Eagle Bancorp, Inc. (NASDAQ:EGBN) Short Interest Up 13.4% in March

Eagle Bancorp, Inc. (NASDAQ:EGBNGet Free Report) saw a large growth in short interest in March. As of March 15th, there was short interest totalling 2,460,000 shares, a growth of 13.4% from the February 29th total of 2,170,000 shares. Based on an average daily volume of 295,500 shares, the days-to-cover ratio is presently 8.3 days. Currently, 8.5% of the shares of the company are short sold.

Insider Buying and Selling at Eagle Bancorp

In other Eagle Bancorp news, EVP Lindsey S. Rheaume sold 22,000 shares of Eagle Bancorp stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $22.98, for a total value of $505,560.00. Following the sale, the executive vice president now owns 9,075 shares of the company’s stock, valued at approximately $208,543.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.53% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. increased its holdings in shares of Eagle Bancorp by 9.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 458,387 shares of the financial services provider’s stock worth $9,832,000 after buying an additional 38,678 shares during the last quarter. New York State Common Retirement Fund increased its holdings in shares of Eagle Bancorp by 138.5% during the 3rd quarter. New York State Common Retirement Fund now owns 30,637 shares of the financial services provider’s stock worth $657,000 after buying an additional 17,793 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of Eagle Bancorp during the 3rd quarter worth $692,000. Gamco Investors INC. ET AL increased its holdings in shares of Eagle Bancorp by 8.4% during the 3rd quarter. Gamco Investors INC. ET AL now owns 322,599 shares of the financial services provider’s stock worth $6,920,000 after buying an additional 24,931 shares during the last quarter. Finally, Graham Capital Management L.P. increased its holdings in shares of Eagle Bancorp by 74.7% during the 2nd quarter. Graham Capital Management L.P. now owns 41,287 shares of the financial services provider’s stock worth $874,000 after buying an additional 17,648 shares during the last quarter. 78.03% of the stock is currently owned by institutional investors and hedge funds.

Eagle Bancorp Trading Down 2.2 %

EGBN traded down $0.49 during trading on Tuesday, hitting $22.25. The company’s stock had a trading volume of 188,111 shares, compared to its average volume of 305,295. The firm’s 50 day moving average price is $23.68 and its 200-day moving average price is $24.10. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.97 and a quick ratio of 0.97. The stock has a market cap of $665.94 million, a PE ratio of 6.74 and a beta of 1.02. Eagle Bancorp has a twelve month low of $16.72 and a twelve month high of $34.12.

Eagle Bancorp (NASDAQ:EGBNGet Free Report) last issued its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.09). The business had revenue of $75.89 million during the quarter, compared to analyst estimates of $75.67 million. Eagle Bancorp had a net margin of 15.54% and a return on equity of 8.12%. On average, analysts expect that Eagle Bancorp will post 2.32 earnings per share for the current year.

Eagle Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, April 18th will be issued a $0.45 dividend. The ex-dividend date is Wednesday, April 17th. This represents a $1.80 annualized dividend and a yield of 8.09%. Eagle Bancorp’s dividend payout ratio (DPR) is presently 54.55%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Eagle Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, March 27th.

Get Our Latest Stock Report on Eagle Bancorp

Eagle Bancorp Company Profile

(Get Free Report)

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.

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