Recent extremely meaningful positive changes in investment behavior have benefitted Eagle Bancorp Inc (NASDAQ: EGBN): positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
Eagle Bancorp Inc (NASDAQ: EGBN) has recently enjoyed meaningful positive changes in fundamentals: the stock’s power rating rose above 70, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, EGBN is expected to continue to be a modest Value Builder.
Eagle Bancorp has a current Value Trend Rating of A (Highest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Eagle Bancorp has a good Power Rating of 70 and a good Appreciation Score of 82, with the Highest Value Trend Rating the result.
Recent Price Action
Eagle Bancorp Inc (NASDAQ: EGBN) stock suffered a large decline of -5.1% on 1/3/24. The stock closed at $28.33. Trading volume in this decline was normal. The stock has been strong relative to the market over the last nine months but has declined -7.6% during the last week.
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