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

Eagle Bancorp, Inc. (NASDAQ:EGBN) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totalling 2,270,000 shares, a growth of 14.6% from the May 31st total of 1,980,000 shares. Approximately 7.8% of the shares of the stock are sold short. Based on an average daily volume of 320,800 shares, the short-interest ratio is currently 7.1 days.

Insider Buying and Selling at Eagle Bancorp

In other news, CEO Susan G. Riel bought 5,260 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The stock was bought at an average price of $18.73 per share, for a total transaction of $98,519.80. Following the transaction, the chief executive officer now directly owns 332,210 shares of the company’s stock, valued at approximately $6,222,293.30. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Susan G. Riel purchased 5,260 shares of the stock in a transaction that occurred on Tuesday, April 30th. The stock was bought at an average cost of $18.73 per share, for a total transaction of $98,519.80. Following the acquisition, the chief executive officer now directly owns 332,210 shares of the company’s stock, valued at approximately $6,222,293.30. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director A. Leslie Ludwig purchased 1,500 shares of the stock in a transaction on Thursday, June 13th. The shares were acquired at an average cost of $16.89 per share, with a total value of $25,335.00. Following the transaction, the director now directly owns 41,413 shares in the company, valued at $699,465.57. The disclosure for this purchase can be found here. Insiders have bought 9,582 shares of company stock worth $173,108 over the last 90 days. Corporate insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On Eagle Bancorp

Several hedge funds have recently bought and sold shares of the business. Epoch Investment Partners Inc. purchased a new position in shares of Eagle Bancorp during the fourth quarter valued at approximately $7,801,000. Charles Schwab Investment Management Inc. grew its stake in shares of Eagle Bancorp by 8.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 497,083 shares of the financial services provider’s stock worth $14,982,000 after acquiring an additional 38,696 shares during the last quarter. Versor Investments LP purchased a new stake in shares of Eagle Bancorp in the fourth quarter worth $458,000. Rafferty Asset Management LLC increased its holdings in shares of Eagle Bancorp by 39.8% during the fourth quarter. Rafferty Asset Management LLC now owns 63,376 shares of the financial services provider’s stock valued at $1,910,000 after acquiring an additional 18,041 shares in the last quarter. Finally, BHZ Capital Management LP raised its position in shares of Eagle Bancorp by 7.5% in the 4th quarter. BHZ Capital Management LP now owns 212,651 shares of the financial services provider’s stock worth $6,409,000 after purchasing an additional 14,762 shares during the last quarter. Institutional investors own 78.03% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Eagle Bancorp from a “hold” rating to a “sell” rating in a report on Sunday, June 9th.

Eagle Bancorp Trading Down 2.1 %

Eagle Bancorp stock traded down $0.39 during trading hours on Wednesday, hitting $18.61. 91,793 shares of the stock traded hands, compared to its average volume of 312,837. Eagle Bancorp has a one year low of $15.99 and a one year high of $31.97. The firm’s 50-day moving average price is $18.58 and its two-hundred day moving average price is $22.69. The company has a market cap of $561.84 million, a PE ratio of 7.57 and a beta of 1.08.

Eagle Bancorp (NASDAQ:EGBN) last issued its quarterly earnings results on Wednesday, April 24th. The financial services provider reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.60). The firm had revenue of $78.29 million during the quarter, compared to analysts’ expectations of $75.51 million. Eagle Bancorp had a return on equity of 6.11% and a net margin of 11.14%. On average, sell-side analysts expect that Eagle Bancorp will post 1.36 earnings per share for the current fiscal year.

Eagle Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Saturday, July 20th will be paid a $0.45 dividend. The ex-dividend date is Saturday, July 20th. This represents a $1.80 annualized dividend and a dividend yield of 9.67%. Eagle Bancorp’s payout ratio is 71.71%.

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.