Piper Sandler raised the firm’s price target on Eagle Bancorp (EGBN) to $29 from $27 and keeps a Neutral rating on the shares. The firm told investors that Eagle Bancorp has been a “volatile” stock around earnings, and it would attribute “outperformance” to the fact that credit trends did not contain any “major surprises” and did not include further “issues” within office. Piper added that even after the stock’s move, it still trades at a “wide discount” to tangible book value per share.
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Read More on EGBN:
- Eagle Bancorp Releases Earnings Presentation for 2024
- Eagle Bancorp reports Q3 EPS 72c, consensus 44c
- Eagle Bancorp assumed with a Neutral at Piper Sandler
- Is EGBN a Buy, Before Earnings?
- Eagle Bancorp Strengthens Finances and Adjusts Dividend Strategy
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