Eagle Bancorp (NASDAQ:EGBN) Issues Quarterly Earnings Results

Eagle Bancorp (NASDAQ:EGBN) issued its earnings results on Wednesday. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01), Zacks reports. Eagle Bancorp had a negative net margin of 6.65% and a positive return on equity of 4.69%.

Eagle Bancorp Trading Up 2.8 %

EGBN opened at $25.28 on Friday. The business’s fifty day simple moving average is $27.12 and its 200 day simple moving average is $24.20. Eagle Bancorp has a 52 week low of $15.99 and a 52 week high of $30.94. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.06.

Eagle Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be issued a $0.165 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.61%. Eagle Bancorp’s dividend payout ratio (DPR) is -42.04%.

Analysts Set New Price Targets

EGBN has been the subject of several research reports. StockNews.com raised Eagle Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. Keefe, Bruyette & Woods boosted their price objective on shares of Eagle Bancorp from $25.00 to $32.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Finally, Piper Sandler began coverage on shares of Eagle Bancorp in a report on Monday, October 21st. They set a “neutral” rating and a $27.00 target price for the company.

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.