Eagle Financial Services Inc. (NASDAQ:EFSI) Stock Has Consensus Target Price of $43.75 According to Analysts

Shares of Eagle Financial Services Inc. (NASDAQ:EFSI) have received an average rating of “Moderate Buy” from the six research firms that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $43.75.

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

Institutional Trading of Eagle Financial Services

A number of hedge funds and other institutional investors have recently bought and sold shares of EFSI. Bank of America Corp DE increased its stake in shares of Eagle Financial Services by 11.7% during the first quarter. Bank of America Corp DE now owns 10,374 shares of the company’s stock valued at $363,000 after buying an additional 1,086 shares during the period. Deutsche Bank AG purchased a new stake in Eagle Financial Services in the second quarter worth about $195,000. R Squared Ltd bought a new position in Eagle Financial Services during the 3rd quarter worth about $371,000. 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 worth $843,000 after acquiring an additional 8,371 shares in the last quarter. Finally, Expressive Wealth LLC bought a new position in Eagle Financial Services during the 2nd quarter worth about $434,000. Hedge funds and other institutional investors own 0.31% of the company’s stock.

Eagle Financial Services Trading Up 0.4%

EFSI stock opened at $45.87 on Thursday. 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 has a twelve month low of $31.44 and a twelve month high of $48.17. The stock has a market capitalization of $248.16 million, a price-to-earnings ratio of 16.36 and a beta of 0.21. The firm’s fifty day simple moving average is $45.38 and its two-hundred day simple moving average is $40.58.

Eagle Financial Services (NASDAQ:EFSI) last released its earnings results on Thursday, October 22nd. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.05. Eagle Financial Services had a net margin of 14.55% and a return on equity of 8.02%. The firm had revenue of $22.93 million during the quarter, compared to analyst estimates of $22.09 million. As a group, analysts anticipate that Eagle Financial Services will post 2.71 earnings per share for the current year.

Eagle Financial Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Monday, November 2nd will be issued a dividend of $0.31 per share. The ex-dividend date is Monday, November 2nd. This represents a $1.24 dividend on an annualized basis and a yield of 2.7%. 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.