Eagle Bancorp (NASDAQ:EGBN) Announces Earnings Results

Eagle Bancorp (NASDAQ:EGBN) posted its quarterly earnings data on Wednesday. The financial services provider reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.34, Zacks reports. Eagle Bancorp had a negative net margin of 5.28% and a positive return on equity of 5.41%. The company had revenue of $175.06 million during the quarter, compared to analyst estimates of $80.90 million. During the same period in the prior year, the firm earned $0.94 earnings per share.

Eagle Bancorp Stock Performance

Shares of NASDAQ EGBN traded down $0.42 during mid-day trading on Friday, reaching $22.23. The company had a trading volume of 121,688 shares, compared to its average volume of 318,435. The stock has a fifty day moving average of $18.84 and a two-hundred day moving average of $21.68. The company has a market capitalization of $671.12 million, a price-to-earnings ratio of 9.02 and a beta of 1.08. Eagle Bancorp has a 12-month low of $15.99 and a 12-month high of $31.97.

Eagle Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Saturday, July 20th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.10%. The ex-dividend date is Friday, July 19th. Eagle Bancorp’s dividend payout ratio (DPR) is 71.71%.

Insider Transactions at Eagle Bancorp

In related news, CEO Susan G. Riel purchased 5,260 shares of Eagle Bancorp stock in a transaction dated Tuesday, April 30th. The stock was acquired at an average cost of $18.73 per share, with a total value of $98,519.80. Following the completion of the transaction, the chief executive officer now directly owns 332,210 shares of the company’s stock, valued at $6,222,293.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Eagle Bancorp news, Director A. Leslie Ludwig acquired 1,500 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The shares were purchased at an average price of $16.89 per share, with a total value of $25,335.00. Following the completion of the transaction, the director now owns 41,413 shares in the company, valued at $699,465.57. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Susan G. Riel acquired 5,260 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The shares were acquired at an average cost of $18.73 per share, for a total transaction of $98,519.80. Following the transaction, the chief executive officer now owns 332,210 shares of the company’s stock, valued at approximately $6,222,293.30. The disclosure for this purchase can be found here. Insiders purchased 9,582 shares of company stock valued at $173,108 over the last three months. 3.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Eagle Bancorp from a “hold” rating to a “sell” rating in a research note on Sunday, June 9th.

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.