Wall Street Zen upgraded shares of Eagle Financial Services (NASDAQ:EFSI – Free Report) from a strong sell rating to a sell rating in a report issued on Sunday,Wall Street Zen reports.
Several other analysts have also issued reports on EFSI. Zacks Research lowered Eagle Financial Services from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 11th. Freedom Broker cut Eagle Financial Services from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 27th. Weiss Ratings upgraded 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. Finally, DA Davidson reaffirmed a “neutral” rating and set a $40.00 price target on shares of Eagle Financial Services in a research note on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Eagle Financial Services currently has an average rating of “Moderate Buy” and an average target price of $42.25.
Read Our Latest Analysis on Eagle Financial Services
Eagle Financial Services Stock Performance
Eagle Financial Services (NASDAQ:EFSI – Get Free Report) last released 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 analysts’ expectations of $21.29 million. Eagle Financial Services had a return on equity of 8.38% and a net margin of 15.16%. Research analysts expect that Eagle Financial Services will post 2.71 EPS for the current fiscal year.
Eagle Financial Services Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Monday, August 3rd were issued a dividend of $0.31 per share. The ex-dividend date was Monday, August 3rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.0%. Eagle Financial Services’s dividend payout ratio (DPR) is currently 35.84%.
Hedge Funds Weigh In On Eagle Financial Services
Several hedge funds have recently bought and sold shares of EFSI. Goldman Sachs Group Inc. acquired a new position in shares of Eagle Financial Services during the 1st quarter valued at about $287,000. Geode Capital Management LLC boosted its position in Eagle Financial Services by 148.9% during the second quarter. Geode Capital Management LLC now owns 106,571 shares of the company’s stock worth $3,264,000 after purchasing an additional 63,756 shares during the period. JPMorgan Chase & Co. acquired a new position in Eagle Financial Services during the second quarter valued at approximately $67,000. New York State Common Retirement Fund acquired a new position in Eagle Financial Services during the second quarter valued at approximately $101,000. Finally, Raymond James Financial Inc. bought a new position in shares of Eagle Financial Services in the second quarter valued at approximately $83,000. 0.31% of the stock is owned by institutional investors and hedge funds.
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.
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