Eagle Bancorp (NASDAQ:EGBN) Announces Quarterly Earnings Results, Beats Expectations By $0.28 EPS

Eagle Bancorp (NASDAQ:EGBN) announced its quarterly earnings data on Tuesday. The financial services provider reported $1.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.28, MarketWatch Earnings reports. Eagle Bancorp had a return on equity of 12.42% and a net margin of 35.38%.

EGBN stock traded down $1.20 during midday trading on Thursday, reaching $54.73. The company had a trading volume of 621 shares, compared to its average volume of 143,431. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.98 and a quick ratio of 0.96. The stock’s 50 day moving average price is $56.45. Eagle Bancorp has a fifty-two week low of $24.81 and a fifty-two week high of $58.84. The stock has a market cap of $1.75 billion, a price-to-earnings ratio of 11.77 and a beta of 1.16.

The business also recently announced a quarterly dividend, which will be paid on Monday, August 2nd. Shareholders of record on Thursday, July 22nd will be paid a $0.35 dividend. This is an increase from Eagle Bancorp’s previous quarterly dividend of $0.25. This represents a $1.40 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date is Wednesday, July 21st. Eagle Bancorp’s payout ratio is presently 24.51%.

Separately, Zacks Investment Research lowered Eagle Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, April 6th. Five analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and a consensus price target of $43.33.

About Eagle Bancorp

Eagle Bancorp, Inc operates as the bank holding company for EagleBank that provides commercial and consumer banking services primarily in the United States. The company also offers various commercial and consumer lending products comprising commercial loans for working capital, equipment purchases, real estate lines of credit, and government contract financing; asset based lending and accounts receivable financing; construction and commercial real estate loans; business equipment financing; consumer home equity lines of credit, personal lines of credit, and term loans; consumer installment loans, such as auto and personal loans; personal credit cards; and residential mortgage loans.

Further Reading: Upside/Downside

Earnings History for Eagle Bancorp (NASDAQ:EGBN)

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