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

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 dividend yield of 0.1%. The ex-dividend date of this dividend 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% meaning 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 Trading Down 1.2%

EGBN opened at $26.92 on Thursday. Eagle Bancorp has a 52-week low of $15.03 and a 52-week high of $29.29. The firm has a market capitalization of $821.09 million, a P/E ratio of -7.10 and a beta of 0.96. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.07. The firm’s 50 day moving average is $27.15 and its 200-day moving average is $26.01.

Eagle Bancorp (NASDAQ:EGBN) last posted its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates 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 net margin of 18.65% and a negative return on equity of 10.03%. Analysts expect that Eagle Bancorp will post 1.79 EPS for the current fiscal year.

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.