Eagle Bancorp (EGBN, Financial) has been initiated with a Hold rating by Jefferies analyst David Chiaverini, accompanied by a set price target of $20. The analyst's coverage extends to 32 regional and mid-cap banks, marked by a generally optimistic outlook. Despite some uncertainties, positive factors such as a potential rebound in loan growth as the U.S. steers clear of recession, an increase in net interest margins due to a steeper yield curve, and strong credit metrics could favorably influence the banking sector. Jefferies also notes the presence of surplus capital that banks can leverage for strategic purposes, and the appeal of current valuations.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 3 analysts, the average target price for Eagle Bancorp Inc (EGBN, Financial) is $24.00 with a high estimate of $29.00 and a low estimate of $21.00. The average target implies an upside of 29.66% from the current price of $18.51. More detailed estimate data can be found on the Eagle Bancorp Inc (EGBN) Forecast page.
Based on the consensus recommendation from 3 brokerage firms, Eagle Bancorp Inc's (EGBN, Financial) average brokerage recommendation is currently 3.0, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Eagle Bancorp Inc (EGBN, Financial) in one year is $24.86, suggesting a upside of 34.31% from the current price of $18.51. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Eagle Bancorp Inc (EGBN) Summary page.
