Eagle Financial Services Inc. (NASDAQ:EFSI) Receives $42.25 Average Price Target from Analysts

Shares of Eagle Financial Services Inc. (NASDAQ:EFSI) have been assigned an average recommendation of “Moderate Buy” from the five brokerages that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $42.25.

A number of equities analysts have recently weighed in on EFSI shares. 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. Freedom Capital upgraded Eagle Financial Services from a “hold” rating to a “strong-buy” rating in a report on Friday, May 15th. Zacks Research raised Eagle Financial Services from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Finally, DA Davidson reiterated a “neutral” rating and issued a $40.00 target price on shares of Eagle Financial Services in a research note on Monday, July 27th.

Eagle Financial Services Price Performance

Eagle Financial Services stock opened at $40.19 on Tuesday. Eagle Financial Services has a 52 week low of $31.44 and a 52 week high of $44.00. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.16. The firm’s 50-day simple moving average is $41.19 and its 200 day simple moving average is $38.58. The firm has a market capitalization of $217.43 million, a PE ratio of 11.62 and a beta of 0.23.

Eagle Financial Services (NASDAQ:EFSI) last announced its earnings results on Thursday, July 23rd. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.37). The business had revenue of $22.10 billion for the quarter, compared to analyst estimates of $21.29 million. Eagle Financial Services had a return on equity of 8.44% and a net margin of 15.16%. On average, equities research analysts predict that Eagle Financial Services will post 2.71 EPS for the current fiscal year.

Eagle Financial Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Monday, August 3rd will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $1.24 annualized dividend and a yield of 3.1%. Eagle Financial Services’s dividend payout ratio is 35.84%.

Hedge Funds Weigh In On Eagle Financial Services

Hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE increased its holdings in shares of Eagle Financial Services by 11.7% during the 1st quarter. Bank of America Corp DE now owns 10,374 shares of the company’s stock worth $363,000 after buying an additional 1,086 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Eagle Financial Services by 53.2% in the first quarter. Dimensional Fund Advisors LP now owns 24,095 shares of the company’s stock valued at $843,000 after acquiring an additional 8,371 shares during the last quarter. AQR Capital Management LLC lifted its stake 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 valued at $606,000 after purchasing an additional 601 shares in the last quarter. Trexquant Investment LP grew its holdings in shares of Eagle Financial Services by 100.8% during the 4th quarter. Trexquant Investment LP now owns 11,684 shares of the company’s stock worth $465,000 after purchasing an additional 5,866 shares during the period. Finally, Barclays PLC increased its position in Eagle Financial Services by 4.0% during the 4th quarter. Barclays PLC now owns 18,697 shares of the company’s stock worth $744,000 after purchasing an additional 719 shares in the last quarter. Institutional investors and hedge funds own 0.31% of the company’s stock.

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.