Eagle Bancorp's (NASDAQ:EGBN) Organic Growth Prospects Look Solid

FBR Capital said they're maintaining their "Outperform" rating on Eagle Bancorp (NASDAQ:EGBN), citing organic growth strength and fee income expansion.

"With 3Q10 results behind us, we are updating our estimates for Eagle Bancorp. We are raising our 2010 estimate from $0.71 to $0.74 and our 2011 estimate from $1.08 to $1.11, and we are initiating a 2012 estimate of $1.43. We remain impressed by Eagle's organic growth prospects, and we applaud its efforts to expand fee income and its improving branch footprint in northern Virginia," said FBR.

Eagle closed Tuesday at $12.67, falling $0.27, or 2.09 percent. FBR raised their price target on them from $14 to $15.