It’s been a rough week for Eagle Bancorp’s (EGBN) shareholders. One of the fastest-growing, most profitable commercial banks I know, Eagle saw its share price hammered on a combination of weaker second quarter results and a vague disclosure that Eagle is involved in an investigation tied to the activities of its former CEO Ron Paul, with the latter being the far more surprising and troubling news item.
Valuing Eagle right now is especially difficult. The spread pressures that this spread-based lender are facing are significant, and the company is having to slow