Eagle Financial Services Inc. (NASDAQ:EFSI) Receives Consensus Rating of “Hold” from Brokerages

Eagle Financial Services Inc. (NASDAQ:EFSI) has been assigned a consensus recommendation of “Hold” from the five analysts that are currently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $43.00.

Several research analysts have weighed in on EFSI shares. DA Davidson initiated coverage on shares of Eagle Financial Services in a report on Wednesday, February 25th. They set a “neutral” rating and a $43.00 price objective for the company. Zacks Research raised shares of Eagle Financial Services to a “hold” rating in a research report on Thursday, February 26th. Freedom Capital downgraded Eagle Financial Services from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 9th. Weiss Ratings lowered Eagle Financial Services from a “buy (b-)” rating to a “hold (c)” rating in a report on Tuesday, March 17th. Finally, Keefe, Bruyette & Woods upped their price objective on Eagle Financial Services from $42.00 to $43.00 and gave the company an “outperform” rating in a research note on Thursday, January 29th.

Eagle Financial Services Price Performance

EFSI stock opened at $33.87 on Wednesday. Eagle Financial Services has a twelve month low of $28.70 and a twelve month high of $41.12. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $183.30 million, a P/E ratio of 26.05 and a beta of 0.21. The firm has a 50 day simple moving average of $36.60 and a 200-day simple moving average of $37.43.

Eagle Financial Services (NASDAQ:EFSI) last posted its quarterly earnings results on Monday, January 26th. The company reported $0.81 earnings per share (EPS) for the quarter. Eagle Financial Services had a net margin of 7.76% and a return on equity of 9.87%. The firm had revenue of $21.76 million for the quarter.

Eagle Financial Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Monday, February 2nd were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Monday, February 2nd. Eagle Financial Services’s payout ratio is 95.38%.

Insider Activity

In other news, Director Scott M. Hamberger purchased 909 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The shares were acquired at an average cost of $33.00 per share, with a total value of $29,997.00. Following the transaction, the director owned 2,550 shares in the company, valued at approximately $84,150. The trade was a 55.39% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 8.70% of the company’s stock.

Hedge Funds Weigh In On Eagle Financial Services

Hedge funds have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. bought a new stake in Eagle Financial Services during the third quarter valued at $26,000. Police & Firemen s Retirement System of New Jersey bought a new position in shares of Eagle Financial Services in the 2nd quarter worth about $32,000. BNP Paribas Financial Markets boosted its holdings in shares of Eagle Financial Services by 82.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,188 shares of the company’s stock valued at $45,000 after buying an additional 538 shares during the period. CWM LLC acquired a new position in shares of Eagle Financial Services in the 3rd quarter valued at about $45,000. Finally, Daytona Street Capital LLC bought a new stake in shares of Eagle Financial Services during the 4th quarter valued at about $60,000. Institutional investors and hedge funds own 0.31% of the company’s stock.

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.