Eagle Bancorp, Inc. (NASDAQ:EGBN) sees short interest fall sharply
Eagle Bancorp, Inc. (NASDAQ:EGBN – received rating) was the target of a significant drop in short interest rates in the month of October. On October 15, there was short interest totaling 630,100 shares, down 10.1% from the September 30 total of 700,600 shares. Based on an average trading volume of 133,900 shares, the days-to-cover ratio is currently 4.7 days. About 2.0% of the stock’s shares are sold short.
Eagle Bancorp price history
shares of EGBN share rose $0.87 during Friday’s trading hours to hit $45.35. The stock had a trading volume of 205,833 shares compared to an average volume of 134,941. Eagle Bancorp has a yearly low of $41.97 and a yearly high of $63.84. The company has a gearing ratio of 0.06, a current ratio of 0.79 and a quick ratio of 0.79. The stock’s 50-day moving average price is $46.40 and its 200-day moving average price is $48.13. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 9.73 and a beta of 0.91.
Eagle Bancorp announces dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Monday, October 10 will receive a dividend of $0.45. The ex-dividend date of this dividend is Thursday October 6th. That equates to an annualized dividend of $1.80 and a dividend yield of 3.97%. Eagle Bancorp’s Dividend Payout Ratio (DPR) is 38.63%.
Wall Street analyst ponders
Separately, StockNews.com Eagle Bancorp began coverage in a report on Wednesday, October 12th. You give the stock a “hold” rating.
Institutional investors rely on Eagle Bancorp
Several large investors have recently changed their positions in EGBN. Millennium Management LLC increased its ownership of shares in Eagle Bancorp by 436.6% in the second quarter. Millennium Management LLC now owns 394,797 shares of the financial services firm valued at $18,717,000 after purchasing an additional 321,218 shares last quarter. Bank of Montreal Can increased its stake in Eagle Bancorp by 2,403.4% in the second quarter. Bank of Montreal Can now owns 217,697 shares of the financial services provider, valued at $10,469,000, after purchasing an additional 209,001 shares last quarter. FMR LLC increased its holding in Eagle Bancorp by 13.7% during the second quarter. FMR LLC now owns 1,463,109 shares of the financial services provider valued at $69,366,000 after purchasing an additional 176,776 shares last quarter. invesco ltd increased its stake in Eagle Bancorp by 95.6% in the first quarter. invesco ltd now owns 304,792 shares of the financial services provider, valued at $17,376,000, after purchasing an additional 148,941 shares last quarter. Finally, Cubist Systematic Strategies LLC increased its stake in Eagle Bancorp by 923.1% during the second quarter. Cubist Systematic Strategies LLC now owns 147,524 shares of the financial services firm valued at $6,994,000 after purchasing an additional 133,105 shares last quarter. 73.95% of the shares are owned by institutional investors.
About Eagle Bancorp
Eagle Bancorp, Inc acts as the banking holding company for EagleBank, which provides commercial and consumer banking services primarily in the United States. The Company also offers a variety of commercial and consumer credit products, including commercial loans for working capital, equipment purchases, real estate credit lines, and government contract financing; asset-based lending and receivables financing; building loans and commercial real estate loans; Financing of business equipment; 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 home loans.
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