Eagle Bancorp, Inc. (NASDAQ:EGBN) Short Interest Update

Eagle Bancorp, Inc. (NASDAQ:EGBN - Get Free Report) was the target of a significant decline in short interest in January. As of January 31st, there was short interest totalling 1,560,000 shares, a decline of 8.2% from the January 15th total of 1,700,000 shares. Based on an average daily volume of 250,400 shares, the days-to-cover ratio is currently 6.2 days. Approximately 5.3% of the company's stock are short sold.

Wall Street Analyst Weigh In

EGBN has been the topic of a number of recent research reports. Keefe, Bruyette & Woods dropped their target price on Eagle Bancorp from $32.00 to $30.00 and set a "market perform" rating on the stock in a research report on Monday, January 27th. StockNews.com upgraded Eagle Bancorp from a "sell" rating to a "hold" rating in a research note on Thursday, October 24th. Finally, Piper Sandler reduced their target price on Eagle Bancorp from $31.00 to $27.50 and set a "neutral" rating on the stock in a research report on Friday, January 24th.

Eagle Bancorp Price Performance

NASDAQ EGBN traded down $1.09 during trading hours on Friday, reaching $22.77. 620,513 shares of the company's stock were exchanged, compared to its average volume of 296,074. The firm has a fifty day moving average of $25.76 and a 200-day moving average of $24.82. Eagle Bancorp has a one year low of $15.99 and a one year high of $30.94. The company has a current ratio of 0.88, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. The stock has a market cap of $687.65 million, a PE ratio of -14.50 and a beta of 1.09.

Eagle Bancorp (NASDAQ:EGBN - Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.01). Eagle Bancorp had a positive return on equity of 4.68% and a negative net margin of 6.65%. On average, equities research analysts predict that Eagle Bancorp will post 2.31 earnings per share for the current fiscal year.

Eagle Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 2.90%. The ex-dividend date is Friday, February 7th. Eagle Bancorp's dividend payout ratio is currently -42.04%.

Institutional Trading of Eagle Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC increased its holdings in Eagle Bancorp by 353.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 994 shares of the financial services provider's stock worth $26,000 after buying an additional 775 shares during the period. Point72 DIFC Ltd bought a new position in Eagle Bancorp in the 3rd quarter worth $48,000. R Squared Ltd acquired a new position in Eagle Bancorp in the fourth quarter valued at about $51,000. Nisa Investment Advisors LLC increased its stake in Eagle Bancorp by 49.8% in the third quarter. Nisa Investment Advisors LLC now owns 2,546 shares of the financial services provider's stock valued at $57,000 after purchasing an additional 846 shares in the last quarter. Finally, Millstone Evans Group LLC acquired a new stake in Eagle Bancorp in the fourth quarter valued at $59,000. 78.03% of the stock is owned by hedge funds and other institutional investors.

About Eagle Bancorp

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.