Eagle Bancorp, Inc. (EGBN) to Issue Quarterly Dividend of $0.01 on May 15th

Eagle Bancorp, Inc. (NASDAQ:EGBN) declared a quarterly dividend on Wednesday, April 22nd. Investors of record on Monday, May 4th will be given a dividend of 0.01 per share by the financial services provider on Friday, May 15th. This represents a c) annualized dividend and a yield of 0.2%. The ex-dividend date is Monday, May 4th.

Eagle Bancorp has decreased its dividend payment 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 $2.67 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 1.5%.

Eagle Bancorp Price Performance

Shares of NASDAQ EGBN opened at $26.13 on Friday. The stock’s 50-day simple moving average is $25.67 and its two-hundred day simple moving average is $22.79. Eagle Bancorp has a twelve month low of $15.03 and a twelve month high of $29.26. The firm has a market capitalization of $793.39 million, a P/E ratio of -6.89 and a beta of 0.99. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.07.

Eagle Bancorp (NASDAQ:EGBN) last issued its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.20. The firm had revenue of $76.40 million during the quarter, compared to the consensus estimate of $77.37 million. Eagle Bancorp had a negative return on equity of 10.03% and a negative net margin of 18.65%. As a group, equities analysts anticipate that Eagle Bancorp will post 1.78 EPS for the current fiscal year.

Hedge Funds Weigh In On Eagle Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the business. North Reef Capital Management LP boosted its position in Eagle Bancorp by 558.2% during the third quarter. North Reef Capital Management LP now owns 2,632,918 shares of the financial services provider’s stock valued at $53,238,000 after buying an additional 2,232,918 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Eagle Bancorp by 851.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 143,480 shares of the financial services provider’s stock valued at $2,901,000 after acquiring an additional 128,396 shares during the last quarter. SummerHaven Investment Management LLC bought a new stake in shares of Eagle Bancorp in the 3rd quarter valued at about $806,000. Sippican Capital Advisors boosted its holdings in Eagle Bancorp by 161.3% during the 4th quarter. Sippican Capital Advisors now owns 98,680 shares of the financial services provider’s stock valued at $2,114,000 after acquiring an additional 60,920 shares during the period. Finally, Quantbot Technologies LP boosted its holdings in Eagle Bancorp by 43.1% during the 3rd quarter. Quantbot Technologies LP now owns 70,393 shares of the financial services provider’s stock valued at $1,423,000 after acquiring an additional 21,194 shares during the period. Institutional investors own 78.03% of the company’s stock.

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.