Eagle Financial Services (NASDAQ:EFSI) Posts Quarterly Earnings Results, Misses Estimates By $0.17 EPS

Eagle Financial Services (NASDAQ:EFSI) posted its earnings results on Thursday. The company reported $0.69 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.17), FiscalAI reports. The company had revenue of $20.85 billion for the quarter, compared to the consensus estimate of $21.18 million. Eagle Financial Services had a net margin of 7.76% and a return on equity of 9.87%.

Eagle Financial Services Price Performance

NASDAQ EFSI traded up $0.21 on Friday, reaching $39.50. 1,540 shares of the stock traded hands, compared to its average volume of 14,394. The firm’s fifty day simple moving average is $36.01 and its 200 day simple moving average is $37.36. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.37. The company has a market cap of $213.70 million, a price-to-earnings ratio of 30.38 and a beta of 0.19. Eagle Financial Services has a 12 month low of $28.70 and a 12 month high of $41.12.

Eagle Financial Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Monday, May 4th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Monday, May 4th. Eagle Financial Services’s dividend payout ratio (DPR) is presently 95.38%.

Insider Buying and Selling at Eagle Financial Services

In related news, Director Scott M. Hamberger acquired 909 shares of Eagle Financial Services stock in a transaction dated Wednesday, March 11th. The stock was acquired at an average cost of $33.00 per share, with a total value of $29,997.00. Following 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 position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 8.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Eagle Financial Services

Several large investors have recently modified their holdings of EFSI. Fourthstone LLC boosted its stake in shares of Eagle Financial Services by 64.0% during the 4th quarter. Fourthstone LLC now owns 453,918 shares of the company’s stock worth $18,064,000 after acquiring an additional 177,132 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Eagle Financial Services by 105.3% during the 3rd quarter. Vanguard Group Inc. now owns 306,800 shares of the company’s stock worth $11,606,000 after acquiring an additional 157,331 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Eagle Financial Services by 148.9% during the 2nd quarter. Geode Capital Management LLC now owns 106,571 shares of the company’s stock worth $3,264,000 after acquiring an additional 63,756 shares in the last quarter. United Capital Financial Advisors LLC bought a new stake in shares of Eagle Financial Services during the 3rd quarter worth $613,000. Finally, Dimensional Fund Advisors LP bought a new stake in shares of Eagle Financial Services during the 3rd quarter worth $389,000. 0.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

EFSI has been the subject of several recent research reports. Keefe, Bruyette & Woods upped their target price on Eagle Financial Services from $42.00 to $43.00 and gave the company an “outperform” rating in a report on Thursday, January 29th. Loop Capital set a $43.00 target price on Eagle Financial Services in a report on Monday, February 9th. Zacks Research raised Eagle Financial Services to a “hold” rating in a report on Thursday, February 26th. Freedom Capital lowered Eagle Financial Services from a “strong-buy” rating to a “hold” rating in a report on Monday, February 9th. Finally, Capital One Financial set a $43.00 price objective on Eagle Financial Services in a research report on Monday, February 9th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $43.00.

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.