|Bid||31.35 x 900|
|Ask||43.34 x 800|
|Day's Range||29.57 - 31.41|
|52 Week Range||23.08 - 49.84|
|Beta (5Y Monthly)||1.04|
|PE Ratio (TTM)||8.41|
|Earnings Date||Oct 14, 2020 - Oct 19, 2020|
|Forward Dividend & Yield||0.88 (2.92%)|
|Ex-Dividend Date||Jul 14, 2020|
|1y Target Est||35.50|
Washington’s Leading Community Bank Commits $5 Million for Preserving and Creating Affordable Workforce Housing OpportunitiesBETHESDA, Md., July 29, 2020 (GLOBE NEWSWIRE) -- EagleBank, one of the largest community banks in the Washington, DC area, is pleased to announce that it has committed $5 million to the Washington Housing Initiative (WHI) Impact Pool, which invest in the preservation and creation of affordable workforce housing in the DC region. “We are delighted to invest in the Washington Housing Initiative Impact Pool,” said Susan Riel, President and Chief Executive Officer of EagleBank. “The work being done by WHI complements the mission of EagleBank in fostering inclusivity, building local neighborhoods and sustaining our local economy,” Ms. Riel added.“EagleBank’s commitment to the Washington Housing Initiative is a perfect example of a local institution investing in the successful future of the community which they serve,” said AJ Jackson, Executive Vice President of Social Impact Investments at JBG SMITH. “The preservation of affordable housing ensures that the local workforce can live locally creating a healthy economy, vibrant communities, and diverse neighborhoods throughout the region.”Launched in 2018 by JBG SMITH and the Federal City Council, the Washington Housing Initiative is a transformational market-driven approach to preserve and create affordable workforce housing in rapidly changing communities throughout the DC region. The Initiative’s focus is on what the company calls “the missing middle” - those who earn too much for traditional rental assistance but still struggle to pay for housing. The Impact Pool serves as the financing component of WHI, while the independent nonprofit Washington Housing Conservancy purchases and owns the properties. Leading local developers and financial institutions have collectively committed more than $120 million to WHI.“We see this as yet another step in EagleBank’s investment in supporting and financing affordable housing in a highly complementary way with our FHA Multifamily business,” said Antonio Marquez, President of Commercial Banking at EagleBank. “As one of the few commercial banks with FHA financing capabilities, EagleBank is proud of its leadership role and its commitment to this extraordinarily underserved market,” Mr. Marquez added.EagleBank has a long history of working to create affordable housing in the DC Metro area. The Bank is a lender partner for Washington, DC Mayor Muriel Bowser’s Work in DC, Buy in DC program, offering mortgage loan options to District Government employees looking to buy and live in the District. In addition to below-market interest rates, these loans also come with closing cost credits, a broad array of loan products and dedicated service teams.In addition to the Work in DC, Buy in DC program, EagleBank also established the Gaithersburg Heroes program in 2019. In partnership with the City of Gaithersburg, EagleBank provides down payment assistance for teachers, firefighters, police and first responders seeking to buy homes. By contributing up to $25K in down payment assistance, the Bank can help bridge any financing gaps for civil servants interested in acquiring homes where they work.Last fall, EagleBank also announced that it would be participating with Landed, a financial services company providing down payment support and homebuyer education programs aimed at teachers and school employees searching for new affordable home buying options. The program is open to K-12 educators and school staff in the District of Columbia.The Washington Housing Initiative’s approach conforms to EagleBank’s dedication to supporting affordable housing options throughout the District region. As a socially responsible CRA eligible rental housing investment fund sponsored by JBG SMITH, the Impact Pool is an investment vehicle that targets after-tax returns similar to many traditional investment funds and which provides critical positive social impact. In January, the Impact Pool made its inaugural investment in the form of a $15.1 million mezzanine loan towards the Alexandria Housing Development Corporation’s (AHDC) purchase of Parkstone Apartments in Alexandria, Virginia. WHI is currently working to preserve an additional 2,000 – 3,000 units of affordable workforce housing across the DC region.About Eagle Bancorp, Inc. and EagleBank Eagle Bancorp, Inc. is the holding company for EagleBank, which commenced operations in 1998. EagleBank is headquartered in Bethesda, Maryland, and conducts full service commercial banking through 20 offices, located in Suburban, Maryland, Washington, D.C. and Northern Virginia. EagleBank focuses on building relationships with businesses, professionals and individuals in its marketplace.EagleBank Contact Vikki Kayne, Chief Marketing Officer 301.986.1800
EagleBank Executive Vice President and Chief Real Estate Lending Officer Ryan Riel Ryan Riel was appointed Executive Vice President and Chief Real Estate Lending Officer for EagleBank.BETHESDA, Md., July 28, 2020 (GLOBE NEWSWIRE) -- EagleBank, one of the Washington region’s largest community banks focused on a broad range of commercial banking services for small-to-mid-size businesses, today announced that Ryan Riel, a long-time executive with the Bank, has been named Executive Vice President and Chief Real Estate Lending Officer. “Ryan’s distinguished service and contributions to EagleBank’s business community-building mission and competitive lending platform have made him an invaluable asset to the Bank,” said Antonio (“Tony”) F. Marquez, EagleBank’s Senior Executive Vice President and President of Commercial Banking. “I know that Ryan will continue to lead, innovate and inspire our real estate lending teams as Chief Real Estate Lending Officer,” Marquez added.Riel has been working in the Commercial Real Estate Division of EagleBank since 2001. In his most recent role, Riel had oversight of the Bank’s CRE lending group in the Bank’s Bethesda headquarters. During his tenure at the Bank, Riel has served in a number of roles and has participated in the origination of several billion in real estate transactions across the metropolitan Washington region.“It is a privilege to assume the role of Chief Real Estate Lending Officer for EagleBank,” said Riel. “In my career at EagleBank, I have had the privilege to work with a very talented group of banking professionals whose knowledge and dedication has allowed us to forge extraordinary relationships throughout the community. I look forward to helping maintain EagleBank’s status as the leading community bank in our Nation’s Capital,” Riel added.As Chief Real Estate Lending Officer, Riel will supervise more than 50 lending professionals and oversee a portfolio of more than $5 billion of commercial real estate loans. Riel will report directly to Tony Marquez, President of Commercial Banking for EagleBank.About Eagle Bancorp, Inc. and EagleBank Eagle Bancorp, Inc. is the holding company for EagleBank, which commenced operations in 1998. EagleBank is headquartered in Bethesda, Maryland, and conducts full service commercial banking through 20 offices, located in Suburban, Maryland, Washington, D.C. and Northern Virginia. EagleBank focuses on building relationships with businesses, professionals and individuals in its marketplace.EagleBank Contact Vikki Kayne, Chief Marketing Officer 301.986.1800A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d89e5b3f-bbe7-419d-9564-e0caac426e14.
Eagle Bancorp, Inc. (NASDAQ:EGBN) came out with its second-quarter results last week, and we wanted to see how the...