Eagle Bancorp, Inc. (NASDAQ:EGBN) Plans $0.01 Quarterly Dividend

Eagle Bancorp, Inc. (NASDAQ:EGBN) declared a quarterly dividend on Wednesday, January 21st. Shareholders of record on Monday, February 2nd will be given a dividend of 0.01 per share by the financial services provider on Friday, February 13th. This represents a c) annualized dividend and a yield of 0.2%. The ex-dividend date is Monday, February 2nd.

Eagle Bancorp has raised its dividend by an average of 0.3%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. Equities research analysts expect Eagle Bancorp to earn $2.87 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 1.4%.

Eagle Bancorp Stock Up 6.8%

Shares of NASDAQ:EGBN opened at $24.03 on Thursday. The company has a market capitalization of $729.79 million, a PE ratio of -6.07 and a beta of 1.02. Eagle Bancorp has a 1 year low of $15.03 and a 1 year high of $27.07. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.86 and a quick ratio of 0.84. The business has a fifty day moving average price of $20.55 and a two-hundred day moving average price of $19.59.

Eagle Bancorp (NASDAQ:EGBN) last issued its quarterly earnings results on Wednesday, January 21st. The financial services provider reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.37. Eagle Bancorp had a negative net margin of 18.65% and a negative return on equity of 10.07%. The company had revenue of $80.50 million for the quarter, compared to the consensus estimate of $67.81 million. Analysts forecast that Eagle Bancorp will post 2.31 earnings per share for the current year.

About Eagle Bancorp

Eagle Bancorp, Inc is the bank holding company for EagleBank, a commercial bank headquartered in Bethesda, Maryland. Since its founding in 1998, the company has focused on serving businesses and consumers in the Washington, DC metropolitan area. EagleBank operates a network of full-service branches and commercial banking centers, providing personalized financial solutions to corporate, nonprofit, real estate and individual clients.

The company’s product portfolio includes commercial real estate lending, construction and land development financing, small business administration (SBA) loans, commercial and industrial credit facilities, and residential mortgage loans.