Eagle Bancorp, Inc. (NASDAQ:EGBN) Plans Quarterly Dividend of $0.22

Eagle Bancorp, Inc. (NASDAQ:EGBN) declared a quarterly dividend on Thursday, December 19th, Wall Street Journal reports. Shareholders of record on Wednesday, January 15th will be paid a dividend of 0.22 per share by the financial services provider on Friday, January 31st. This represents a $0.88 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date is Tuesday, January 14th.

Eagle Bancorp has a dividend payout ratio of 20.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Eagle Bancorp to earn $4.35 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 20.2%.

Shares of Eagle Bancorp stock opened at $47.59 on Monday. The company has a market cap of $1.64 billion, a P/E ratio of 10.77, a PEG ratio of 1.59 and a beta of 0.90. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.05 and a current ratio of 1.05. Eagle Bancorp has a one year low of $37.08 and a one year high of $60.77. The firm has a fifty day moving average of $47.03 and a two-hundred day moving average of $45.08.

Eagle Bancorp (NASDAQ:EGBN) last announced its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.08 EPS for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.03. The company had revenue of $87.30 million during the quarter, compared to the consensus estimate of $81.08 million. Eagle Bancorp had a net margin of 32.62% and a return on equity of 13.24%. Eagle Bancorp’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.13 EPS. As a group, equities analysts predict that Eagle Bancorp will post 4.35 earnings per share for the current year.

A number of equities analysts have recently issued reports on EGBN shares. Boenning Scattergood downgraded shares of Eagle Bancorp from an “outperform” rating to a “neutral” rating and set a $46.00 price target for the company. in a report on Friday, October 18th. Janney Montgomery Scott downgraded shares of Eagle Bancorp from a “buy” rating to a “neutral” rating in a report on Tuesday, September 24th. Stephens began coverage on shares of Eagle Bancorp in a research note on Monday, January 6th. They issued an “equal weight” rating and a $50.00 price objective on the stock. BidaskClub raised shares of Eagle Bancorp from a “hold” rating to a “buy” rating in a research note on Wednesday, December 18th. Finally, ValuEngine raised shares of Eagle Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, January 3rd. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $50.75.

Eagle Bancorp Company Profile

Eagle Bancorp, Inc operates as the bank holding company for EagleBank that provides commercial and consumer banking services primarily in the United States. It accepts business and personal checking, NOW, tiered savings, and money market accounts, as well as individual retirement and investment sweep accounts; and time deposits.

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