Eagle Bancorp, Inc. (NASDAQ:EGBN) Shareholders to Collect $0.01 Quarterly Dividend

Eagle Bancorp, Inc. (NASDAQ:EGBN) announced a quarterly dividend on Wednesday, October 21st. Stockholders of record on Friday, November 6th will be given a dividend of $0.01 per share by the financial services provider on Tuesday, November 17th. This represents a $0.04 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Friday, November 6th.

Eagle Bancorp has decreased its dividend by an average of 0.1% per year over the last three years. Eagle Bancorp has a payout ratio of 1.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Eagle Bancorp to earn $2.33 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 1.7%.

Eagle Bancorp Price Performance

Shares of EGBN traded up $2.83 during trading hours on Thursday, hitting $31.36. 227,551 shares of the company were exchanged, compared to its average volume of 315,559. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.87 and a quick ratio of 0.86. The company has a market capitalization of $955.92 million, a PE ratio of -24.86 and a beta of 0.98. The firm has a fifty day simple moving average of $28.05 and a 200-day simple moving average of $27.43. Eagle Bancorp has a one year low of $15.03 and a one year high of $31.55.

Eagle Bancorp (NASDAQ:EGBN) last announced its earnings results on Wednesday, October 21st. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.45. Eagle Bancorp had a negative return on equity of 3.37% and a negative net margin of 6.43%. The company had revenue of $70.87 million for the quarter, compared to analyst estimates of $71.78 million. As a group, sell-side analysts predict that Eagle Bancorp will post 1.52 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Cyndeo Wealth Partners LLC acquired a new position in Eagle Bancorp during the third quarter valued at $200,000. Fortitude Family Office LLC lifted its stake in Eagle Bancorp by 2,280.6% in the 3rd quarter. Fortitude Family Office LLC now owns 1,714 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 1,642 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in Eagle Bancorp in the 2nd quarter worth about $62,000. Corient Private Wealth LP lifted its stake in Eagle Bancorp by 61.2% in the 2nd quarter. Corient Private Wealth LP now owns 28,104 shares of the financial services provider’s stock worth $798,000 after acquiring an additional 10,669 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Eagle Bancorp by 15.2% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 49,033 shares of the financial services provider’s stock worth $1,392,000 after acquiring an additional 6,487 shares during the period. Hedge funds and other institutional investors own 78.03% of the company’s stock.

About Eagle Bancorp

Eagle Bancorp, Inc is the bank holding company for EagleBank, a commercial banking institution headquartered in Bethesda, Maryland. Founded in 1998, EagleBank serves businesses, professional practices, nonprofit organizations and individual customers primarily in the Washington, DC, metropolitan region, including communities in Maryland and Northern Virginia.

EagleBank provides commercial and retail banking services, including business and personal checking and savings accounts, commercial real estate lending, construction financing, commercial and industrial loans, residential mortgages and other credit products.