Why You Shouldn't Bet Against Eagle Bancorp (EGBN) Stock - Tale of the Tape
10 Februar 2014 - 2:51PM
Zacks
One stock that might be an intriguing
choice for investors right now is Eagle Bancorp,
Inc. (EGBN). This is because this security in the
Northeast Banking space is seeing solid earnings estimate revision
activity, and is in great company from a Zacks Industry Rank
perspective.
This is important because, often times, a rising tide will lift all
boats in an industry, as there can be broad trends taking place in
a segment that are boosting securities across the board. This is
arguably taking place in the Northeast Banking space as it
currently has a Zacks Industry Rank of 52 out of more than 250
industries, suggesting it is well-positioned from this perspective,
especially when compared to other segments out there.
Meanwhile, Eagle Bancorp is actually looking pretty good on its own
too. The firm has seen solid earnings estimate revision activity
over the past month, suggesting analysts are becoming a bit more
bullish on the firm’s prospects in both the short and long
term.
In fact, over the past month, current quarter estimates have risen
from 44 cents per share to 46 cents per share, while current year
estimates have risen from $1.88 per share to $1.97 per share. This
has helped EGBN to earn a Zacks Rank #1 (Strong Buy), further
underscoring the company’s solid position.
So, if you are looking for a decent pick in a strong industry,
consider Eagle Bancorp. Not only is its industry currently in the
top third, but it is seeing solid estimate revisions as of late,
suggesting it could be a very interesting choice for investors
seeking a name in this great industry segment.
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