Eagle Bancorp (NASDAQ:EGBN) Releases Quarterly Earnings Results

Eagle Bancorp (NASDAQ:EGBN) posted its quarterly earnings results on Tuesday. The financial services provider reported $1.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.28, MarketWatch Earnings reports. Eagle Bancorp had a return on equity of 12.42% and a net margin of 35.38%.

Shares of NASDAQ EGBN traded down $3.20 during mid-day trading on Thursday, reaching $52.73. The company had a trading volume of 4,430 shares, compared to its average volume of 143,431. Eagle Bancorp has a twelve month low of $24.81 and a twelve month high of $58.84. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.98 and a quick ratio of 0.96. The firm has a market capitalization of $1.69 billion, a PE ratio of 11.77 and a beta of 1.16. The stock has a 50 day simple moving average of $56.45.

The company also recently announced a quarterly dividend, which will be paid on Monday, August 2nd. Shareholders of record on Thursday, July 22nd will be paid a dividend of $0.35 per share. This is an increase from Eagle Bancorp’s previous quarterly dividend of $0.25. This represents a $1.40 annualized dividend and a yield of 2.66%. The ex-dividend date of this dividend is Wednesday, July 21st. Eagle Bancorp’s payout ratio is 24.51%.

Separately, Zacks Investment Research downgraded shares of Eagle Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, April 6th. Five investment analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and an average price target of $43.33.

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. 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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Earnings History for Eagle Bancorp (NASDAQ:EGBN)

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