Boenning & Scattergood Initiates a Buy Rating on Eagle Bancorp (EGBN)
Boenning & Scattergood analyst Erik Zwick initiated coverage with a Buy rating on Eagle Bancorp (EGBN) on June 20 and set a price target of $60. The company’s shares closed on Friday at $53.50.
According to TipRanks.com, Zwick is a 1-star analyst with an average return of -1.4% and a 43.6% success rate. Zwick covers the Financial sector, focusing on stocks such as Atlantic Union Bankshares Corporation, The First Of Long Island Corp, and Provident Financial Services.
Currently, the analyst consensus on Eagle Bancorp is a Moderate Buy with an average price target of $59.33.
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Eagle Bancorp’s market cap is currently $1.85B and has a P/E ratio of 12.27. The company has a Price to Book ratio of 1.61.
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Eagle Bancorp, Inc. is a bank holding company, which engages in the provision of commercial banking services. It offers banking such as checking accounts, business savings accounts, online and mobile banking, insurance, and investment advisory services; borrowing; and treasury management.