KBW Reaffirms Their Hold Rating on Eagle Bancorp

By Carrie Williams

KBW analyst Catherine Mealor reiterated a Hold rating on Eagle Bancorp (NASDAQ: EGBN) yesterday and set a price target of $64. The company’s shares closed yesterday at $56.85.

According to TipRanks.com, Mealor is a 5-star analyst with an average return of 15.8% and a 76.8% success rate. Mealor covers the Financial sector, focusing on stocks such as Union First Market Bankshares Corp, American National Bankshares, and Community Bankers Trust Corp.

Eagle Bancorp has an analyst consensus of Hold, with a price target consensus of $64.

The company has a one year high of $64.95 and a one year low of $45.07. Currently, Eagle Bancorp has an average volume of 97.18K.

Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of EGBN in relation to earlier this year. Earlier this month, Janice Williams, the EVP of EGBN bought 29,260 shares for a total of $168,538.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Eagle Bancorp, Inc. is a holding company the engages in the provision of commercial, residential and consumer loans. It offers full 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. The firm provides commercial banking services to sole proprietorships, small and medium-sized businesses, partnerships, corporations, non-profit organizations and associations, and investors living and working in and near the Bank’s primary service area. The company was founded on October 28, 1997 and is headquartered in Bethesda, MD.