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Fly News Breaks for July 20, 2018
EGBN
Jul 20, 2018 | 04:58 EDT
Keefe Bruyette analyst Catherine Mealor views yesterday's post-earnings pullback in shares of Eagle Bancorp as overdone. The analyst lowered her price target for the stock to $65 from $70 and keeps an Outperform rating on the name. While the quarter was in-line, the 168% deposit beta is what drove the stock, Mealor tells investors in a research note. The analyst points out that even with the beta, net interest margin "held the line" at 4.15%, only down two basis points.
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