Eagle Bancorp, Inc. (NASDAQ:EGBN) Short Interest Down 8.2% in January

Eagle Bancorp, Inc. (NASDAQ:EGBN) was the recipient of a significant decline in short interest in January. As of January 31st, there was short interest totalling 1,560,000 shares, a decline of 8.2% from the January 15th total of 1,700,000 shares. Currently, 5.3% of the company’s stock are sold short. Based on an average daily volume of 250,400 shares, the days-to-cover ratio is presently 6.2 days.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on EGBN. Keefe, Bruyette & Woods cut their price target on Eagle Bancorp from $32.00 to $30.00 and set a “market perform” rating for the company in a research note on Monday, January 27th. Piper Sandler cut their price objective on shares of Eagle Bancorp from $31.00 to $27.50 and set a “neutral” rating on the stock in a research report on Friday, January 24th. Finally, StockNews.com raised shares of Eagle Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in Eagle Bancorp by 3.7% during the third quarter. Geode Capital Management LLC now owns 719,688 shares of the financial services provider’s stock valued at $16,254,000 after acquiring an additional 25,578 shares during the period. Empowered Funds LLC lifted its position in shares of Eagle Bancorp by 5.0% during the 3rd quarter. Empowered Funds LLC now owns 28,300 shares of the financial services provider’s stock worth $639,000 after purchasing an additional 1,340 shares during the last quarter. HighTower Advisors LLC boosted its stake in Eagle Bancorp by 4.3% during the 3rd quarter. HighTower Advisors LLC now owns 10,977 shares of the financial services provider’s stock valued at $247,000 after purchasing an additional 450 shares during the period. Nisa Investment Advisors LLC grew its holdings in Eagle Bancorp by 934.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 26,346 shares of the financial services provider’s stock valued at $686,000 after buying an additional 23,800 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in Eagle Bancorp by 41.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 55,627 shares of the financial services provider’s stock worth $1,256,000 after buying an additional 16,338 shares during the period. Institutional investors own 78.03% of the company’s stock.

Eagle Bancorp Stock Down 1.9 %

Shares of NASDAQ:EGBN traded down $0.50 on Tuesday, reaching $25.15. The company had a trading volume of 1,180,163 shares, compared to its average volume of 272,215. The stock has a market capitalization of $759.53 million, a P/E ratio of -16.02 and a beta of 1.09. The stock has a 50-day moving average price of $26.04 and a 200 day moving average price of $24.79. Eagle Bancorp has a twelve month low of $15.99 and a twelve month high of $30.94. The company has a quick ratio of 0.86, a current ratio of 0.88 and a debt-to-equity ratio of 0.06.

Eagle Bancorp (NASDAQ:EGBN) last posted its earnings results on Wednesday, January 22nd. The financial services provider reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.01). Eagle Bancorp had a positive return on equity of 4.68% and a negative net margin of 6.65%. On average, equities analysts expect that Eagle Bancorp will post 2.31 EPS for the current year.

Eagle Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 2.62%. The ex-dividend date of this dividend is Friday, February 7th. Eagle Bancorp’s dividend payout ratio is currently -42.04%.

About Eagle Bancorp

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.