Eagle Bancorp, Inc. (EGBN) Short Interest Update
Eagle Bancorp, Inc. (NASDAQ:EGBN) was the target of a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 864,253 shares, an increase of 31.4% from the November 15th total of 657,751 shares. Based on an average daily trading volume, of 138,483 shares, the short-interest ratio is currently 6.2 days. Approximately 2.8% of the company’s shares are short sold.
Eagle Bancorp (EGBN) opened at $58.65 on Thursday. Eagle Bancorp has a 52-week low of $46.20 and a 52-week high of $69.80. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market cap of $2,037.00, a P/E ratio of 18.63 and a beta of 0.87.
Eagle Bancorp (NASDAQ:EGBN) last released its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.05. Eagle Bancorp had a net margin of 32.40% and a return on equity of 12.37%. The company had revenue of $71.94 million during the quarter, compared to the consensus estimate of $72.66 million. During the same period in the previous year, the firm earned $0.72 earnings per share. Eagle Bancorp’s revenue for the quarter was up 11.1% on a year-over-year basis. equities research analysts expect that Eagle Bancorp will post 3.34 EPS for the current fiscal year.
In other news, CEO Ronald D. Paul sold 28,140 shares of the business’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $65.62, for a total value of $1,846,546.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Leslie M. Alperstein sold 4,212 shares of the business’s stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $67.38, for a total transaction of $283,804.56. The disclosure for this sale can be found here. In the last three months, insiders sold 97,573 shares of company stock valued at $6,445,277. Company insiders own 8.39% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in EGBN. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Eagle Bancorp by 158.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,896 shares of the financial services provider’s stock worth $120,000 after buying an additional 1,162 shares during the period. Oppenheimer Asset Management Inc. grew its stake in Eagle Bancorp by 38.6% during the second quarter. Oppenheimer Asset Management Inc. now owns 2,874 shares of the financial services provider’s stock worth $182,000 after buying an additional 800 shares during the period. D.A. Davidson & CO. grew its stake in Eagle Bancorp by 49.9% during the second quarter. D.A. Davidson & CO. now owns 3,537 shares of the financial services provider’s stock worth $223,000 after buying an additional 1,177 shares during the period. Zions Bancorporation purchased a new stake in Eagle Bancorp during the third quarter worth approximately $231,000. Finally, Amalgamated Bank grew its stake in Eagle Bancorp by 7.5% during the second quarter. Amalgamated Bank now owns 4,052 shares of the financial services provider’s stock worth $256,000 after buying an additional 283 shares during the period. Institutional investors own 68.23% of the company’s stock.
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About Eagle Bancorp
Eagle Bancorp, Inc is a bank holding company for EagleBank (the Bank). The Bank is the Company’s principal operating subsidiary. The Bank is a chartered commercial bank. As of December 31, 2016, the Bank operated 21 banking offices: seven in Montgomery County, Maryland; five located in the District of Columbia, and nine in Northern Virginia.
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