Short Interest in Eagle Bancorp, Inc. (NASDAQ:EGBN) Decreases By 9.4%

Eagle Bancorp, Inc. (NASDAQ:EGBN) was the target of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totalling 1,540,000 shares, a decrease of 9.4% from the August 31st total of 1,700,000 shares. Based on an average daily volume of 301,500 shares, the days-to-cover ratio is presently 5.1 days. Currently, 5.3% of the shares of the company are short sold.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Keefe, Bruyette & Woods increased their price objective on Eagle Bancorp from $20.00 to $22.00 and gave the stock a “market perform” rating in a research report on Monday, July 29th. StockNews.com downgraded Eagle Bancorp from a “hold” rating to a “sell” rating in a report on Sunday, June 9th.

Institutional Trading of Eagle Bancorp

Several hedge funds have recently added to or reduced their stakes in EGBN. Point72 Asset Management L.P. bought a new stake in shares of Eagle Bancorp in the 2nd quarter worth $35,000. Algert Global LLC boosted its stake in Eagle Bancorp by 42.7% during the 2nd 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. AQR Capital Management LLC lifted its position in shares of Eagle Bancorp by 53.2% in the 2nd quarter. AQR Capital Management LLC now owns 539,186 shares of the financial services provider’s stock worth $10,191,000 after acquiring an additional 187,249 shares during the period. Caxton Associates LP raised its holdings in shares of Eagle Bancorp by 17.0% in the 2nd quarter. Caxton Associates LP now owns 73,991 shares of the financial services provider’s stock worth $1,398,000 after buying an additional 10,733 shares in the last quarter. Finally, Squarepoint Ops LLC raised its holdings in shares of Eagle Bancorp by 67.0% in the 2nd quarter. Squarepoint Ops LLC now owns 92,745 shares of the financial services provider’s stock worth $1,753,000 after buying an additional 37,210 shares in the last quarter. Institutional investors own 78.03% of the company’s stock.

Eagle Bancorp Stock Down 1.0 %

NASDAQ EGBN traded down $0.21 during mid-day trading on Friday, reaching $21.89. 347,176 shares of the company’s stock traded hands, compared to its average volume of 308,826. The company has a market cap of $660.86 million, a price-to-earnings ratio of 8.72 and a beta of 1.09. The company has a fifty day simple moving average of $21.19 and a 200-day simple moving average of $20.36. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.42. Eagle Bancorp has a 1-year low of $15.99 and a 1-year high of $31.97.

Eagle Bancorp (NASDAQ:EGBN) last released its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.34. Eagle Bancorp had a positive return on equity of 5.50% and a negative net margin of 5.28%. The business had revenue of $175.06 million during the quarter, compared to analyst estimates of $80.90 million. During the same quarter in the previous year, the firm posted $0.94 EPS. As a group, equities research analysts expect that Eagle Bancorp will post 1.46 EPS for the current year.

Eagle Bancorp Company Profile

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.