Eagle Financial Services’ (EFSI) Neutral Rating Reaffirmed at DA Davidson

Eagle Financial Services (NASDAQ:EFSI)‘s stock had its “neutral” rating reaffirmed by equities researchers at DA Davidson in a research note issued on Monday,Benzinga reports. They presently have a $40.00 price objective on the stock. DA Davidson’s target price suggests a potential upside of 7.57% from the company’s previous close.

EFSI has been the subject of a number of other research reports. Keefe, Bruyette & Woods raised their price target on Eagle Financial Services from $42.00 to $43.00 and gave the stock an “outperform” rating in a research note on Thursday, January 29th. Zacks Research raised Eagle Financial Services to a “hold” rating in a research note on Thursday, February 26th. Loop Capital set a $43.00 price target on Eagle Financial Services in a research note on Monday, February 9th. Capital One Financial set a $43.00 price target on Eagle Financial Services in a research note on Monday, February 9th. Finally, Weiss Ratings lowered Eagle Financial Services from a “buy (b-)” rating to a “hold (c)” rating in a research note on Tuesday, March 17th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Eagle Financial Services has an average rating of “Hold” and an average target price of $42.25.

Eagle Financial Services Trading Down 2.3%

EFSI stock traded down $0.88 on Monday, reaching $37.19. The company’s stock had a trading volume of 1,953 shares, compared to its average volume of 14,325. The business has a fifty day simple moving average of $35.90 and a two-hundred day simple moving average of $37.42. Eagle Financial Services has a 12-month low of $28.70 and a 12-month high of $41.12. The firm has a market cap of $201.25 million, a PE ratio of 10.59 and a beta of 0.22. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.04 and a current ratio of 1.04.

Eagle Financial Services (NASDAQ:EFSI) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.17). Eagle Financial Services had a return on equity of 10.25% and a net margin of 15.81%.The business had revenue of $20.85 billion during the quarter, compared to analysts’ expectations of $21.18 million. As a group, research analysts forecast that Eagle Financial Services will post 3.3 EPS for the current year.

Insider Transactions at Eagle Financial Services

In other news, Director Scott M. Hamberger acquired 909 shares of the firm’s stock in a transaction on Wednesday, March 11th. The stock was acquired at an average price of $33.00 per share, for a total transaction of $29,997.00. Following the completion of the acquisition, the director owned 2,550 shares in the company, valued at $84,150. This trade represents a 55.39% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 7.12% of the company’s stock.

Hedge Funds Weigh In On Eagle Financial Services

A number of institutional investors have recently added to or reduced their stakes in EFSI. Dimensional Fund Advisors LP increased its holdings in shares of Eagle Financial Services by 53.2% during the first quarter. Dimensional Fund Advisors LP now owns 24,095 shares of the company’s stock valued at $843,000 after acquiring an additional 8,371 shares in the last quarter. AQR Capital Management LLC boosted its stake in Eagle Financial Services by 4.1% in the 4th quarter. AQR Capital Management LLC now owns 15,220 shares of the company’s stock worth $606,000 after purchasing an additional 601 shares in the last quarter. Trexquant Investment LP grew its position in Eagle Financial Services by 100.8% during the 4th quarter. Trexquant Investment LP now owns 11,684 shares of the company’s stock valued at $465,000 after purchasing an additional 5,866 shares during the last quarter. Barclays PLC grew its position in Eagle Financial Services by 4.0% during the 4th quarter. Barclays PLC now owns 18,697 shares of the company’s stock valued at $744,000 after purchasing an additional 719 shares during the last quarter. Finally, Fourthstone LLC grew its position in Eagle Financial Services by 64.0% during the 4th quarter. Fourthstone LLC now owns 453,918 shares of the company’s stock valued at $18,064,000 after purchasing an additional 177,132 shares during the last quarter. Institutional investors own 0.31% of the company’s stock.

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.