Eagle Financial Services (NASDAQ:EFSI) Announces Earnings Results, Misses Expectations By $0.37 EPS

Eagle Financial Services (NASDAQ:EFSI) released its earnings results on Thursday. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.37), FiscalAI reports. The firm had revenue of $22.10 billion during the quarter, compared to analysts’ expectations of $21.29 million. Eagle Financial Services had a return on equity of 8.44% and a net margin of 15.16%.

Eagle Financial Services Trading Down 2.3%

EFSI stock opened at $40.48 on Friday. Eagle Financial Services has a 52 week low of $31.44 and a 52 week high of $44.00. The company has a market cap of $219.00 million, a price-to-earnings ratio of 11.70 and a beta of 0.22. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.16. The business has a fifty day simple moving average of $40.89 and a 200-day simple moving average of $38.53.

Eagle Financial Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Monday, August 3rd will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $1.24 annualized dividend and a dividend yield of 3.1%. Eagle Financial Services’s payout ratio is currently 35.84%.

Institutional Trading of Eagle Financial Services

A number of hedge funds have recently bought and sold shares of EFSI. Russell Investments Group Ltd. acquired a new stake in shares of Eagle Financial Services during the third quarter valued at approximately $26,000. BNP Paribas Financial Markets lifted its holdings in shares of Eagle Financial Services by 82.8% in the third quarter. BNP Paribas Financial Markets now owns 1,188 shares of the company’s stock valued at $45,000 after purchasing an additional 538 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of Eagle Financial Services in the second quarter worth $67,000. Raymond James Financial Inc. purchased a new position in shares of Eagle Financial Services during the second quarter valued at $83,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Eagle Financial Services during the third quarter valued at $84,000. 0.31% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EFSI has been the topic of a number of recent analyst reports. Weiss Ratings raised Eagle Financial Services from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, June 26th. Freedom Capital raised Eagle Financial Services from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 15th. DA Davidson reiterated a “neutral” rating and issued a $40.00 target price on shares of Eagle Financial Services in a research note on Monday, May 11th. Finally, Zacks Research upgraded Eagle Financial Services from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $42.25.

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.