Eagle Bancorp (NASDAQ:EGBN) Receives a Downgrade
In a recent research report issued to clients and investors on 2 December, Keefe Bruyette announced that they will be downgrading shares of Eagle Bancorp (NASDAQ:EGBN) from a Outperform to a Mkt Perform rating.
From a total of 5 analysts covering Eagle Bancorp (NASDAQ:EGBN) stock, 2 rate it a ”Buy”, 0 a “Sell”, and 3 a ”Hold”. This means that 40% of the ratings are positive. The highest target price is $55 while the lowest target price is $48. The mean of all analyst targets is $50.8 with a -4.81% below today’s ($54.1) stock price. Eagle Bancorp was the topic of 2 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. FBR Capital maintained shares on July 24 with “Outperform” rating.
Approximately 102,125 shares of stock traded hands. Eagle Bancorp, Inc. (NASDAQ:EGBN) has risen 46.52% since April 29, 2015 and is uptrending. It has outperformed by 46.72% the S&P500.
Eagle Bancorp, Inc. is a bank holding firm for EagleBank . The company has a market cap of $1.84 billion. The Bank is the Company’s principal operating subsidiary. It has 23.11 P/E ratio. The Bank is a chartered commercial bank.
According to Zacks Investment Research, “EAGLE BANCORP is the holding company for EagleBank. The Bank is headquartered in Bethesda, Maryland, and conducts full service commercial banking services through nine offices, located in Montgomery County, Maryland and Washington, D.C. The Company focuses on building relationships with businesses, professionals and individuals in its marketplace.” Get a free copy of the Zacks research report on Eagle Bancorp, Inc. (EGBN).