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

Eagle Bancorp, Inc. (NASDAQ:EGBN) announced a quarterly dividend on Wednesday, April 22nd. Stockholders of record on Monday, May 4th will be paid a dividend of 0.01 per share by the financial services provider on Friday, May 15th. This represents a c) dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Monday, May 4th.

Eagle Bancorp has decreased its dividend by an average of 0.1%per year 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 $2.76 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 Stock Performance

Shares of EGBN stock opened at $26.88 on Thursday. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.07. The company has a 50 day moving average price of $25.69 and a 200-day moving average price of $22.59. Eagle Bancorp has a 52 week low of $15.03 and a 52 week high of $29.26. The firm has a market capitalization of $816.16 million, a PE ratio of -6.38 and a beta of 0.99.

Eagle Bancorp (NASDAQ:EGBN) last released its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.12. The firm had revenue of $76.40 million during the quarter, compared to analysts’ expectations of $77.37 million. Eagle Bancorp had a negative net margin of 20.19% and a negative return on equity of 10.93%. As a group, equities research analysts expect that Eagle Bancorp will post 1.7 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on EGBN. Raymond James Financial assumed coverage on shares of Eagle Bancorp in a research report on Tuesday, April 14th. They issued a “strong-buy” rating and a $32.00 target price for the company. Wall Street Zen upgraded Eagle Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Zacks Research raised Eagle Bancorp from a “hold” rating to a “strong-buy” rating in a report on Monday, April 6th. UBS Group set a $25.00 price objective on Eagle Bancorp in a research report on Tuesday, January 27th. Finally, Piper Sandler increased their target price on Eagle Bancorp from $23.00 to $27.00 and gave the company a “neutral” rating in a report on Monday, February 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Eagle Bancorp has a consensus rating of “Moderate Buy” and an average target price of $25.00.

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.