Eagle Bancorp (NASDAQ:EGBN) Announces Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Eagle Bancorp (NASDAQ:EGBN) announced its quarterly earnings data on Wednesday. The financial services provider reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01), Zacks reports. Eagle Bancorp had a positive return on equity of 5.04% and a negative net margin of 5.97%.

Eagle Bancorp Stock Down 2.1 %

NASDAQ:EGBN traded down $0.52 during mid-day trading on Wednesday, reaching $24.58. The stock had a trading volume of 244,290 shares, compared to its average volume of 218,652. The business’s 50 day moving average is $27.28 and its 200 day moving average is $24.19. Eagle Bancorp has a fifty-two week low of $15.99 and a fifty-two week high of $30.94. The stock has a market cap of $742.32 million, a P/E ratio of -17.56 and a beta of 1.10. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.86 and a quick ratio of 0.86.

Wall Street Analyst Weigh In

A number of research firms have issued reports on EGBN. Piper Sandler initiated coverage on shares of Eagle Bancorp in a report on Monday, October 21st. They issued a “neutral” rating and a $27.00 target price on the stock. StockNews.com raised shares of Eagle Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Eagle Bancorp from $25.00 to $32.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th.

Eagle Bancorp Company Profile

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.