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.
Analyst Upgrades and Downgrades
Separately, StockNews.com downgraded Eagle Bancorp from a "hold" rating to a "sell" rating in a research report on Friday, July 22nd.
Eagle Bancorp Stock Performance
NASDAQ:EGBN traded up $0.07 during trading on Friday, hitting $47.72. The company's stock had a trading volume of 81,585 shares, compared to its average volume of 148,793. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.06. The firm has a 50 day moving average price of $47.52 and a 200 day moving average price of $53.07. The firm has a market cap of $1.53 billion, a P/E ratio of 9.82 and a beta of 0.94. Eagle Bancorp has a 52 week low of $44.85 and a 52 week high of $63.84.
Eagle Bancorp (NASDAQ:EGBN - Get Rating) last issued its quarterly earnings results on Wednesday, July 20th. The financial services provider reported $0.78 EPS for the quarter, missing the consensus estimate of $1.15 by ($0.37). Eagle Bancorp had a return on equity of 12.98% and a net margin of 39.92%. The business had revenue of $88.48 million during the quarter, compared to the consensus estimate of $91.00 million. During the same period in the prior year, the firm earned $1.50 earnings per share. Equities research analysts forecast that Eagle Bancorp will post 4.5 earnings per share for the current fiscal year.
Eagle Bancorp Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Stockholders of record on Monday, July 11th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 3.77%. The ex-dividend date was Friday, July 8th. This is a positive change from Eagle Bancorp's previous quarterly dividend of $0.40. Eagle Bancorp's dividend payout ratio (DPR) is presently 37.04%.