Eagle Bancorp rises as Raymond James starts coverage at 'strong buy'

Eagle Bancorp

15/04/2026 13:59

** Eagle Bancorp's EGBN.O shares rise 2.4% to $27.26 premarket

** Raymond James initiates coverage of the commercial bank at "strong buy" and $32 price target, implying 20.3% upside to stock's last close

** Says EGBN is at an inflection point as credit quality has improved following non-performing loan sales

** Adds that problem credits likely have been fully identified following a thorough internal and external loan portfolio review, supporting lower credit costs and return to profitability in 2026

** Credit weakness within the bank's office portfolio has been a top concern for investors in recent years

** Two of five brokerages rate the stock "buy" or higher and three "hold"; median PT $27 - data compiled by LSEG

** As of last close, EGBN stock up 24.2% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)

 ((ArasuKannagi.Basil@thomsonreuters.com;))