Eagle Bancorp, Inc. (NASDAQ:EGBN – Get Free Report) declared a quarterly dividend on Wednesday, October 21st. Shareholders of record on Friday, November 6th will be paid a dividend of $0.01 per share by the financial services provider on Tuesday, November 17th. This represents a $0.04 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Friday, November 6th.
Eagle Bancorp has decreased its dividend by an average of 0.1% annually over the last three years. Eagle Bancorp has a dividend payout ratio of 1.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Eagle Bancorp to earn $2.31 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 1.7%.
Eagle Bancorp Price Performance
EGBN opened at $33.58 on Wednesday. The firm has a 50-day moving average price of $28.97 and a 200-day moving average price of $27.19. Eagle Bancorp has a twelve month low of $15.03 and a twelve month high of $34.43. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 19.19 and a beta of 0.97.
Eagle Bancorp (NASDAQ:EGBN – Get Free Report) last announced its quarterly earnings results on Wednesday, October 21st. The financial services provider reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.45. Eagle Bancorp had a net margin of 9.30% and a return on equity of 4.66%. The company had revenue of $70.87 million for the quarter, compared to analysts’ expectations of $71.78 million. Equities analysts expect that Eagle Bancorp will post 1.84 EPS for the current year.
Analysts Set New Price Targets
A number of equities analysts have recently commented on EGBN shares. Hovde Group initiated coverage on Eagle Bancorp in a report on Wednesday, October 7th. They issued an “outperform” rating and a $37.00 price target for the company. Zacks Research upgraded Eagle Bancorp from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 27th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Eagle Bancorp in a report on Wednesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Eagle Bancorp has an average rating of “Hold” and a consensus price target of $31.00.
Check Out Our Latest Research Report on Eagle Bancorp
Eagle Bancorp Company Profile
Eagle Bancorp, Inc is the bank holding company for EagleBank, a commercial banking institution headquartered in Bethesda, Maryland. Founded in 1998, EagleBank serves businesses, professional practices, nonprofit organizations and individual customers primarily in the Washington, DC, metropolitan region, including communities in Maryland and Northern Virginia.
EagleBank provides commercial and retail banking services, including business and personal checking and savings accounts, commercial real estate lending, construction financing, commercial and industrial loans, residential mortgages and other credit products.
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