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

Posted by Jessica Moore on Jan 23rd, 2025

Eagle Bancorp (NASDAQ:EGBN – Get Free Report) announced its earnings results on Wednesday. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.01), Zacks reports. Eagle Bancorp had a negative net margin of 5.97% and a positive return on equity of 5.04%.

Eagle Bancorp Stock Down 2.1 %

EGBN opened at $24.58 on Thursday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.06. The firm’s fifty day simple moving average is $27.19 and its two-hundred day simple moving average is $24.19. Eagle Bancorp has a 52-week low of $15.99 and a 52-week high of $30.94.

Wall Street Analyst Weigh In

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

View Our Latest Report on Eagle Bancorp

About Eagle Bancorp

(Get Free Report)

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.