Eagle Bancorp (NASDAQ:EGBN – Get Free Report) released its quarterly earnings data on Wednesday. The financial services provider reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.11), FiscalAI reports. The firm had revenue of $73.11 million during the quarter, compared to analysts’ expectations of $74.41 million. Eagle Bancorp had a negative net margin of 6.43% and a negative return on equity of 3.38%.
Eagle Bancorp Stock Up 1.2%
NASDAQ:EGBN traded up $0.32 during mid-day trading on Friday, hitting $27.92. 28,396 shares of the company’s stock were exchanged, compared to its average volume of 321,726. The company has a market cap of $851.56 million, a PE ratio of -22.21 and a beta of 0.96. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.86 and a quick ratio of 0.86. Eagle Bancorp has a one year low of $15.03 and a one year high of $29.29. The business has a fifty day moving average price of $27.20 and a 200 day moving average price of $26.05.
Eagle Bancorp Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Thursday, August 6th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Thursday, August 6th. Eagle Bancorp’s dividend payout ratio (DPR) is -3.17%.
Wall Street Analysts Forecast Growth
Read Our Latest Research Report on EGBN
Hedge Funds Weigh In On Eagle Bancorp
Several large investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC grew its stake in shares of Eagle Bancorp by 113.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,092 shares of the financial services provider’s stock worth $80,000 after buying an additional 2,172 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Eagle Bancorp during the second quarter valued at $99,000. iSAM Funds UK Ltd bought a new stake in Eagle Bancorp in the third quarter worth $169,000. Kestra Advisory Services LLC bought a new stake in Eagle Bancorp in the fourth quarter worth $174,000. Finally, Caption Management LLC purchased a new stake in shares of Eagle Bancorp in the third quarter worth $202,000. 78.03% of the stock is currently owned by hedge funds and other institutional investors.
About Eagle Bancorp
Eagle Bancorp, Inc is the bank holding company for EagleBank, a commercial bank headquartered in Bethesda, Maryland. Since its founding in 1998, the company has focused on serving businesses and consumers in the Washington, DC metropolitan area. EagleBank operates a network of full-service branches and commercial banking centers, providing personalized financial solutions to corporate, nonprofit, real estate and individual clients.
The company’s product portfolio includes commercial real estate lending, construction and land development financing, small business administration (SBA) loans, commercial and industrial credit facilities, and residential mortgage loans.
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