Eagle Bancorp Inc. (Maryland) Stock Rating Upgraded by Keefe, Bruyette & Woods (EGBN)
Eagle Bancorp Inc. (Maryland) (NASDAQ:EGBN) was upgraded by research analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a report released on Wednesday, TheFlyOnTheWall.com reports.
The analysts wrote, “We are upgrading EGBN to Outperform as we believe the recent sell-off in the shares is over done. We view EGBN as a high-performing bank that delivers best-in-class profitability (1.3% ROA / 14.5% ROTCE / 48% efficiency expected in 2014) and strong credit quality, and should continue to grow loans at a double-digit pace. The stock is down 14% since March and is now trading at only 13.3x 2015 EPS and 2.3x TBV. Our PT of $37 offers 18% upside from the current price.”
Shares of Eagle Bancorp Inc. (NASDAQ:EGBN) opened at 33.95 on Wednesday. Eagle Bancorp Inc. has a 52-week low of $21.25 and a 52-week high of $37.00. The stock’s 50-day moving average is $34.98 and its 200-day moving average is $32.44. The company has a market cap of $881.9 million and a price-to-earnings ratio of 18.60.
Eagle Bancorp Inc. (Maryland) (NASDAQ:EGBN) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.01. During the same quarter in the previous year, the company posted $0.44 earnings per share. Analysts expect that Eagle Bancorp Inc. will post $1.99 EPS for the current fiscal year.
Eagle Bancorp, Inc is a bank holding company for EagleBank (NASDAQ:EGBN).
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