Eagle Financial Services Inc. (NASDAQ:EFSI) Stock Has Consensus Target Price of $43.75

Eagle Financial Services Inc. (NASDAQ:EFSI) has been given a consensus recommendation of “Moderate Buy” by the six brokerages that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $43.75.

Several brokerages recently weighed in on EFSI. Weiss Ratings reissued a “buy (b)” rating on shares of Eagle Financial Services in a report on Tuesday, September 22nd. DA Davidson increased their target price on Eagle Financial Services from $40.00 to $46.00 and gave the stock a “neutral” rating in a report on Wednesday, September 9th. Freedom Broker downgraded Eagle Financial Services from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 27th. Wall Street Zen lowered Eagle Financial Services from a “sell” rating to a “strong sell” rating in a research report on Monday, September 14th. Finally, Zacks Research upgraded Eagle Financial Services from a “strong sell” rating to a “hold” rating in a research report on Friday, September 25th.

Eagle Financial Services Price Performance

EFSI opened at $45.72 on Friday. The company has a 50-day moving average of $44.02 and a 200-day moving average of $41.12. The company has a market capitalization of $247.35 million, a P/E ratio of 15.48 and a beta of 0.21. Eagle Financial Services has a 1-year low of $31.44 and a 1-year high of $48.17. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.01 and a current ratio of 1.02.

Eagle Financial Services (NASDAQ:EFSI) last issued its earnings results on Thursday, July 23rd. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.37). The company had revenue of $25.56 million during the quarter, compared to analyst estimates of $21.29 million. Eagle Financial Services had a net margin of 15.16% and a return on equity of 8.38%. Equities analysts expect that Eagle Financial Services will post 2.71 EPS for the current fiscal year.

Eagle Financial Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 3rd were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Monday, August 3rd. Eagle Financial Services’s dividend payout ratio is currently 35.84%.

Hedge Funds Weigh In On Eagle Financial Services

A number of hedge funds have recently added to or reduced their stakes in the business. Deutsche Bank AG bought a new position in shares of Eagle Financial Services in the 2nd quarter worth about $195,000. Bank of America Corp DE acquired a new stake in Eagle Financial Services during the second quarter worth about $392,000. Expressive Wealth LLC acquired a new stake in Eagle Financial Services during the second quarter worth about $434,000. Bank of New York Mellon Corp acquired a new stake in shares of Eagle Financial Services during the 2nd quarter worth approximately $651,000. Finally, United Capital Financial Advisors LLC acquired a new stake in shares of Eagle Financial Services during the 2nd quarter worth approximately $671,000. Institutional investors and hedge funds own 0.31% of the company’s stock.

About Eagle Financial Services

Eagle Financial Services, Inc is a bank holding company headquartered in Berryville, Virginia. Through its principal subsidiary, Bank of Clarke County, the company provides community banking services to individuals, families, businesses and organizations.

Bank of Clarke County offers a range of deposit products, including checking, savings and certificates of deposit, along with commercial, residential mortgage and consumer lending. Its services also include online and mobile banking, treasury management and other financial solutions designed for personal and business customers.

The bank traces its history to the establishment of Bank of Clarke County in 1881 and serves communities in Virginia’s Northern Shenandoah Valley, including Clarke, Frederick and Loudoun counties and the Winchester area.