Eagle Bancorp, Inc. (EGBN) To Go Ex-Dividend on April 17th

Eagle Bancorp, Inc. (NASDAQ:EGBNGet Free Report) announced a quarterly dividend on Thursday, March 28th, Zacks reports. Stockholders of record on Thursday, April 18th will be given a dividend of 0.45 per share by the financial services provider on Tuesday, April 30th. This represents a $1.80 annualized dividend and a dividend yield of 8.44%. The ex-dividend date is Wednesday, April 17th.

Eagle Bancorp has increased its dividend by an average of 26.9% per year over the last three years. Eagle Bancorp has a dividend payout ratio of 66.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Eagle Bancorp to earn $2.65 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 67.9%.

Eagle Bancorp Stock Up 0.6 %

EGBN stock opened at $21.33 on Monday. The firm has a market cap of $638.41 million, a PE ratio of 6.46 and a beta of 1.02. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.97 and a current ratio of 0.97. The firm’s 50 day moving average price is $22.99 and its 200-day moving average price is $24.11. Eagle Bancorp has a one year low of $16.72 and a one year high of $32.45.

Eagle Bancorp (NASDAQ:EGBNGet Free Report) last released its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $0.67 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.09). The firm had revenue of $75.89 million for the quarter, compared to analysts’ expectations of $75.67 million. Eagle Bancorp had a net margin of 15.54% and a return on equity of 8.12%. On average, equities research analysts anticipate that Eagle Bancorp will post 2.32 EPS for the current year.

Insiders Place Their Bets

In other Eagle Bancorp news, EVP Lindsey S. Rheaume sold 22,000 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $22.98, for a total value of $505,560.00. Following the completion of the transaction, the executive vice president now owns 9,075 shares in the company, valued at $208,543.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 3.10% of the company’s stock.

Hedge Funds Weigh In On Eagle Bancorp

Institutional investors and hedge funds have recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its stake in Eagle Bancorp by 1.2% in the second quarter. Price T Rowe Associates Inc. MD now owns 19,864 shares of the financial services provider’s stock valued at $942,000 after acquiring an additional 230 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Eagle Bancorp by 2.3% in the fourth quarter. The Manufacturers Life Insurance Company now owns 12,420 shares of the financial services provider’s stock valued at $547,000 after acquiring an additional 277 shares in the last quarter. Mariner LLC boosted its stake in Eagle Bancorp by 2.0% in the fourth quarter. Mariner LLC now owns 20,003 shares of the financial services provider’s stock valued at $882,000 after acquiring an additional 391 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in Eagle Bancorp by 1.1% in the third quarter. UBS Asset Management Americas Inc. now owns 38,521 shares of the financial services provider’s stock valued at $1,727,000 after acquiring an additional 419 shares in the last quarter. Finally, Gamco Investors INC. ET AL boosted its stake in Eagle Bancorp by 0.6% in the fourth quarter. Gamco Investors INC. ET AL now owns 83,198 shares of the financial services provider’s stock valued at $3,667,000 after acquiring an additional 492 shares in the last quarter. Institutional investors and hedge funds own 78.03% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered Eagle Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, March 27th.

Check Out Our Latest Stock Report on EGBN

Eagle Bancorp Company Profile

(Get Free Report)

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.

Further Reading

Dividend History for Eagle Bancorp (NASDAQ:EGBN)

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