Eagle Bancorp, Inc. (NASDAQ:EGBN) is reporting third quarter financial results on Wednesday 21st October 2020, after market close.
According to analysts surveyed by Thomson Reuters, EGBN is expected to report 3Q20 income of $ 0.81 per share from revenue of $ 80.28 million.
For the full year, analysts anticipate top line of $ 323.49 million, while looking forward to income of $ 3.26 per share bottom line.
Previous Quarter Performance
Eagle Bancorp, Inc. unwinded income for the second quarter of $ 0.90 per share, from the revenue of $ 81.36 million. The quarterly earnings shrunk 16.67 percent while revenues down 1.23 percent compared with the same quarter last year.
Street analysts expected Eagle Bancorp, Inc. to report income of $ 0.74 per share on revenue of $ 81.38 million for the second quarter. The bottom line results beat street analysts by $ 0.16 or 21.62 percent, at the same time, top line results fell short of analysts by $ 0.02 million or 0.02 percent.
Stock Performance
Shares of Eagle Bancorp, Inc. traded up $ 0.55 or 1.88 percent on Tuesday, reaching $ 29.86 with volume of 96.10 thousand shares. Eagle Bancorp, Inc. has traded high as $ 30.35 and has cracked $ 29.63 on the downward trend
The closing price of $ 29.86, representing a 26.99 % increase from the 52 week low of $ 23.08 and a 41.19 % decrease over the 52 week high of $ 49.84.
The company has a market capital of $ 962.35 million and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Analyst recommendations
- On 30th September 2020, maintained by Piper Sandler at Neutral rating, with $ 30.00 target price.
Conference Call
Eagle Bancorp, Inc. will be hosting a conference call at 10:00 AM eastern time on 22nd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.eaglebankcorp.com
Eagle Bancorp, Inc. operates as the bank holding company for EagleBank that provides commercial and consumer banking services primarily in the United States. It accepts business and personal checking, NOW, tiered savings, and money market accounts, as well as individual retirement, certificate of deposit, and investment sweep accounts; and time deposits.
