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 during the month of January. As of January 15th, there was short interest totalling 1,620,000 shares, a decline of 6.4% from the December 31st total of 1,730,000 shares. Based on an average trading volume of 285,800 shares, the short-interest ratio is currently 5.7 days. Currently, 5.6% of the company's stock are sold short.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on EGBN shares. 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. Piper Sandler dropped 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. Finally, StockNews.com upgraded Eagle Bancorp from a "sell" rating to a "hold" rating in a research report on Thursday, October 24th.

Eagle Bancorp Stock Performance

NASDAQ:EGBN traded up $0.36 during trading hours on Wednesday, reaching $26.64. The company had a trading volume of 146,162 shares, compared to its average volume of 226,569. Eagle Bancorp has a 1-year low of $15.99 and a 1-year high of $30.94. The firm has a market cap of $804.53 million, a PE ratio of -16.91 and a beta of 1.09. The business's 50 day moving average price is $26.64 and its 200-day moving average price is $24.54. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.88 and a quick ratio of 0.86.

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 analysts' consensus estimates of $0.51 by ($0.01). Eagle Bancorp had a negative net margin of 6.65% and a positive return on equity of 4.68%. Research analysts forecast that Eagle Bancorp will post 2.44 EPS for the current year.

Eagle Bancorp Announces Dividend

The company 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 2.48%. The ex-dividend date of this dividend is Friday, February 7th. Eagle Bancorp's payout ratio is -42.04%.

Institutional Trading of Eagle Bancorp

Several large investors have recently made changes to their positions in EGBN. Sei Investments Co. lifted its stake in Eagle Bancorp by 50.4% during the 2nd quarter. Sei Investments Co. now owns 25,857 shares of the financial services provider's stock worth $489,000 after acquiring an additional 8,662 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Eagle Bancorp in the 2nd quarter valued at approximately $1,411,000. Squarepoint Ops LLC raised its holdings in Eagle Bancorp by 67.0% during the second quarter. Squarepoint Ops LLC now owns 92,745 shares of the financial services provider's stock worth $1,753,000 after purchasing an additional 37,210 shares during the last quarter. Algert Global LLC grew its position in shares of Eagle Bancorp by 42.7% in the second quarter. Algert Global LLC now owns 62,680 shares of the financial services provider's stock valued at $1,185,000 after purchasing an additional 18,760 shares during the period. Finally, Point72 Asset Management L.P. purchased a new stake in Eagle Bancorp during the second quarter valued at about $35,000. 78.03% of the stock is currently 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.