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. In addition, it provides online and mobile banking services; and other services, including cash management services, business sweep accounts, lock boxes, remote deposit captures, account reconciliation services, merchant card services, safety deposit boxes, and automated clearing house origination, as well as after-hours depositories and ATM services. Further, the company offers insurance products and services through a referral program. The company serves sole proprietors, small and medium-sized businesses, partnerships, corporations, non-profit organizations and associations, and individuals, as well as investors. As of December 31, 2021, it operated seventeen banking offices comprising 6 in Suburban Maryland, 5 in the District of Columbia, and 6 in Northern Virginia. Eagle Bancorp, Inc. was incorporated in 1997 and is headquartered in Bethesda, Maryland.
Eagle Bancorp Stock Up 0.5 %
Eagle Bancorp stock traded up $0.25 during midday trading on Monday, reaching $47.97. The stock had a trading volume of 1 shares, compared to its average volume of 179,985. Eagle Bancorp has a 12 month low of $44.85 and a 12 month high of $63.84. The company has a market capitalization of $1.54 billion, a P/E ratio of 9.82 and a beta of 0.94. The company has a fifty day moving average price of $47.52 and a two-hundred day moving average price of $53.02. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.06.
Eagle Bancorp (NASDAQ:EGBN - Get Rating) last issued its quarterly earnings data on Wednesday, July 20th. The financial services provider reported $0.78 EPS for the quarter, missing analysts' consensus estimates of $1.15 by ($0.37). The company had revenue of $88.48 million for the quarter, compared to the consensus estimate of $91.00 million. Eagle Bancorp had a return on equity of 12.98% and a net margin of 39.92%. During the same period in the prior year, the firm posted $1.50 earnings per share. As a group, equities analysts expect that Eagle Bancorp will post 4.5 EPS for the current fiscal year.
Eagle Bancorp Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Shareholders of record on Monday, July 11th were issued a dividend of $0.45 per share. This is a positive change from Eagle Bancorp's previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date of this dividend was Friday, July 8th. Eagle Bancorp's payout ratio is currently 37.04%.
Analyst Upgrades and Downgrades
Separately, StockNews.com lowered Eagle Bancorp from a "hold" rating to a "sell" rating in a research report on Friday, July 22nd.