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

Eagle Bancorp, Inc. (NASDAQ:EGBN) was the target of a large decrease in short interest in 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. Currently, 5.3% of the company’s stock are short sold. Based on an average daily volume of 301,500 shares, the days-to-cover ratio is presently 5.1 days.

Eagle Bancorp Stock Down 0.8 %

Shares of NASDAQ EGBN traded down $0.17 during trading hours on Tuesday, hitting $22.41. The company had a trading volume of 870,388 shares, compared to its average volume of 312,651. The stock has a market capitalization of $676.56 million, a P/E ratio of 8.93 and a beta of 1.09. The company has a quick ratio of 1.02, a current 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. The firm’s 50 day moving average is $21.18 and its 200-day moving average is $20.36.

Eagle Bancorp (NASDAQ:EGBN) last released its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $0.67 EPS for the quarter, beating the consensus estimate 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 company had revenue of $175.06 million during the quarter, compared to the consensus estimate of $80.90 million. During the same quarter in the prior year, the firm posted $0.94 EPS. On average, analysts expect that Eagle Bancorp will post 1.46 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Eagle Bancorp

Hedge funds have recently added to or reduced their stakes in the business. Riverview Trust Co bought a new position in Eagle Bancorp during the 1st quarter worth $26,000. Point72 Asset Management L.P. bought a new position in Eagle Bancorp during the 2nd quarter worth $35,000. Carmichael Hill & Associates Inc. increased its position in Eagle Bancorp by 36.1% during the 2nd quarter. Carmichael Hill & Associates Inc. now owns 2,721 shares of the financial services provider’s stock worth $51,000 after buying an additional 721 shares during the period. Meeder Asset Management Inc. bought a new position in Eagle Bancorp during the 2nd quarter worth $89,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Eagle Bancorp by 122.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,917 shares of the financial services provider’s stock worth $131,000 after buying an additional 3,804 shares during the period. Institutional investors and hedge funds own 78.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on EGBN shares. Keefe, Bruyette & Woods upped their price target 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.

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.