Wall Street Zen lowered shares of Eagle Financial Services (NASDAQ:EFSI – Free Report) from a hold rating to a sell rating in a report issued on Saturday morning.
A number of other brokerages have also issued reports on EFSI. Freedom Capital raised shares of Eagle Financial Services from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 15th. Zacks Research downgraded shares of Eagle Financial Services from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 11th. DA Davidson reiterated a “neutral” rating and set a $40.00 price objective on shares of Eagle Financial Services in a report on Monday, July 27th. Finally, Weiss Ratings raised shares of Eagle Financial Services from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Eagle Financial Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.25.
Get Our Latest Stock Report on Eagle Financial Services
Eagle Financial Services Price Performance
Eagle Financial Services (NASDAQ:EFSI – Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.37). Eagle Financial Services had a net margin of 15.16% and a return on equity of 8.38%. The business had revenue of $25.56 million during the quarter, compared to the consensus estimate of $21.29 million. As a group, sell-side analysts anticipate that Eagle Financial Services will post 2.71 EPS for the current year.
Eagle Financial Services Dividend Announcement
The company also recently announced 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. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.24 dividend on an annualized basis and a yield of 2.8%. Eagle Financial Services’s payout ratio is 35.84%.
Hedge Funds Weigh In On Eagle Financial Services
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. purchased a new position in shares of Eagle Financial Services during the third quarter valued at $26,000. BNP Paribas Financial Markets lifted its stake in Eagle Financial Services by 82.8% in the third 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. JPMorgan Chase & Co. purchased a new stake in Eagle Financial Services in the second quarter worth about $67,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Eagle Financial Services during the 3rd quarter worth about $84,000. Finally, Raymond James Financial Inc. bought a new position in Eagle Financial Services during the 2nd quarter worth about $83,000. Institutional investors own 0.31% of the company’s stock.
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.
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