Eagle Bancorp, Inc. (NASDAQ:EGBN) was the target of a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 470,980 shares, a drop of 45.5% from the November 30th total of 864,253 shares. Based on an average daily trading volume, of 1,026,717 shares, the days-to-cover ratio is presently 0.5 days. Approximately 1.5% of the company’s shares are short sold.
Several analysts recently commented on the company. Zacks Investment Research raised Eagle Bancorp from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a research note on Wednesday. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $66.00 price objective on shares of Eagle Bancorp in a research note on Friday, December 22nd. BidaskClub raised Eagle Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, December 15th. Finally, Boenning Scattergood reaffirmed a “buy” rating on shares of Eagle Bancorp in a research note on Thursday, October 19th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $66.25.
In related news, CEO Ronald D. Paul sold 5,000 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $66.47, for a total transaction of $332,350.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Dudley C. Dworken sold 2,000 shares of the firm’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $67.00, for a total value of $134,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 39,959 shares of company stock worth $2,682,251 in the last ninety days. 8.39% of the stock is currently owned by company insiders.
Shares of Eagle Bancorp (NASDAQ:EGBN) opened at $57.90 on Thursday. Eagle Bancorp has a 12 month low of $46.20 and a 12 month high of $69.80. The stock has a market capitalization of $1,978.90, a PE ratio of 17.98 and a beta of 0.88. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.23.
Eagle Bancorp (NASDAQ:EGBN) last released its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.05. Eagle Bancorp had a return on equity of 12.37% and a net margin of 32.40%. The firm had revenue of $71.94 million for the quarter, compared to the consensus estimate of $72.66 million. During the same quarter last year, the business posted $0.72 EPS. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. equities research analysts forecast that Eagle Bancorp will post 3.34 earnings per share for the current fiscal year.
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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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