Free Trial

Eagle Bancorp, Inc. (NASDAQ:EGBN) Announces Quarterly Dividend of $0.17

Eagle Bancorp logo with Finance background

Eagle Bancorp, Inc. (NASDAQ:EGBN - Get Free Report) declared a quarterly dividend on Wednesday, July 23rd, Wall Street Journal reports. Stockholders of record on Friday, August 8th will be paid a dividend of 0.165 per share by the financial services provider on Friday, August 29th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date is Friday, August 8th.

Eagle Bancorp has a payout ratio of 23.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Eagle Bancorp to earn $2.87 per share next year, which means the company should continue to be able to cover its $0.66 annual dividend with an expected future payout ratio of 23.0%.

Eagle Bancorp Stock Up 2.0%

Shares of NASDAQ:EGBN traded up $0.32 during midday trading on Monday, hitting $16.57. 759,781 shares of the company's stock traded hands, compared to its average volume of 513,056. Eagle Bancorp has a twelve month low of $15.74 and a twelve month high of $30.94. The company has a market cap of $503.40 million, a PE ratio of -16.25 and a beta of 1.05. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.85 and a current ratio of 0.85. The firm's fifty day moving average price is $18.84 and its two-hundred day moving average price is $20.88.

Eagle Bancorp (NASDAQ:EGBN - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The financial services provider reported ($2.30) earnings per share for the quarter, missing analysts' consensus estimates of $0.40 by ($2.70). Eagle Bancorp had a negative net margin of 4.60% and a negative return on equity of 2.54%. The business had revenue of $74.19 million for the quarter, compared to the consensus estimate of $73.03 million. On average, equities research analysts anticipate that Eagle Bancorp will post 2.31 EPS for the current fiscal year.

Institutional Trading of Eagle Bancorp

Large investors have recently modified their holdings of the company. Millennium Management LLC lifted its holdings in shares of Eagle Bancorp by 164.6% during the 1st quarter. Millennium Management LLC now owns 314,370 shares of the financial services provider's stock worth $6,602,000 after acquiring an additional 195,567 shares during the period. Empowered Funds LLC grew its position in shares of Eagle Bancorp by 65.0% during the 1st quarter. Empowered Funds LLC now owns 91,087 shares of the financial services provider's stock worth $1,913,000 after buying an additional 35,898 shares during the period. AQR Capital Management LLC boosted its stake in Eagle Bancorp by 8.9% during the 1st quarter. AQR Capital Management LLC now owns 219,930 shares of the financial services provider's stock worth $4,619,000 after acquiring an additional 17,943 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Eagle Bancorp by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,581 shares of the financial services provider's stock worth $369,000 after acquiring an additional 780 shares during the last quarter. 78.03% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on EGBN shares. Keefe, Bruyette & Woods dropped their target price on shares of Eagle Bancorp from $25.00 to $22.00 and set a "market perform" rating on the stock in a report on Monday, April 28th. Jefferies Financial Group set a $20.00 price target on shares of Eagle Bancorp and gave the company a "hold" rating in a report on Wednesday, May 21st. Piper Sandler cut their price target on shares of Eagle Bancorp from $25.00 to $21.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Wall Street Zen lowered shares of Eagle Bancorp from a "hold" rating to a "strong sell" rating in a research note on Saturday. Finally, Janney Montgomery Scott upgraded shares of Eagle Bancorp from a "neutral" rating to a "buy" rating and set a $24.00 price objective on the stock in a research note on Tuesday, June 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $21.75.

Read Our Latest Analysis on EGBN

Eagle Bancorp Company Profile

(Get Free Report)

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.

Featured Articles

Dividend History for Eagle Bancorp (NASDAQ:EGBN)

Should You Invest $1,000 in Eagle Bancorp Right Now?

Before you consider Eagle Bancorp, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Eagle Bancorp wasn't on the list.

While Eagle Bancorp currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

(Almost)  Everything You Need To Know About The EV Market Cover

Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

5 Stocks to BUY NOW in August 2025
The $2.5B Merger No One Is Talking About
ALERT: Big Tech Earnings – Watch Before Wednesday

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines