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

Eagle Financial Services Inc. (NASDAQ:EFSIGet Free Report) has earned a consensus rating of “Moderate Buy” from the five research firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $42.25.

A number of equities analysts have recently commented on EFSI shares. Zacks Research lowered shares of Eagle Financial Services from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 12th. 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 reaffirmed a “neutral” rating and set a $40.00 target price on shares of Eagle Financial Services in a report on Monday, May 11th. Finally, Weiss Ratings upgraded Eagle Financial Services from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, June 26th.

Check Out Our Latest Stock Analysis on EFSI

Institutional Trading of Eagle Financial Services

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Millennium Management LLC lifted its holdings in Eagle Financial Services by 2.2% in the third quarter. Millennium Management LLC now owns 13,581 shares of the company’s stock valued at $514,000 after buying an additional 288 shares during the period. Wells Fargo & Company MN grew its holdings in Eagle Financial Services by 4.4% during the 4th 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 period. BNP Paribas Financial Markets grew its holdings in Eagle Financial Services by 82.8% during the 3rd 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 period. AQR Capital Management LLC raised its position in shares of 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. bought a new position in shares of Eagle Financial Services in the 3rd quarter worth about $26,000. Institutional investors and hedge funds own 0.31% of the company’s stock.

Eagle Financial Services Stock Down 3.1%

NASDAQ:EFSI opened at $40.91 on Friday. The firm’s 50 day simple moving average is $39.78 and its 200 day simple moving average is $38.38. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.02 and a quick ratio of 1.02. Eagle Financial Services has a one year low of $31.44 and a one year high of $44.00. The company has a market cap of $221.32 million, a PE ratio of 11.62 and a beta of 0.22.

Eagle Financial Services (NASDAQ:EFSIGet Free Report) last posted its earnings results on Thursday, April 23rd. The company reported $0.69 earnings per share 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 business had revenue of $20.85 million for the quarter, compared to the consensus estimate of $21.18 million. On average, research analysts anticipate that Eagle Financial Services will post 3.12 earnings per share for the current year.

Eagle Financial Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Monday, May 4th. Eagle Financial Services’s payout ratio is currently 35.23%.

About Eagle Financial Services

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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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Analyst Recommendations for Eagle Financial Services (NASDAQ:EFSI)

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