Eagle Bancorp (EGBN) Releases Earnings Results, Beats Expectations By $0.03 EPS

Eagle Bancorp (EGBN) announced its most recent quarterly financial results on Wednesday, Oct-19-2016. EGBN said it had a profit of $0.72 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.69. The company posted revenue of $71.10 million in the period, compared to analysts expectations of $65.52 million. EGBN’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 EPS.

Eagle Bancorp opened for trading at $48.85 and hit $49.41 on the upside on Friday, eventually ending the session at $48.96, with a gain of 1.12% or 0.54 points. The heightened volatility saw the trading volume jump to 43,721 shares. Company has a market cap of $1,645 M.

In a different news, on Oct 3, 2016, Leslie M Alperstein (director) sold 5,000 shares at $49.24 per share price. According to the SEC, on Sep 26, 2016, Dudley C Dworken (director) sold 1,167 shares at $50.29 per share price. On Jun 13, 2016, Robert P Pincus (director) sold 4,515 shares at $50.89 per share price, according to the Form-4 filing with the securities and exchange commission.

Eagle Bancorp Inc. is a bank holding company for EagleBank (the Bank). The Bank is the Company’s principal operating subsidiary. The Bank is a chartered commercial bank. The Bank operates twenty two banking offices: seven in Montgomery County Maryland; five located in the District of Columbia and ten in Northern Virginia. The Bank offers a range of commercial banking services to its business and professional clients as well as consumer banking services to individuals living or working in the service area. The Bank also provides commercial banking services to sole proprietorships small medium and large-sized businesses partnerships corporations non-profit organizations and associations and investors. The Bank offers a range of retail banking services to accommodate the individual needs of both corporate customers as well as the community the Bank serves. The Bank also offers online banking mobile banking and a remote deposit service.

Eagle Bancorp

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