Short Interest in Eagle Bancorp, Inc. (NASDAQ:EGBN) Expands By 5.4%

Eagle Bancorp, Inc. (NASDAQ:EGBN – Get Rating) saw a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 1,370,000 shares, a growth of 5.4% from the February 13th total of 1,300,000 shares. Approximately 4.5% of the shares of the company are short sold. Based on an average daily volume of 190,100 shares, the short-interest ratio is presently 7.2 days.

Institutional Investors Weigh In On Eagle Bancorp

Large investors have recently added to or reduced their stakes in the business. Citigroup Inc. grew its holdings in Eagle Bancorp by 8.5% in the 1st quarter. Citigroup Inc. now owns 28,757 shares of the financial services provider’s stock valued at $1,639,000 after buying an additional 2,251 shares in the last quarter. MetLife Investment Management LLC grew its holdings in shares of Eagle Bancorp by 56.3% during the 1st quarter. MetLife Investment Management LLC now owns 17,213 shares of the financial services provider’s stock worth $981,000 after purchasing an additional 6,200 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Eagle Bancorp by 14.1% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 27,541 shares of the financial services provider’s stock worth $1,570,000 after purchasing an additional 3,395 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Eagle Bancorp by 1.7% during the 1st quarter. BlackRock Inc. now owns 4,708,887 shares of the financial services provider’s stock worth $268,453,000 after purchasing an additional 77,845 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Eagle Bancorp by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 3,458,795 shares of the financial services provider’s stock worth $197,186,000 after purchasing an additional 67,255 shares in the last quarter. Institutional investors own 73.04% of the company’s stock.

Eagle Bancorp Trading Down 2.9 %

Shares of Eagle Bancorp stock traded down $1.08 during trading on Friday, hitting $36.12. 81,682 shares of the company were exchanged, compared to its average volume of 212,063. The firm has a market capitalization of $1.12 billion, a P/E ratio of 7.95 and a beta of 0.91. Eagle Bancorp has a 1-year low of $34.08 and a 1-year high of $60.40. The firm’s fifty day moving average price is $44.57 and its 200 day moving average price is $45.25. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.81 and a quick ratio of 0.81.

Eagle Bancorp (NASDAQ:EGBN – Get Rating) last issued its quarterly earnings data on Wednesday, January 18th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.16. Eagle Bancorp had a return on equity of 13.16% and a net margin of 33.56%. The business had revenue of $90.93 million during the quarter, compared to analyst estimates of $89.20 million. As a group, sell-side analysts expect that Eagle Bancorp will post 4.78 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

EGBN has been the subject of several research reports. Piper Sandler restated a “neutral” rating and set a $50.00 price objective on shares of Eagle Bancorp in a research report on Monday, December 5th. StockNews.com initiated coverage on shares of Eagle Bancorp in a research report on Thursday. They issued a “sell” rating for the company.

About Eagle Bancorp

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Eagle Bancorp, Inc is a bank holding company, which engages in the provision of commercial banking services. The firm offers checking accounts, business savings accounts, online and mobile banking, insurance, and investment advisory services, borrowing, and treasury management. Its customers include sole proprietors, small and medium-sized businesses, partnerships, corporations, non-profit organizations and associations, and investors living and working in and near the bank’s primary service area.