Eagle Bancorp (NASDAQ:EGBN – Get Free Report) released its quarterly earnings results on Wednesday. The financial services provider reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.27, Yahoo Finance reports. Eagle Bancorp had a positive return on equity of 5.50% and a negative net margin of 5.28%. The company had revenue of $180.76 million for the quarter, compared to analyst estimates of $80.31 million. During the same quarter in the prior year, the firm posted $0.91 EPS.
Eagle Bancorp Stock Down 2.6 %
Shares of EGBN traded down $0.71 during midday trading on Friday, reaching $26.17. 347,000 shares of the stock were exchanged, compared to its average volume of 322,990. Eagle Bancorp has a 52 week low of $15.99 and a 52 week high of $31.97. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.42. The company’s 50 day moving average is $22.31 and its two-hundred day moving average is $20.54. The company has a market capitalization of $790.07 million, a P/E ratio of 10.43 and a beta of 1.09.
Eagle Bancorp Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, October 21st will be paid a $0.165 dividend. The ex-dividend date of this dividend is Monday, October 21st. This represents a $0.66 dividend on an annualized basis and a yield of 2.52%. Eagle Bancorp’s payout ratio is 26.29%.
Wall Street Analysts Forecast Growth
Read Our Latest Research Report on Eagle Bancorp
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.
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