As of close of business last night, Eagle Bancorp Inc (MD)’s stock clocked out at $21.20, down -7.06% from its previous closing price of $22.81. In other words, the price has decreased by -$1.61 from its previous closing price. On the day, 382211 shares were traded.
Ratios:
To gain a deeper understanding of EGBN’s stock, we examine its different ratios. In the meantime, Its Debt-to-Equity ratio is 1.12 whereas as Long-Term Debt/Eq ratio is at 1.09.
Gabelli & Co Upgraded its Hold to Buy on January 29, 2021, while the target price for the stock was maintained at $45.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 05 ’24 when Rheaume Lindsey S sold 22,000 shares for $22.98 per share. The transaction valued at 505,501 led to the insider holds 9,075 shares of the business.
Saltzman Paul bought 1,500 shares of EGBN for $35,400 on Nov 14 ’23. The EVP/Chief Legal Officer now owns 12,967 shares after completing the transaction at $23.60 per share. On Nov 10 ’23, another insider, LaPlaca Theresa G., who serves as the Director of the company, sold 3,000 shares for $21.34 each. As a result, the insider received 64,031 and left with 18,291 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, EGBN now has a Market Capitalization of 688.54M. As of this moment, Eagle’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.41, and their Forward P/E ratio for the next fiscal year is 7.85. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.88. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.99 while its Price-to-Book (P/B) ratio in mrq is 0.50.
Stock Price History:
Over the past 52 weeks, EGBN has reached a high of $32.74, while it has fallen to a 52-week low of $16.72. The 50-Day Moving Average of the stock is 23.20, while the 200-Day Moving Average is calculated to be 24.09.
Shares Statistics:
It appears that EGBN traded 298.74K shares on average per day over the past three months and 240.04k shares per day over the past ten days. A total of 29.93M shares are outstanding, with a floating share count of 28.99M. Insiders hold about 3.14% of the company’s shares, while institutions hold 78.66% stake in the company. Shares short for EGBN as of Mar 15, 2024 were 2.46M with a Short Ratio of 7.05, compared to 2.05M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 8.24% and a Short% of Float of 11.88%.
Dividends & Splits
With its trailing 12-month dividend rate of 1.80, EGBN has a forward annual dividend rate of 0.90. Against a Trailing Annual Dividend Yield of 7.89%, it implies a Forward Annual Dividend Yield of 7.76%. The current Payout Ratio is 54.42% for EGBN, which recently paid a dividend on Apr 30, 2024 with an ex-dividend date of Jan 10, 2024. Stock splits for the company last occurred on May 29, 2013 when the company split stock in a 11:10 ratio.
Earnings Estimates
As of right now, 3 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.59 for the current quarter, with a high estimate of $0.61 and a low estimate of $0.57, while EPS last year was $0.78. The consensus estimate for the next quarter is $0.58, with high estimates of $0.6 and low estimates of $0.55.
Analysts are recommending an EPS of between $2.52 and $2.29 for the fiscal current year, implying an average EPS of $2.39. EPS for the following year is $2.7, with 3 analysts recommending between $2.85 and $2.45.
Revenue Estimates
In the current quarter, 2 analysts expect revenue to total $74.01M. It ranges from a high estimate of $75.42M to a low estimate of $72.6M. As of the current estimate, Eagle Bancorp Inc (MD)’s year-ago sales were $84.38M, an estimated decrease of -12.30% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $74.08M, an increase of 2.60% over than the figure of -$12.30% in the same quarter last year. There is a high estimate of $75.77M for the next quarter, whereas the lowest estimate is $72.4M.
A total of 2 analysts have provided revenue estimates for EGBN’s current fiscal year. The highest revenue estimate was $305.19M, while the lowest revenue estimate was $297.5M, resulting in an average revenue estimate of $301.34M. In the same quarter a year ago, actual revenue was $290.55M, up 3.70% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $325.26M in the next fiscal year. The high estimate is $328.82M and the low estimate is $321.7M. The average revenue growth estimate for next year is up 7.90% from the average revenue estimate for this year.
