Eagle Bancorp says stock decline caused by groundless allegations

Bethesda-based bank accuses website of circulating damaging report to short its stock

Investors appear to be buying Eagle Bank’s defenses Monday after Eagle Bancorp stock dropped significantly Friday when Aurelius Value published an anonymous report accusing the bank’s leadership of unscrupulous lending practices and shorted the bank’s stock. Eagle Bancorp stock dropped more than 24 percent before the close of business Friday as the market reacted to Aurelius’ ...

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