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

Shares of Eagle Financial Services Inc. (NASDAQ:EFSI) have been given a consensus recommendation of “Moderate Buy” by the five ratings firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $42.25.

A number of equities analysts have weighed in on EFSI shares. DA Davidson reaffirmed a “neutral” rating and issued a $40.00 target price on shares of Eagle Financial Services in a research note on Monday, May 11th. Weiss Ratings upgraded shares of Eagle Financial Services from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, June 26th. Freedom Capital upgraded Eagle Financial Services from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 15th. Finally, Zacks Research downgraded Eagle Financial Services from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 12th.

Institutional Investors Weigh In On Eagle Financial Services

Several institutional investors have recently modified their holdings of the business. Goldman Sachs Group Inc. bought a new stake in shares of Eagle Financial Services during the first quarter worth approximately $287,000. Geode Capital Management LLC grew its holdings in 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 during the period. JPMorgan Chase & Co. bought a new stake in shares of Eagle Financial Services during the 2nd quarter valued at $67,000. New York State Common Retirement Fund bought a new stake in shares of Eagle Financial Services during the 2nd quarter valued at $101,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Eagle Financial Services in the 2nd quarter valued at $83,000. Institutional investors and hedge funds own 0.31% of the company’s stock.

Eagle Financial Services Price Performance

Eagle Financial Services stock opened at $40.21 on Friday. The business’s fifty day moving average is $39.96 and its two-hundred day moving average is $38.39. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market cap of $217.54 million, a P/E ratio of 11.42 and a beta of 0.22. Eagle Financial Services has a 52 week low of $31.44 and a 52 week high of $44.00.

Eagle Financial Services (NASDAQ:EFSI) last announced 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). The business had revenue of $20.85 million during the quarter, compared to analyst estimates of $21.18 million. Eagle Financial Services had a net margin of 15.81% and a return on equity of 10.17%. Equities research analysts forecast that Eagle Financial Services will post 3.12 earnings per share for the current fiscal year.

Eagle Financial Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Monday, May 4th. Eagle Financial Services’s payout ratio is currently 35.23%.

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.