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

Eagle Bancorp, Inc. (NASDAQ:EGBN) announced a quarterly dividend on Wednesday, October 21st. Investors of record on Friday, November 6th will be given a dividend of $0.01 per share by the financial services provider on Tuesday, November 17th. This represents a $0.04 annualized dividend and a yield of 0.1%. The ex-dividend date is Friday, November 6th.

Eagle Bancorp has decreased its dividend by an average of 0.1% per year over the last three years. Eagle Bancorp has a dividend payout ratio of 1.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Eagle Bancorp to earn $2.33 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 1.7%.

Eagle Bancorp Price Performance

NASDAQ:EGBN opened at $32.97 on Friday. Eagle Bancorp has a 52-week low of $15.03 and a 52-week high of $33.09. The stock has a fifty day moving average of $28.13 and a 200 day moving average of $27.48. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.86 and a current ratio of 0.87. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of -26.17 and a beta of 0.98.

Eagle Bancorp (NASDAQ:EGBN) last announced its earnings results on Wednesday, October 21st. The financial services provider reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.45. Eagle Bancorp had a return on equity of 4.68% and a net margin of 9.30%. The business had revenue of $70.87 million for the quarter, compared to analyst estimates of $71.78 million. On average, research analysts expect that Eagle Bancorp will post 1.52 EPS for the current fiscal year.

Eagle Bancorp Company Profile

Eagle Bancorp, Inc is the bank holding company for EagleBank, a commercial banking institution headquartered in Bethesda, Maryland. Founded in 1998, EagleBank serves businesses, professional practices, nonprofit organizations and individual customers primarily in the Washington, DC, metropolitan region, including communities in Maryland and Northern Virginia.

EagleBank provides commercial and retail banking services, including business and personal checking and savings accounts, commercial real estate lending, construction financing, commercial and industrial loans, residential mortgages and other credit products.