Eagle Bancorp (NASDAQ:EGBN) issued its earnings results on Wednesday. The financial services provider reported $1.06 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.02), Fidelity Earnings reports. The business had revenue of $87.44 million for the quarter, compared to the consensus estimate of $85.61 million. Eagle Bancorp had a return on equity of 13.24% and a net margin of 32.62%.
Shares of Eagle Bancorp stock traded up $0.03 on Thursday, reaching $47.63. The stock had a trading volume of 905 shares, compared to its average volume of 178,916. Eagle Bancorp has a 1 year low of $37.08 and a 1 year high of $60.77. The company has a market cap of $1.67 billion, a P/E ratio of 10.70, a price-to-earnings-growth ratio of 1.61 and a beta of 0.90. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.21. The business’s 50 day moving average is $47.33 and its two-hundred day moving average is $44.94.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date is Tuesday, January 14th. Eagle Bancorp’s payout ratio is presently 19.91%.
Several research firms have recently issued reports on EGBN. Janney Montgomery Scott lowered shares of Eagle Bancorp from a “buy” rating to a “neutral” rating in a research report on Tuesday, September 24th. BidaskClub raised shares of Eagle Bancorp from a “hold” rating to a “buy” rating in a report on Wednesday, December 18th. Stephens started coverage on shares of Eagle Bancorp in a research note on Monday, January 6th. They issued an “equal weight” rating and a $50.00 price objective for the company. Zacks Investment Research raised shares of Eagle Bancorp from a “sell” rating to a “hold” rating in a report on Monday, September 23rd. Finally, ValuEngine upgraded Eagle Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, January 3rd. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $50.75.
About Eagle Bancorp
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 and investment sweep accounts; and time deposits.
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