Eagle Financial Services (NASDAQ:EFSI) Releases Earnings Results, Beats Estimates By $0.05 EPS

Eagle Financial Services (NASDAQ:EFSI) posted its quarterly earnings results on Thursday. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.05, Zacks reports. The business had revenue of $22.93 million for the quarter, compared to analyst estimates of $22.09 million. Eagle Financial Services had a return on equity of 8.38% and a net margin of 15.16%.

Eagle Financial Services Price Performance

NASDAQ EFSI traded up $0.61 during trading hours on Thursday, reaching $46.51. The company’s stock had a trading volume of 111,992 shares, compared to its average volume of 35,262. Eagle Financial Services has a 1 year low of $31.44 and a 1 year high of $48.17. The firm’s 50-day moving average price is $44.45 and its 200-day moving average price is $41.58. 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 company has a market capitalization of $251.62 million, a price-to-earnings ratio of 13.44 and a beta of 0.21.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on EFSI shares. Wall Street Zen cut shares of Eagle Financial Services from a “sell” rating to a “strong sell” rating in a report on Monday, September 14th. DA Davidson upped their price target on shares of Eagle Financial Services from $40.00 to $46.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 9th. Weiss Ratings reissued a “buy (b)” rating on shares of Eagle Financial Services in a report on Tuesday, September 22nd. Freedom Broker cut shares of Eagle Financial Services from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 27th. Finally, Zacks Research raised Eagle Financial Services from a “strong sell” rating to a “hold” rating in a report on Friday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $43.75.

About Eagle Financial Services

Eagle Financial Services, Inc is a bank holding company headquartered in Berryville, Virginia. Through its principal subsidiary, Bank of Clarke County, the company provides community banking services to individuals, families, businesses and organizations.

Bank of Clarke County offers a range of deposit products, including checking, savings and certificates of deposit, along with commercial, residential mortgage and consumer lending. Its services also include online and mobile banking, treasury management and other financial solutions designed for personal and business customers.

The bank traces its history to the establishment of Bank of Clarke County in 1881 and serves communities in Virginia’s Northern Shenandoah Valley, including Clarke, Frederick and Loudoun counties and the Winchester area.