Stephens analyst Brody Preston resumed coverage of Eagle Bancorp with an Equal Weight rating and $50 price target. Preston said that the reason he is not more positive on the stock given its "top tier profitability" and "reasonable" valuation is the ongoing investigations by various government agencies, which focus around the company's identification, classification and disclosure of related party transactions; the retirement of certain former officers and directors; and the relationship of the company and certain of its former officers and directors with a local public official.