Eagle Bancorp, Inc. (NASDAQ:EGBN) Short Interest Up 17.9% in May

Eagle Bancorp, Inc. (NASDAQ:EGBN - Get Free Report) was the target of a large increase in short interest in the month of May. As of May 15th, there was short interest totalling 2,640,000 shares, an increase of 17.9% from the April 30th total of 2,240,000 shares. Approximately 9.0% of the company's shares are short sold. Based on an average trading volume of 378,100 shares, the short-interest ratio is currently 7.0 days.

Wall Street Analysts Forecast Growth

EGBN has been the subject of several research analyst reports. Keefe, Bruyette & Woods dropped their price target on shares of Eagle Bancorp from $25.00 to $22.00 and set a "market perform" rating for the company in a research report on Monday, April 28th. Jefferies Financial Group set a $20.00 price objective on Eagle Bancorp and gave the stock a "hold" rating in a report on Wednesday, May 21st. Finally, Piper Sandler cut their target price on Eagle Bancorp from $25.00 to $21.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th.

Eagle Bancorp Trading Up 3.2%

NASDAQ EGBN traded up $0.53 during mid-day trading on Friday, hitting $17.33. The company's stock had a trading volume of 173,026 shares, compared to its average volume of 327,746. The firm has a market capitalization of $526.43 million, a P/E ratio of -11.04 and a beta of 1.03. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.88 and a quick ratio of 0.86. Eagle Bancorp has a 52-week low of $15.99 and a 52-week high of $30.94. The stock's fifty day simple moving average is $18.73 and its two-hundred day simple moving average is $22.94.

Eagle Bancorp (NASDAQ:EGBN - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.40). The business had revenue of $73.86 million during the quarter, compared to analyst estimates of $71.93 million. Eagle Bancorp had a positive return on equity of 4.68% and a negative net margin of 6.65%. Research analysts expect that Eagle Bancorp will post 2.31 EPS for the current year.

Eagle Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Monday, May 5th were issued a dividend of $0.165 per share. The ex-dividend date of this dividend was Monday, May 5th. This represents a $0.66 annualized dividend and a dividend yield of 3.81%. Eagle Bancorp's payout ratio is currently -44.00%.

Institutional Trading of Eagle Bancorp

A number of hedge funds have recently made changes to their positions in the company. Smartleaf Asset Management LLC raised its position in shares of Eagle Bancorp by 353.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 994 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 775 shares in the last quarter. Millstone Evans Group LLC acquired a new stake in shares of Eagle Bancorp during the fourth quarter worth approximately $59,000. Russell Investments Group Ltd. increased its stake in shares of Eagle Bancorp by 42.0% in the fourth quarter. Russell Investments Group Ltd. now owns 3,153 shares of the financial services provider's stock worth $82,000 after buying an additional 933 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new stake in Eagle Bancorp in the fourth quarter valued at $212,000. Finally, Graham Capital Management L.P. acquired a new stake in Eagle Bancorp in the fourth quarter valued at $220,000. Hedge funds and other institutional investors own 78.03% of the company's stock.

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.