Eagle Bancorp, Inc. (EGBN) to Issue Quarterly Dividend of $0.01 on August 17th

Eagle Bancorp, Inc. (NASDAQ:EGBN) declared a quarterly dividend on Wednesday, July 22nd. Shareholders 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) dividend on an annualized basis and a 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 payout ratio of 1.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Eagle Bancorp to earn $2.37 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 1.7%.

Eagle Bancorp Price Performance

EGBN opened at $27.86 on Tuesday. The company’s 50-day simple moving average is $27.55 and its two-hundred day simple moving average is $26.37. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.86 and a current ratio of 0.87. The stock has a market capitalization of $849.73 million, a P/E ratio of -22.11 and a beta of 0.96. Eagle Bancorp has a 52-week low of $15.03 and a 52-week high of $29.29.

Eagle Bancorp (NASDAQ:EGBN) last released its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.11). Eagle Bancorp had a negative net margin of 6.43% and a negative return on equity of 3.37%. The company had revenue of $73.11 million for the quarter, compared to analysts’ expectations of $74.41 million. As a group, analysts predict that Eagle Bancorp will post 1.62 EPS for the current 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.