Eagle Financial Services Inc. (NASDAQ:EFSI) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Eagle Financial Services Inc. (NASDAQ:EFSI) have earned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $42.25.

A number of equities analysts recently weighed in on EFSI shares. 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 upgraded shares of Eagle Financial Services from a “hold” rating to a “strong-buy” rating in a report on Friday, May 15th. Wall Street Zen downgraded shares of Eagle Financial Services from a “sell” rating to a “strong sell” rating in a research report on Saturday. DA Davidson reissued a “neutral” rating and issued a $40.00 target price on shares of Eagle Financial Services in a research report on Monday, July 27th. Finally, Freedom Broker lowered shares of Eagle Financial Services from a “strong-buy” rating to a “hold” rating in a report on Thursday.

Institutional Trading of Eagle Financial Services

Hedge funds have recently modified their holdings of the business. Millennium Management LLC boosted its position in shares of Eagle Financial Services by 2.2% in the third quarter. Millennium Management LLC now owns 13,581 shares of the company’s stock worth $514,000 after buying an additional 288 shares during the period. Wells Fargo & Company MN raised its position 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 valued at $429,000 after buying an additional 458 shares during the period. BNP Paribas Financial Markets raised its position 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 valued at $45,000 after buying an additional 538 shares during the period. AQR Capital Management LLC lifted 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 acquiring an additional 601 shares in the last quarter. Finally, Russell Investments Group Ltd. purchased a new stake in Eagle Financial Services in the 3rd quarter worth about $26,000. Hedge funds and other institutional investors own 0.31% of the company’s stock.

Eagle Financial Services Stock Performance

EFSI opened at $41.53 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The firm has a market cap of $224.68 million, a PE ratio of 12.00 and a beta of 0.23. The business has a fifty day simple moving average of $41.67 and a 200-day simple moving average of $38.97. Eagle Financial Services has a fifty-two week low of $31.44 and a fifty-two week high of $45.44.

Eagle Financial Services (NASDAQ:EFSI) last announced 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). Eagle Financial Services had a return on equity of 8.38% and a net margin of 15.16%.The company had revenue of $25.56 million for the quarter, compared to analyst estimates of $21.29 million. As a group, equities analysts predict that Eagle Financial Services will post 2.71 EPS for the current fiscal year.

Eagle Financial Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Monday, August 3rd were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.0%. The ex-dividend date was Monday, August 3rd. Eagle Financial Services’s payout ratio is presently 35.84%.

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.