Eagle Financial Services Inc. (NASDAQ:EFSI) Receives $42.25 Average PT from Brokerages

Eagle Financial Services Inc. (NASDAQ:EFSI) has been given a consensus rating of “Moderate Buy” by the five analysts that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $42.25.

Several equities research analysts have issued reports on the company. Weiss Ratings upgraded Eagle Financial Services from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, June 26th. Zacks Research upgraded shares of Eagle Financial Services from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Freedom Capital upgraded Eagle Financial Services from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 15th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $40.00 price target on shares of Eagle Financial Services in a report on Monday, July 27th.

Eagle Financial Services Stock Down 1.1%

NASDAQ EFSI opened at $40.55 on Tuesday. The business has a 50 day moving average price of $41.17 and a two-hundred day moving average price of $38.58. The stock has a market cap of $219.38 million, a PE ratio of 11.72 and a beta of 0.22. Eagle Financial Services has a fifty-two week low of $31.44 and a fifty-two 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.

Eagle Financial Services (NASDAQ:EFSI) last released its quarterly earnings results on Thursday, July 23rd. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.37). Eagle Financial Services had a return on equity of 8.44% and a net margin of 15.16%.The firm had revenue of $22.10 billion for the quarter, compared to analysts’ expectations of $21.29 million. As a group, sell-side 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. Stockholders of record on Monday, August 3rd will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, August 3rd. Eagle Financial Services’s dividend payout ratio is currently 35.84%.

Institutional Trading of Eagle Financial Services

Several institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. acquired a new stake in Eagle Financial Services in the 1st quarter valued at about $287,000. Geode Capital Management LLC boosted its stake in Eagle Financial Services by 148.9% in the 2nd quarter. Geode Capital Management LLC now owns 106,571 shares of the company’s stock worth $3,264,000 after purchasing an additional 63,756 shares during the period. JPMorgan Chase & Co. acquired a new stake in shares of Eagle Financial Services in the second quarter worth $67,000. New York State Common Retirement Fund acquired a new stake in Eagle Financial Services during the 2nd quarter worth about $101,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Eagle Financial Services during the second quarter worth approximately $83,000. 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.