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Analysts mixed on effects of EagleBank's investigations disclosure

Andy Medici
Analysts mixed on effects of EagleBank's investigations disclosure

Eagle Bancorp Inc., the parent company of EagleBank, saw nearly half a billion dollars in market value vanish by Thursday's closing bell after disclosing it was the subject of ongoing government investigations — and analysts are decidedly mixed on what that means for the Bethesda-based community bank. The bank also missed earnings targets and reported a year-over-year drop in quarterly profits, the second such drop after a decadelong streak of increased quarterly profits.