Eagle Bancorp, Inc. (NASDAQ:EGBN) Announces Quarterly Dividend of $0.01

Eagle Bancorp, Inc. (NASDAQ:EGBN) declared a quarterly dividend on Wednesday, January 21st. Investors of record on Monday, February 2nd will be given a dividend of 0.01 per share by the financial services provider on Friday, February 13th. This represents a c) annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Monday, February 2nd.

Eagle Bancorp has raised its dividend payment by an average of 0.3%annually over the last three years. Eagle Bancorp has a payout ratio of 1.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Eagle Bancorp to earn $2.87 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 1.4%.

Eagle Bancorp Price Performance

Shares of NASDAQ EGBN opened at $24.03 on Thursday. The company has a quick ratio of 0.84, a current ratio of 0.86 and a debt-to-equity ratio of 0.07. The firm has a 50-day simple moving average of $20.55 and a 200-day simple moving average of $19.59. Eagle Bancorp has a 52 week low of $15.03 and a 52 week high of $27.07. The stock has a market capitalization of $729.79 million, a price-to-earnings ratio of -6.07 and a beta of 1.02.

Eagle Bancorp (NASDAQ:EGBN) last posted its quarterly earnings results on Wednesday, January 21st. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.37. Eagle Bancorp had a negative return on equity of 10.07% and a negative net margin of 18.65%.The business had revenue of $80.50 million during the quarter, compared to analyst estimates of $67.81 million. On average, equities analysts predict that Eagle Bancorp will post 2.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on EGBN. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Eagle Bancorp in a research note on Wednesday, October 8th. Piper Sandler dropped their price objective on shares of Eagle Bancorp from $22.00 to $19.00 and set a “neutral” rating for the company in a report on Monday, October 27th. Finally, Zacks Research raised shares of Eagle Bancorp from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 3rd. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $21.25.

Eagle Bancorp Company Profile

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.