Janney Montgomery Scott Upgrades Eagle Bancorp (EGBN) Stock

Eagle Bancorp, Inc. (NASDAQ:EGBN) is one of the 7 best undervalued stocks to buy now. Janney Montgomery Scott, a leading financial services firm, upgraded the company’s stock to “Buy” from “Neutral” with a fair value estimate of $24, as reported by The Fly. According to the analyst, market players have largely ignored the company’s shares over the past few months. The analyst believes that investors are required to carefully assess Eagle Bancorp, Inc. (NASDAQ:EGBN)’s story as it still trades at a less than 66% average price-to-tangible book value ratio since December 2022. If market players continue to be patient, the stock’s valuation might return to its average historical level, rewarding the investors.

Total loans came in at $7.9 billion as of March 31, 2025, reflecting a rise of 0.1% from the prior quarter-end. The rise in total loans was because of an increase in owner-occupied commercial real estate loans from the prior quarter-end. This was offset by a decline in income-producing commercial real estate loans. Furthermore, Eagle Bancorp, Inc. (NASDAQ:EGBN)’s capital position is strong, with common equity tier one capital at 14.6% and a tangible common equity ratio surpassing 10%.

Eagle Bancorp, Inc. (NASDAQ:EGBN) operates as the bank holding company for EagleBank, which offers commercial and consumer banking services.

While we acknowledge the potential of EGBN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk.  If you are looking for an AI stock that is more promising than EGBN and that has 100x upside potential, check out our report about this cheapest AI stock.

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