http://www.Gabelli.com
Invest with Us 1-800-GABELLI (800-422-3554)
My name is Steve Comery, and my 2019 Best Idea is Eagle Bancorp.
Despite a year of strong balance sheet and tangible book value growth, EGBN stock traded roughly flat in 2019.
We think the headline risks around investigations have caused the market to lose track of the fundamental value in Eagle’s banking franchise, which has consistently produced above-peer returns.
In summary, we think Eagle Bank performs like a top-tier community banking institution, while the EGBN stock trades like that of a middling lender.
We continue to recommend EGBN with a 2020 PMV estimate of $73 per share, and we consider the stock to be a best idea for 2020.
