Eagle Bancorp, Inc. (EGBN) To Go Ex-Dividend on August 6th

Eagle Bancorp, Inc. (NASDAQ:EGBN) declared a quarterly dividend on Wednesday, July 22nd. Investors of record on Thursday, August 6th will be paid a dividend of 0.01 per share by the financial services provider on Monday, August 17th. This represents a c) annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Thursday, August 6th.

Eagle Bancorp has decreased its dividend payment by an average of 0.1%per year over the last three years. Eagle Bancorp has a payout ratio of 1.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Eagle Bancorp to earn $2.67 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 1.5%.

Eagle Bancorp Trading Up 2.4%

NASDAQ:EGBN opened at $27.60 on Friday. The firm has a market capitalization of $841.80 million, a P/E ratio of -21.90 and a beta of 0.96. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.07. The company has a fifty day moving average of $27.20 and a 200 day moving average of $26.05. Eagle Bancorp has a 52 week low of $15.03 and a 52 week high of $29.29.

Eagle Bancorp (NASDAQ:EGBN) last released its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.11). The firm had revenue of $73.11 million during the quarter, compared to analysts’ expectations of $74.41 million. Eagle Bancorp had a negative net margin of 6.43% and a negative return on equity of 3.38%. On average, research analysts predict that Eagle Bancorp will post 1.79 earnings per share for the current year.

Hedge Funds Weigh In On Eagle Bancorp

Several institutional investors and hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC lifted its position in Eagle Bancorp by 128.6% in the 4th quarter. Farther Finance Advisors LLC now owns 1,390 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 782 shares in the last quarter. Cassaday & Co Wealth Management LLC purchased a new stake in shares of Eagle Bancorp during the first quarter valued at $37,000. Tower Research Capital LLC TRC boosted its position in shares of Eagle Bancorp by 113.1% during the second quarter. Tower Research Capital LLC TRC now owns 4,092 shares of the financial services provider’s stock valued at $80,000 after buying an additional 2,172 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Eagle Bancorp in the 2nd quarter worth about $99,000. Finally, Versant Capital Management Inc increased its holdings in Eagle Bancorp by 16.2% in the 2nd quarter. Versant Capital Management Inc now owns 3,545 shares of the financial services provider’s stock worth $101,000 after buying an additional 493 shares in the last quarter. 78.03% of the stock is currently owned by institutional investors.

Eagle Bancorp Company Profile

Eagle Bancorp, Inc is the bank holding company for EagleBank, a commercial bank headquartered in Bethesda, Maryland. Since its founding in 1998, the company has focused on serving businesses and consumers in the Washington, DC metropolitan area. EagleBank operates a network of full-service branches and commercial banking centers, providing personalized financial solutions to corporate, nonprofit, real estate and individual clients.

The company’s product portfolio includes commercial real estate lending, construction and land development financing, small business administration (SBA) loans, commercial and industrial credit facilities, and residential mortgage loans.