Eagle Financial Services Inc. (NASDAQ:EFSI) Receives $43.75 Consensus Price Target from Analysts

Shares of Eagle Financial Services Inc. (NASDAQ:EFSI) have been assigned an average recommendation of “Moderate Buy” from the six analysts that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $43.75.

A number of research firms recently weighed in on EFSI. Wall Street Zen lowered shares of Eagle Financial Services from a “sell” rating to a “strong sell” rating in a research report on Monday, September 14th. Zacks Research lowered Eagle Financial Services from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 11th. Weiss Ratings upgraded Eagle Financial Services from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, June 26th. DA Davidson increased their target price on shares of Eagle Financial Services from $40.00 to $46.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 9th. Finally, Freedom Broker downgraded shares of Eagle Financial Services from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 27th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Bank of America Corp DE raised its stake 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 valued at $363,000 after purchasing an additional 1,086 shares during the period. Deutsche Bank AG bought a new position in Eagle Financial Services in the 2nd quarter worth about $195,000. Dimensional Fund Advisors LP grew its holdings in Eagle Financial Services by 53.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 24,095 shares of the company’s stock valued at $843,000 after buying an additional 8,371 shares in the last quarter. Expressive Wealth LLC bought a new stake in shares of Eagle Financial Services during the second quarter valued at about $434,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Eagle Financial Services during the second quarter valued at about $651,000. 0.31% of the stock is currently owned by hedge funds and other institutional investors.

Eagle Financial Services Price Performance

Shares of NASDAQ EFSI opened at $45.93 on Wednesday. The stock has a market cap of $248.48 million, a price-to-earnings ratio of 13.27 and a beta of 0.23. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.01 and a current ratio of 1.02. Eagle Financial Services has a fifty-two week low of $31.44 and a fifty-two week high of $48.17. The firm’s 50-day simple moving average is $42.54 and its 200 day simple moving average is $39.65.

Eagle Financial Services (NASDAQ:EFSI) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.37). Eagle Financial Services had a return on equity of 8.38% and a net margin of 15.16%.The company had revenue of $25.56 million for the quarter, compared to the consensus estimate of $21.29 million. As a group, research analysts anticipate that Eagle Financial Services will post 2.71 earnings per share for the current fiscal year.

Eagle Financial Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 3rd were issued a $0.31 dividend. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.24 annualized dividend and a yield of 2.7%. Eagle Financial Services’s dividend payout ratio (DPR) is 35.84%.

About Eagle Financial Services

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

The bank offers checking and savings accounts, certificates of deposit and other deposit products, along with commercial, real estate, mortgage and consumer lending. Its services also include online and mobile banking, cash-management solutions and other financial services designed for personal and business customers.

Through its branch network and digital channels, Eagle Financial Services serves communities in the Northern Shenandoah Valley and surrounding areas of Virginia.