Analysts Expect Eagle Bancorp, Inc

(NASDAQ:EGBN) from a buy rating to a hold rating in a research report sent to investors on Friday morning.

Wall Street brokerages forecast that Eagle Bancorp, Inc. DE owned about 0.10% of Eagle Bancorp as of its most recent filing with the SEC. During the same quarter past year, the company earned $0.68 EPS. The firm is scheduled to issue its next earnings report on Wednesday, July 19th.

Eagle Bancorp Montana (NASDAQ:EBMT) last issued its quarterly earnings data on Thursday, January 26th. The company's revenue for the quarter was up 6.0% on a year-over-year basis. DA Davidson analyst J. Rulis now anticipates that the bank will post earnings of $1.40 per share for the year, down from their previous estimate of $1.45. The business had revenue of $73 million during the quarter, compared to analyst estimates of $68.19 million. Eagle Bancorp Montana had a net margin of 13.23% and a return on equity of 9.06%. Zacks Investment Research's EPS calculations are a mean average based on a survey of analysts that that provide coverage for Eagle Bancorp Montana. For the next year, analysts expect that the business will post earnings of $1.60 per share.

Several research firms have recently weighed in on EGBN.

Zacks Investment Research cut shares of Eagle Bancorp, Inc. Keefe, Bruyette & Woods reaffirmed a hold rating and set a $64.00 price objective on shares of Eagle Bancorp in a report on Wednesday, April 5th. Sandler O'Neill raised shares of Eagle Bancorp from a hold rating to a buy rating and set a $68.00 price target on the stock in a research note on Thursday, February 9th.

In other Eagle Bancorp news, CFO James H. Langmead sold 5,000 shares of the company's stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $58.03, for a total value of $290,150.00. Following the completion of the transaction, the chief financial officer now owns 4,935 shares of the company's stock, valued at approximately $286,378.05.

A number of large investors have recently added to or reduced their stakes in EGBN. Dimensional Fund Advisors LP raised its position in Eagle Bancorp Montana by 27.0% in the fourth quarter. BlackRock Institutional Trust Company N.A. now owns 940,377 shares of the financial services provider's stock valued at $46,389,000 after buying an additional 122,319 shares in the last quarter. Ancora Advisors LLC bought a new position in Eagle Bancorp Montana during the fourth quarter worth about $156,000. Renaissance Technologies LLC bought a new position in Eagle Bancorp Montana during the fourth quarter worth about $348,000. Stockman Wealth Management Inc. now owns 16,283 shares of the bank's stock valued at $324,000 after buying an additional 1,300 shares in the last quarter. BlackRock Advisors LLC now owns 17,082 shares of the financial services provider's stock valued at $843,000 after buying an additional 2,361 shares during the last quarter. BlackRock Group LTD raised its stake in shares of Eagle Bancorp by 1,006.3% in the third quarter.

Eagle Bancorp, Inc is a bank holding company for EagleBank (the Bank).

Shares of Eagle Bancorp (NASDAQ:EGBN) traded up 1.24% during midday trading on Monday, reaching $56.95. The company's 50-day moving average is $19.03 and its 200 day moving average is $19.39. Eagle Bancorp Montana has a one year low of $12.19 and a one year high of $24.00. The firm has a market capitalization of $75.08 million, a price-to-earnings ratio of 14.59 and a beta of 0.37.

TRADEMARK VIOLATION NOTICE: This news story was first published by BBNS and is the property of of BBNS. The Bank is headquartered in Bethesda, Maryland, and conducts full service commercial banking services through nine offices, located in Montgomery County, Maryland and Washington, D.C. The Company focuses on building relationships with businesses, professionals and individuals in its marketplace. If you are viewing this piece on another publication, it was stolen and reposted in violation of US and global copyright legislation. The legal version of this news story can be read at The Bank is a chartered commercial bank. The Bank is the Company's principal operating subsidiary.

Latest News