EagleBank shares upgraded to “Outperform”

Eagle Bank of Rossyln courtesy of aiadc.com

EagleBank is soaring above competitors in performance, and making moves locally to assert influence as the local bank on the rise. The $300 million strong bank out of Bethesda is gaining national attention in recent weeks for the bank's excellent performance. EagleBank was in the spotlight six weeks earlier as the termination of the merger agreement with Alliance Bank was announced. The undisclosed terms of non-agreement were not disclosed back in November, but three events in relation to EagleBank make deductive reasoning behind the decision to walk away from the Alliance Bank merger. Eagle Bank was featured as 1 of 3 bank stocks in America with a "big upside" on MSN Money. SmarTrend went public to investors in a recommendation of buying Eagle Bank stock, and SmarTrend did release an article on Tuesday to boast of EagleBank's(Eagle Bancorp: EGBN)  17.8% return to date from October's recommendation. The big news was the shares upgrade of Eagle Bank's(Eagle Bancorp: EGBN) from neutral … [Read more...]

Follow

Get every new post delivered to your Inbox.

Join 1,273 other followers