Eagle Bancorp (NASDAQ:EGBN) Releases Quarterly Earnings Results, Beats Expectations By $0.28 EPS

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

Shares of Eagle Bancorp stock opened at $55.93 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.96 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of 11.77 and a beta of 1.16. The firm has a 50 day moving average of $56.45. Eagle Bancorp has a fifty-two week low of $24.81 and a fifty-two week high of $58.84.

The business also recently declared a quarterly dividend, which will be paid on Monday, August 2nd. Investors of record on Thursday, July 22nd will be issued a $0.35 dividend. The ex-dividend date is Wednesday, July 21st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.50%. This is a positive change from Eagle Bancorp’s previous quarterly dividend of $0.25. Eagle Bancorp’s dividend payout ratio (DPR) is currently 24.51%.

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

About Eagle Bancorp

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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