Eagle Financial Services Inc. (NASDAQ:EFSI) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Eagle Financial Services Inc. (NASDAQ:EFSI) have earned a consensus rating of “Moderate Buy” from the five research firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $42.25.

EFSI has been the topic of several recent analyst reports. 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 cut shares of Eagle Financial Services from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 11th. DA Davidson reissued a “neutral” rating and set a $40.00 price objective on shares of Eagle Financial Services in a research report on Monday, July 27th. Wall Street Zen cut shares of Eagle Financial Services from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Finally, Weiss Ratings raised shares of Eagle Financial Services from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, June 26th.

Eagle Financial Services Stock Down 0.8%

Shares of EFSI opened at $41.80 on Friday. The company has a market capitalization of $226.22 million, a price-to-earnings ratio of 12.08 and a beta of 0.23. Eagle Financial Services has a 52 week low of $31.44 and a 52 week high of $45.44. The stock’s 50-day moving average price is $41.68 and its 200-day moving average price is $38.94. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

Eagle Financial Services (NASDAQ:EFSI) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $0.41 earnings per share 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 company had revenue of $25.56 million for the quarter, compared to analysts’ expectations of $21.29 million. On average, sell-side analysts predict that Eagle Financial Services will post 2.71 EPS for the current year.

Eagle Financial Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 3rd were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.0%. The ex-dividend date was Monday, August 3rd. Eagle Financial Services’s dividend payout ratio (DPR) is 35.84%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. UBS Group AG grew its position in Eagle Financial Services by 2,935.5% in the 4th quarter. UBS Group AG now owns 73,094 shares of the company’s stock valued at $2,909,000 after acquiring an additional 70,686 shares in the last quarter. Bank of America Corp DE purchased a new stake in Eagle Financial Services during the second quarter worth about $392,000. BlackRock Inc. acquired a new stake in shares of Eagle Financial Services during the second quarter worth about $14,315,000. Deutsche Bank AG acquired a new stake in shares of Eagle Financial Services during the second quarter worth about $195,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Eagle Financial Services in the second quarter valued at approximately $651,000. 0.31% of the stock is currently owned by hedge funds and other institutional investors.

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.