Category: EGBN

BETHESDA, Md., March 16, 2023 (GLOBE NEWSWIRE) — Eagle Bancorp, Inc. (the “Company”) (NASDAQ: EGBN), the parent company for EagleBank, today announced a cash dividend for the first quarter of 2023, in the amount of $0.45 per share. The cash dividend will be payable on April 28, 2023 to shareholders of record on April 6, 2023.

About Eagle Bancorp: The Company is the holding company for EagleBank, which commenced operations in 1998. The Bank is headquartered in Bethesda, Maryland, and operates through sixteen branch offices, located in Suburban Maryland, Washington, D.C. and Northern Virginia. The Company focuses on building relationships with businesses, professionals and individuals in its marketplace.

Caution About Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Securities Exchange Act of 1934, as amended, including statements of goals, intentions, and expectations as to future trends, plans, events or results of Company operations and policies and regarding general economic conditions. These forward-looking statements are based on current expectations that involve risks, uncertainties and assumptions, including the volatility and uncertainty in global markets and economies. Because of these uncertainties and the assumptions on which the forward-looking statements are based, actual future operations and results in the future may differ materially from those indicated herein. Readers are cautioned against placing undue reliance on any such forward-looking statements. For details on factors that could affect these expectations, see the risk factors and other cautionary language included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022 and other filings with the SEC. Except as required by law, the Company does not undertake to update forward-looking statements contained in this release.

EagleBank Contact
Dave Danielson
240.552.9534

NEW YORK, July 28, 2021 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors of  Eagle Bancorp, Inc. (“Eagle or the “Company”) (NASDAQ: EGBN).  Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 7980.

The investigation concerns whether Eagle and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On July 21, 2021, Eagle issued a press release announcing its financial and operating results for the second quarter of 2021.  Among other items, Eagle disclosed that in connection with a previously disclosed investigation by the U.S. Securities and Exchange Commission, Eagle’s “Chief Financial Officer recently received a Wells Notice from the [SEC] Staff that the Staff has made a preliminary determination to recommend to the [SEC] enforcement actions against him.” 

On this news, Eagle Bancorp’s stock price fell $3.12 per share, or 5.58%, to close at $52.81 per share on July 22, 2021.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

CONTACT:

Robert S. Willoughby
Pomerantz LLP
[email protected]  
888-476-6529 ext. 7980

SOURCE Pomerantz LLP

Related Links

www.pomerantzlaw.com

Eagle Bancorp Montana, Inc. (EBMT Quick QuoteEBMT – Free Report) shares ended the last trading session 6.4% higher at $24.60. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock’s 8.8% gain over the past four weeks.

The stock has been gaining since the last six days. In fact, it reached a new 52-week high of $24.95 in last day’s trading session. Increasing investor optimism over the accelerated recovery of the banking industry on the back of the extensive vaccination drive and an expectation of robust economic growth has been driving the stock higher. Moreover, the continued growing demand for mortgage originations as well as refinancing, driven by historically low rates has been aiding the mortgage banking industry. 

Price and Consensus

This company is expected to post quarterly earnings of $0.94 per share in its upcoming report, which represents a year-over-year change of +59.3%. Revenues are expected to be $24.7 million, up 31.5% from the year-ago quarter.

While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

For Eagle Bancorp Montana, Inc., the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock’s price usually doesn’t keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on EBMT going forward to see if this recent jump can turn into more strength down the road.

The stock currently carries a Zacks Rank 1 (Strong Buy). You can see the complete list of today’s Zacks Rank #1 (Strong Buy) stocks here >>>>