Eagle Bancorp, Inc. Plans Quarterly Dividend of $0.01 (NASDAQ:EGBN)

Key Points

• Eagle Bancorp, Inc. has announced a quarterly dividend of $0.01 per share, with the ex-dividend date set for November 3rd.
• The company has a payout ratio of 23.1%, indicating its dividend is well covered by earnings, and is projected to continue this trend with an expected payout ratio of 23.0% for next year.
• Eagle Bancorp reported $1.20 earnings per share for the last quarter, despite having a negative net margin of 4.60% and a negative return on equity of 2.54%.

Eagle Bancorp, Inc. (NASDAQ:EGBN - Get Free Report) declared a quarterly dividend on Thursday, October 23rd. Stockholders of record on Monday, November 3rd will be given a dividend of 0.01 per share by the financial services provider on Friday, November 14th. This represents a c) dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Monday, November 3rd.

Eagle Bancorp has a payout ratio of 23.1% indicating that its dividend is sufficiently covered by earnings. 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 Trading Down 0.4%

Eagle Bancorp stock opened at $19.38 on Thursday. The firm has a 50-day moving average of $19.95 and a 200-day moving average of $19.09. Eagle Bancorp has a one year low of $15.47 and a one year high of $30.94. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market cap of $588.57 million, a price-to-earnings ratio of -19.00 and a beta of 1.13.

Eagle Bancorp (NASDAQ:EGBN - Get Free Report) last issued its earnings results on Monday, September 11th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter. The business had revenue of $88.48 million during the quarter. Eagle Bancorp had a negative net margin of 4.60% and a negative return on equity of 2.54%. On average, equities analysts expect that Eagle Bancorp will post 2.31 earnings per share for the current fiscal year.

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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