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

Eagle Bancorp, Inc. (NASDAQ:EGBN) declared a quarterly dividend on Wednesday, April 22nd. Shareholders of record on Monday, May 4th will be paid a dividend of 0.01 per share by the financial services provider on Friday, May 15th. This represents a c) dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Monday, May 4th.

Eagle Bancorp has decreased its dividend by an average of 0.1%annually over the last three years. Eagle Bancorp has a dividend payout ratio of 1.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Eagle Bancorp to earn $2.76 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 Performance

Shares of NASDAQ EGBN opened at $26.88 on Thursday. The stock has a fifty day moving average price of $25.69 and a two-hundred day moving average price of $22.59. 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 cap of $816.16 million, a P/E ratio of -6.38 and a beta of 0.99. Eagle Bancorp has a 1 year low of $15.03 and a 1 year high of $29.26.

Eagle Bancorp (NASDAQ:EGBN) last issued its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.12. The firm had revenue of $76.40 million during the quarter, compared to analyst estimates of $77.37 million. Eagle Bancorp had a negative return on equity of 10.93% and a negative net margin of 20.19%. Research analysts forecast that Eagle Bancorp will post 1.7 EPS for the current fiscal year.

Hedge Funds Weigh In On Eagle Bancorp

Several hedge funds have recently bought and sold shares of EGBN. Versant Capital Management Inc increased its position in Eagle Bancorp by 102.2% during the third quarter. Versant Capital Management Inc now owns 1,490 shares of the financial services provider’s stock worth $30,000 after buying an additional 753 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of Eagle Bancorp by 128.6% in the fourth quarter. Farther Finance Advisors LLC now owns 1,390 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 782 shares during the last quarter. Financial Consulate Inc. acquired a new stake in shares of Eagle Bancorp in the third quarter valued at about $34,000. Hantz Financial Services Inc. grew its position in shares of Eagle Bancorp by 298.0% in the third quarter. Hantz Financial Services Inc. now owns 3,176 shares of the financial services provider’s stock valued at $64,000 after purchasing an additional 2,378 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its position in shares of Eagle Bancorp by 113.1% in the second quarter. Tower Research Capital LLC TRC now owns 4,092 shares of the financial services provider’s stock valued at $80,000 after purchasing an additional 2,172 shares during the last quarter. 78.03% of the stock is owned by institutional investors and hedge funds.

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.