Eagle Bancorp (NASDAQ:EGBN) Posts Earnings Results, Misses Expectations By $0.01 EPS

Eagle Bancorp (NASDAQ:EGBN) released its quarterly earnings results on Wednesday. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01), Zacks reports. Eagle Bancorp had a positive return on equity of 4.69% and a negative net margin of 6.65%.

Eagle Bancorp Price Performance

Shares of EGBN opened at $25.28 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.86 and a quick ratio of 0.86. Eagle Bancorp has a 1 year low of $15.99 and a 1 year high of $30.94. The company’s fifty day moving average is $27.12 and its two-hundred day moving average is $24.20.

Eagle Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 2.61%. The ex-dividend date is Friday, February 7th. Eagle Bancorp’s dividend payout ratio (DPR) is presently -42.04%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on EGBN. Keefe, Bruyette & Woods increased their price objective on Eagle Bancorp from $25.00 to $32.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. StockNews.com raised shares of Eagle Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, Piper Sandler assumed coverage on shares of Eagle Bancorp in a research note on Monday, October 21st. They set a “neutral” rating and a $27.00 target price for the company.

Eagle Bancorp Company Profile

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.