Eagle Financial Services (NASDAQ:EFSI) Upgraded to Strong-Buy at Freedom Capital

Freedom Capital upgraded shares of Eagle Financial Services (NASDAQ:EFSI) from a hold rating to a strong-buy rating in a report released on Friday,Zacks.com reports.

Other equities analysts also recently issued research reports about the company. Keefe, Bruyette & Woods lifted their price objective on Eagle Financial Services from $42.00 to $43.00 and gave the stock an “outperform” rating in a research report on Thursday, January 29th. Loop Capital set a $43.00 price objective on Eagle Financial Services in a research report on Monday, February 9th. DA Davidson reiterated a “neutral” rating and set a $40.00 price objective on shares of Eagle Financial Services in a research report on Monday, May 11th. Capital One Financial set a $43.00 price objective on Eagle Financial Services in a research report on Monday, February 9th. Finally, Weiss Ratings upgraded Eagle Financial Services from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $42.25.

Eagle Financial Services Stock Performance

Shares of Eagle Financial Services stock opened at $37.24 on Friday. Eagle Financial Services has a one year low of $28.70 and a one year high of $41.12. The company has a market cap of $201.47 million, a price-to-earnings ratio of 10.58 and a beta of 0.22. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.04 and a current ratio of 1.02. The business’s 50 day moving average price is $36.12 and its 200 day moving average price is $37.43.

Eagle Financial Services (NASDAQ:EFSI) last announced its quarterly earnings data 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 10.17% and a net margin of 15.81%.The company had revenue of $20.85 million for the quarter, compared to analysts’ expectations of $21.18 million. On average, research analysts predict that Eagle Financial Services will post 3.12 EPS for the current year.

Eagle Financial Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a $1.24 annualized dividend and a yield of 3.3%. Eagle Financial Services’s dividend payout ratio (DPR) is 35.23%.

Insider Transactions at Eagle Financial Services

In other Eagle Financial Services news, Director Scott M. Hamberger bought 909 shares of the business’s stock in a transaction on Wednesday, March 11th. The stock was bought at an average price of $33.00 per share, with a total value of $29,997.00. Following the completion of the purchase, the director directly owned 2,550 shares in the company, valued at $84,150. The trade was a 55.39% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 7.12% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Eagle Financial Services

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Millennium Management LLC increased its stake in Eagle Financial Services by 2.2% during the third quarter. Millennium Management LLC now owns 13,581 shares of the company’s stock worth $514,000 after acquiring an additional 288 shares during the last quarter. Wells Fargo & Company MN increased its stake in Eagle Financial Services by 4.4% during the fourth quarter. Wells Fargo & Company MN now owns 10,771 shares of the company’s stock worth $429,000 after acquiring an additional 458 shares during the last quarter. BNP Paribas Financial Markets increased its stake in Eagle Financial Services by 82.8% during the third quarter. BNP Paribas Financial Markets now owns 1,188 shares of the company’s stock worth $45,000 after acquiring an additional 538 shares during the last quarter. AQR Capital Management LLC increased its stake in Eagle Financial Services by 4.1% during the fourth quarter. AQR Capital Management LLC now owns 15,220 shares of the company’s stock worth $606,000 after acquiring an additional 601 shares during the last quarter. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Eagle Financial Services in the third quarter valued at $26,000. Institutional investors and hedge funds own 0.31% of the company’s stock.

About Eagle Financial Services

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.