Seeking Alpha: Eagle Bancorp Could Be A Long-Term Love Story

This may be the early stages of a banking love story, or at least a crush, and it goes to show that sometimes the process of digging up information and research on a company can lead you to an even better idea. That seems to be case with Eagle Bancorp (EGBN), a stock which I've followed intermittently, but didn't really dig into until after writing an article on regional peer Sandy Spring Bancorp (SASR).

I walked away from Sandy Spring thinking it was an okay idea, and the stock is up about 15% since then. While Eagle Bancorp is up less (about 11%) over the same stretch, this may be the stock to watch in the metro D.C. area. Management here runs a pretty tight ship, with a clear focus on organic share growth against regional rivals and disciplined underwriting. Even though the stock is near a new 52-week high as of this writing, my analysis suggests that this stock may be undervalued by 10% to 30%.

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Eagle Bancorp Could Be A Long-Term Love Story