EGBN Stock Summary and Trading Ideas (Eagle Bancorp | NASDAQ:EGBN)

Eagle Bancorp Inc is a bank holding company that operates through its wholly-owned subsidiary, EagleBank which offers a broad range of commercial banking services to business and professional clients, and consumer banking services to individuals. These services include commercial loans for a variety of business purposes such as for working capital, equipment purchases, real estate lines of credit and government contract financing, asset-based lending and accounts receivable financing, construction and commercial real estate loans, business equipment financing, consumer home equity lines of credit, personal lines of credit and term loans, consumer loans, personal credit cards, residential mortgage loans.

Eagle Bancorp trades on the NASDAQ stock market under the symbol EGBN.

As of December 10, 2024, EGBN stock price climbed to $29.09 with 143,971 million shares trading.

EGBN has a beta of 0.60, meaning it tends to be less sensitive to market movements. EGBN has a correlation of 0.03 to the broad based SPY ETF.

EGBN has a market cap of $878.10 million. This is considered a Small Cap stock.

Last quarter Eagle Bancorp reported $72 million in Revenue and $.72 earnings per share. This fell short of revenue expectation by $-3 million and exceeded earnings estimates by $.28.

In the last 3 years, EGBN traded as high as $63.84 and as low as $15.99.

The top ETF exchange traded funds that EGBN belongs to (by Net Assets): IJR, VTI, IWM, AVUV, KRE.

EGBN has underperformed the market in the last year with a price return of +16.2% while the SPY ETF gained +32.5%. However, in the short term, EGBN had mixed performance relative to the market. It has outperformed in the last 3 months, returning +39.0% vs +10.6% return in SPY. But in the last 2 weeks, EGBN shares have been beat by the market, returning -3.0% compared to an SPY return of +0.9%.

EGBN support price is $28.38 and resistance is $29.56 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that EGBN shares will trade within this expected range on the day.