Eagle Financial Services (NASDAQ:EFSI) Coverage Initiated at DA Davidson

Research analysts at DA Davidson started coverage on shares of Eagle Financial Services (NASDAQ:EFSI) in a note issued to investors on Wednesday. The brokerage set a “neutral” rating and a $43.00 price target on the stock. DA Davidson’s price objective would indicate a potential upside of 15.65% from the company’s previous close.

A number of other brokerages have also recently issued reports on EFSI. Weiss Ratings upgraded shares of Eagle Financial Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 9th. Capital One Financial set a $43.00 price objective on shares of Eagle Financial Services in a research note on Monday, February 9th. Freedom Capital lowered Eagle Financial Services from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 9th. Keefe, Bruyette & Woods increased their target price on Eagle Financial Services from $42.00 to $43.00 and gave the company an “outperform” rating in a report on Thursday, January 29th. Finally, Loop Capital set a $43.00 price target on Eagle Financial Services in a report on Monday, February 9th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $43.00.

Eagle Financial Services Stock Performance

Shares of EFSI opened at $37.18 on Wednesday. The company has a 50-day simple moving average of $39.34 and a 200-day simple moving average of $37.76. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $200.03 million, a PE ratio of 28.60 and a beta of 0.20. Eagle Financial Services has a 52-week low of $28.70 and a 52-week high of $41.12.

Eagle Financial Services (NASDAQ:EFSI) last posted its quarterly earnings results on Monday, January 26th. The company reported $0.81 earnings per share (EPS) for the quarter. Eagle Financial Services had a net margin of 7.76% and a return on equity of 9.99%. The company had revenue of $21.76 million during the quarter.

Institutional Investors Weigh In On Eagle Financial Services

Several hedge funds have recently modified their holdings of EFSI. Goldman Sachs Group Inc. acquired a new position in shares of Eagle Financial Services in the 1st quarter valued at $287,000. Geode Capital Management LLC lifted its position in Eagle Financial Services by 148.9% during the second quarter. Geode Capital Management LLC now owns 106,571 shares of the company’s stock valued at $3,264,000 after buying an additional 63,756 shares in the last quarter. Police & Firemen s Retirement System of New Jersey purchased a new stake in Eagle Financial Services during the second quarter worth approximately $32,000. Wealthspire Advisors LLC purchased a new stake in Eagle Financial Services during the second quarter worth approximately $298,000. Finally, JPMorgan Chase & Co. purchased a new stake in Eagle Financial Services during the 2nd quarter worth $67,000. 0.31% of the stock is owned by institutional investors and hedge funds.

Eagle Financial Services Company Profile

Eagle Financial Services, Inc (NASDAQ: EFSI) is the bank holding company for Eagle National Bank, a community-oriented financial institution headquartered in Fredericksburg, Virginia. The company offers a broad range of retail and commercial banking solutions, focusing on personalized service for individuals, small businesses, and nonprofit organizations. Through its subsidiary, Eagle National Bank, it maintains a commitment to local decision-making and relationship-driven service.

Eagle Financial Services provides deposit products including checking and savings accounts, money market funds, certificates of deposit, and individual retirement accounts.