In a report released today, Matthew Schultheis from Boenning & Scattergood reiterated a Buy rating on Eagle Bancorp (EGBN). The company’s shares closed yesterday at $53.80.
Schultheis observed:
“We believe the biggest catalyst for the stock will be a combination of grinding out better-than- peers returns and growth.”
According to TipRanks.com, Schultheis is a 3-star analyst with an average return of 1.5% and a 44.9% success rate. Schultheis covers the Financial sector, focusing on stocks such as Orrstown Financial Services Inc, Citizens Financial Services Inc, and Fulton Financial Corp.
Currently, the analyst consensus on Eagle Bancorp is a Strong Buy with an average price target of $60.
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Based on Eagle Bancorp’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $38.95 million. In comparison, last year the company had a net profit of $15.57 million.
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Eagle Bancorp, Inc. is a holding company the engages in the provision of commercial, residential and consumer loans. The company offers commercial banking services to its business and professional clients as well as complete consumer banking services to individuals living and working in the service area.
