly earnings data after the market closes on Wednesday, July 24th. Analysts expect the company to announce earnings of $0.33 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Eagle Bancorp (NASDAQ:EGBN) last announced its quarterly earnings results on Wednesday, April 24th. The financial services provider reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.60). The company had revenue of $78.29 million during the quarter, compared to analysts’ expectations of $75.51 million. Eagle Bancorp had a net margin of 11.14% and a return on equity of 6.11%. On average, analysts expect Eagle Bancorp to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Eagle Bancorp Stock Performance

Shares of NASDAQ EGBN opened at $22.90 on Tuesday. The stock has a market cap of $691.35 million, a PE ratio of 9.12 and a beta of 1.08. Eagle Bancorp has a fifty-two week low of $15.99 and a fifty-two week high of $31.97. The stock has a fifty day moving average of $18.74 and a 200-day moving average of $21.72.

Eagle Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Saturday, July 20th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 7.86%. The ex-dividend date is Friday, July 19th. Eagle Bancorp’s dividend payout ratio (DPR) is presently 71.71%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Eagle Bancorp from a “hold” rating to a “sell” rating in a research report on Sunday, June 9th.

Insider Activity

In other Eagle Bancorp news, CEO Susan G. Riel bought 5,260 shares of Eagle Bancorp stock in a transaction that occurred on Tuesday, April 30th. The stock was acquired at an average cost of $18.73 per share, for a total transaction of $98,519.80. Following the completion of the transaction, the chief executive officer now directly owns 332,210 shares in the company, valued at $6,222,293.30. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Eagle Bancorp news, CEO Susan G. Riel bought 5,260 shares of Eagle Bancorp stock in a transaction that occurred on Tuesday, April 30th. The stock was acquired at an average cost of $18.73 per share, for a total transaction of $98,519.80. Following the completion of the transaction, the chief executive officer now directly owns 332,210 shares in the company, valued at $6,222,293.30. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director A. Leslie Ludwig bought 1,500 shares of Eagle Bancorp stock in a transaction that occurred on Thursday, June 13th. The shares were acquired at an average price of $16.89 per share, with a total value of $25,335.00. Following the completion of the transaction, the director now owns 41,413 shares of the company’s stock, valued at $699,465.57. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 9,582 shares of company stock worth $173,108. 3.10% of the stock is 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.