Eagle Bancorp, Inc. (NASDAQ:EGBN) to Issue $0.01 Quarterly Dividend

Eagle Bancorp, Inc. (NASDAQ:EGBN) announced a quarterly dividend on Wednesday, July 22nd. Investors of record on Thursday, August 6th will be paid a dividend of 0.01 per share by the financial services provider on Monday, August 17th. This represents a c) annualized dividend and a yield of 0.1%. The ex-dividend date is Thursday, August 6th.

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% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Performance

EGBN stock opened at $26.92 on Thursday. The company has a market cap of $821.09 million, a P/E ratio of -7.10 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 1 year low of $15.03 and a 1 year high of $29.29. The stock’s fifty day moving average price is $27.15 and its 200-day moving average price is $26.01.

Eagle Bancorp (NASDAQ:EGBN) last announced its earnings results on Wednesday, July 22nd. The financial services provider reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.11). The firm had revenue of $73.11 million during the quarter, compared to analysts’ expectations of $74.41 million. Eagle Bancorp had a negative return on equity of 10.03% and a negative net margin of 18.65%. On average, equities analysts forecast that Eagle Bancorp will post 1.79 earnings per share for the current year.

Wall Street Analysts Forecast Growth

EGBN has been the topic of several recent research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Eagle Bancorp in a research note on Friday, June 5th. Zacks Research cut shares of Eagle Bancorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 5th. Piper Sandler increased their price target on shares of Eagle Bancorp from $29.00 to $30.00 and gave the stock a “neutral” rating in a research report on Friday, June 26th. Finally, Raymond James Financial initiated coverage on shares of Eagle Bancorp in a research note on Tuesday, April 14th. They set a “strong-buy” rating and a $32.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $29.00.

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.