Eagle Bancorp (NASDAQ:EGBN – Get Free Report) released its quarterly earnings data on Wednesday. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.34, Zacks reports. The firm had revenue of $175.06 million during the quarter, compared to analysts’ expectations of $80.90 million. Eagle Bancorp had a return on equity of 6.11% and a net margin of 11.14%. During the same quarter in the prior year, the business posted $0.94 earnings per share.
Eagle Bancorp Stock Performance
NASDAQ:EGBN traded up $0.21 during trading hours on Thursday, hitting $22.65. The company’s stock had a trading volume of 486,590 shares, compared to its average volume of 319,820. The business’s 50-day moving average is $18.84 and its two-hundred day moving average is $21.68. The company has a market capitalization of $683.80 million, a PE ratio of 9.02 and a beta of 1.08. Eagle Bancorp has a 52-week low of $15.99 and a 52-week high of $31.97.
Eagle Bancorp Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Saturday, July 20th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 7.95%. The ex-dividend date of this dividend is Friday, July 19th. Eagle Bancorp’s payout ratio is 71.71%.
Insider Buying and Selling at Eagle Bancorp
Analyst Upgrades and Downgrades
Separately, StockNews.com cut Eagle Bancorp from a “hold” rating to a “sell” rating in a research report on Sunday, June 9th.
Get Our Latest Analysis on Eagle Bancorp
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.
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