Eagle Bancorp, Inc. (EGBN) Lifted to Buy at Zacks Investment Research

Cornelia Mascio
Mag 20, 2017

Wall Street brokerages forecast that Eagle Bancorp Montana Inc (NASDAQ:EBMT) will report earnings of $0.32 per share for the current quarter, according to Zacks Investment Research.

Wall Street brokerages forecast that Eagle Bancorp, Inc. Two analysts have made estimates for Eagle Bancorp's earnings, with estimates ranging from $0.74 to $0.78. During the same quarter previous year, the company earned $0.68 EPS.

Eagle Bancorp (NASDAQ:EGBN) last posted its quarterly earnings results on Tuesday, April 18th. The company's revenue for the quarter was up 6.0% on a year-over-year basis. The financial services provider reported $0.77 EPS for the quarter, topping analysts' consensus estimates of $0.74 by $0.03. The firm had revenue of $73 million during the quarter, compared to analysts' expectations of $68.19 million.

On average, analysts expect that Eagle Bancorp will report full year earnings of $3.15 per share for the current financial year, with EPS estimates ranging from $3.09 to $3.21. Eagle Bancorp Montana had a net margin of 13.23% and a return on equity of 9.06%. For the next year, analysts expect that the business will post earnings of $1.60 per share.

Separately, Zacks Investment Research cut shares of Eagle Bancorp Montana from a "buy" rating to a "hold" rating in a research report on Wednesday, March 29th. 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 Eagle Bancorp from a "hold" rating to a "buy" rating and set a $68.00 price objective for the company 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. Stockman Wealth Management Inc. now owns 14,983 shares of the company's stock worth $316,000 after buying an additional 985 shares in the last quarter. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Institutional investors have recently added to or reduced their stakes in the company. Jennison Associates LLC raised its stake in shares of Eagle Bancorp by 58.5% in the first 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. Spark Investment Management LLC acquired a new stake in shares of Eagle Bancorp Montana during the first quarter valued at approximately $202,000. Renaissance Technologies LLC bought a new position in Eagle Bancorp Montana during the fourth quarter worth about $348,000. Fuller & Thaler Asset Management Inc. now owns 2,625 shares of the financial services provider's stock worth $129,000 after buying an additional 2,400 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,485 shares of the financial services provider's stock worth $151,000 after buying an additional 910 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its position in Eagle Bancorp by 1,066.7% in the third quarter.

Eagle Bancorp (NASDAQ:EGBN) opened at 56.25 on Friday.

Eagle Bancorp, Inc. has a 52-week low of $45.07 and a 52-week high of $64.94. The firm has a market cap of $66.39 million, a price-to-earnings ratio of 13.48 and a beta of 0.37. Hedge funds and other institutional investors own 29.24% of the company's stock. The firm has a 50-day moving average of $19.60 and a 200-day moving average of $18.73.

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According to Zacks, "EAGLE BANCORP is the holding company for EagleBank". The correct version of this article can be viewed at https://www.thecerbatgem.com/2017/05/18/kalmar-investments-inc-de-invests-2-07-million-in-eagle-bancorp-inc-egbn-updated-updated.html. 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. The Bank is a Montana-chartered commercial bank. The Bank is the Company's principal operating subsidiary.

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