Eagle Bancorp, Inc. Buyback
OLI recorded this information on 12/14/2022
Company:
Eagle Bancorp, Inc.
Buyback:
EGBN buyback
Share Amount Authorized:
1,600,000
Buyback Details:
Eagle Bancorp, Inc. (the "Company") (NASDAQ: EGBN), the parent company for EagleBank, today announced a cash dividend for the fourth quarter of 2022, in the amount of $0.45 per share. The cash dividend will be payable on January 31, 2023 to shareholders of record on January 5, 2023. Additionally, the Board of Directors adopted a new share repurchase program to take effect starting January 1, 2023, after the expiration of the current repurchase program on December 31, 2022. The Board of Directors authorized the repurchase of 1,600,000 shares of common stock, or approximately 5% of the Company's outstanding shares of common stock, under the new repurchase program, which will expire on December 31, 2023, subject to earlier termination of the program by the Board of Directors.
Eagle Bancorp is a bank holding company. Through its subsidiary, EagleBank (the Bank), Co. conducts a community banking business, primarily in Northern Virginia, Suburban Maryland, and Washington, D.C. The Bank provides various commercial banking services to its business and other clients, as well as consumer banking services to individuals. These services include commercial loans; asset based lending and accounts receivable financing (on a limited basis); 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; personal credit cards; and residential mortgage loans.
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Avg. Broker Rec.
 
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Hold (2.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: EGBN Stock Forecast Based on Zacks ABR data; powered by Xignite |
