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

Eagle Bancorp (NASDAQ:EGBN) issued its earnings results on Tuesday. The financial services provider reported $1.50 earnings per share for the quarter, topping the 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%.

Shares of EGBN stock traded down $2.81 during midday trading on Thursday, hitting $53.12. The company had a trading volume of 2,173 shares, compared to its average volume of 143,431. The stock has a 50 day simple moving average of $56.45. Eagle Bancorp has a 52-week low of $24.81 and a 52-week high of $58.84. The firm has a market capitalization of $1.70 billion, a PE ratio of 11.77 and a beta of 1.16. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.96 and a current ratio of 0.98.

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 annualized dividend and a dividend yield of 2.64%. The ex-dividend date is Wednesday, July 21st. Eagle Bancorp’s dividend payout ratio (DPR) is 24.51%.

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

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Earnings History for Eagle Bancorp (NASDAQ:EGBN)

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