Eagle Bancorp, Inc. (NASDAQ:EGBN) to Issue Quarterly Dividend of $0.17

Eagle Bancorp, Inc. (NASDAQ:EGBN) announced a quarterly dividend on Monday, September 30th, Wall Street Journal reports. Shareholders of record on Monday, October 21st will be paid a dividend of 0.165 per share by the financial services provider on Thursday, October 31st. This represents a $0.66 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend is Monday, October 21st.

Eagle Bancorp has raised its dividend payment by an average of 26.9% annually over the last three years. Eagle Bancorp has a dividend payout ratio of 30.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Eagle Bancorp to earn $1.85 per share next year, which means the company should continue to be able to cover its $0.66 annual dividend with an expected future payout ratio of 35.7%.

Eagle Bancorp Stock Down 1.5 %

Shares of NASDAQ:EGBN opened at $24.45 on Friday. The firm has a fifty day moving average of $21.83 and a 200 day moving average of $20.47. Eagle Bancorp has a 52-week low of $15.99 and a 52-week high of $31.97. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market capitalization of $738.15 million, a PE ratio of 9.74 and a beta of 1.09.

Eagle Bancorp (NASDAQ:EGBN) last announced its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $0.67 EPS for the quarter, beating the consensus estimate of $0.33 by $0.34. The firm had revenue of $175.06 million for the quarter, compared to analyst estimates of $80.90 million. Eagle Bancorp had a positive return on equity of 5.50% and a negative net margin of 5.28%. During the same period in the prior year, the company earned $0.94 EPS. As a group, research analysts anticipate that Eagle Bancorp will post 1.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods upped their price objective on shares of Eagle Bancorp from $20.00 to $22.00 and gave the company a “market perform” rating in a research note on Monday, July 29th.

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.