Eagle Financial Services Inc. (NASDAQ:EFSI) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

Eagle Financial Services Inc. (NASDAQ:EFSI) has been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $43.75.

A number of research firms have recently issued reports on EFSI. Freedom Broker lowered shares of Eagle Financial Services from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 27th. Zacks Research raised shares of Eagle Financial Services from a “strong sell” rating to a “hold” rating in a research note on Friday, September 25th. DA Davidson upped their price objective on shares of Eagle Financial Services from $40.00 to $46.00 and gave the company a “neutral” rating in a research note on Wednesday, September 9th. Wall Street Zen cut Eagle Financial Services from a “sell” rating to a “strong sell” rating in a report on Monday, September 14th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Eagle Financial Services in a report on Tuesday, September 22nd.

Institutional Investors Weigh In On Eagle Financial Services

Several large investors have recently modified their holdings of EFSI. Transmarket Holdings LP acquired a new stake in shares of Eagle Financial Services during the third quarter worth about $934,000. Susquehanna International Group LLP purchased a new position in shares of Eagle Financial Services during the second quarter worth about $1,199,000. United Capital Financial Advisors LLC acquired a new position in Eagle Financial Services in the 2nd quarter valued at about $671,000. Bank of America Corp DE acquired a new position in Eagle Financial Services in the 2nd quarter valued at about $392,000. Finally, Expressive Wealth LLC purchased a new stake in Eagle Financial Services during the 2nd quarter valued at approximately $434,000. 0.31% of the stock is owned by institutional investors and hedge funds.

Eagle Financial Services Stock Up 1.0%

EFSI stock opened at $46.45 on Thursday. Eagle Financial Services has a 52 week low of $31.44 and a 52 week high of $48.17. 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 firm has a 50-day simple moving average of $45.14 and a 200-day simple moving average of $40.49. The stock has a market capitalization of $251.43 million, a P/E ratio of 14.08 and a beta of 0.21.

Eagle Financial Services (NASDAQ:EFSI) last announced its earnings results on Thursday, October 22nd. The company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.05. The business had revenue of $22.93 million during the quarter, compared to analysts’ expectations of $22.09 million. Eagle Financial Services had a return on equity of 8.02% and a net margin of 14.55%. Equities analysts forecast that Eagle Financial Services will post 2.71 earnings per share for the current fiscal year.

Eagle Financial Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Monday, November 2nd will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Monday, November 2nd. Eagle Financial Services’s payout ratio is presently 37.58%.

About Eagle Financial Services

Eagle Financial Services, Inc is a bank holding company headquartered in Berryville, Virginia. It operates through its principal subsidiary, Bank of Clarke County, a community bank that has served customers in Virginia’s Northern Shenandoah Valley since 1881.

Bank of Clarke County provides personal and business banking services, including checking and savings accounts, certificates of deposit, consumer loans, commercial lending, residential mortgage financing, and online and mobile banking services.