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

Shares of Eagle Financial Services Inc. (NASDAQ:EFSI) have earned a consensus rating of “Hold” from the five brokerages that are presently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and one has assigned a 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.

A number of research analysts recently commented on the stock. Capital One Financial set a $43.00 price objective on shares of Eagle Financial Services in a research note on Monday, February 9th. Loop Capital set a $43.00 price objective on shares of Eagle Financial Services in a research note on Monday, February 9th. Keefe, Bruyette & Woods raised their price objective on shares of Eagle Financial Services from $42.00 to $43.00 and gave the company an “outperform” rating in a research note on Thursday, January 29th. Freedom Capital lowered shares of Eagle Financial Services from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 9th. Finally, DA Davidson reiterated a “neutral” rating and set a $40.00 price objective on shares of Eagle Financial Services in a research note on Monday.

Eagle Financial Services Price Performance

NASDAQ EFSI opened at $36.79 on Thursday. Eagle Financial Services has a 12 month low of $28.70 and a 12 month high of $41.12. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.02 and a quick ratio of 1.04. The firm has a market capitalization of $199.03 million, a PE ratio of 10.45 and a beta of 0.22. The company’s 50 day simple moving average is $36.02 and its 200 day simple moving average is $37.43.

Eagle Financial Services (NASDAQ:EFSI) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.17). Eagle Financial Services had a net margin of 15.81% and a return on equity of 10.17%. The company had revenue of $20.85 million for the quarter, compared to analyst estimates of $21.18 million. As a group, equities research analysts forecast that Eagle Financial Services will post 3.12 EPS for the current fiscal year.

Eagle Financial Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Monday, May 4th will be given a $0.31 dividend. The ex-dividend date is Monday, May 4th. This represents a $1.24 annualized dividend and a yield of 3.4%. Eagle Financial Services’s payout ratio is 35.23%.

Insider Transactions at Eagle Financial Services

In other Eagle Financial Services news, Director Scott M. Hamberger purchased 909 shares of the firm’s stock in a transaction on Wednesday, March 11th. The shares were purchased at an average price of $33.00 per share, for a total transaction of $29,997.00. Following the completion of the transaction, the director owned 2,550 shares in the company, valued at $84,150. This represents a 55.39% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 7.12% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in EFSI. Russell Investments Group Ltd. acquired a new position in Eagle Financial Services in the third quarter worth approximately $26,000. BNP Paribas Financial Markets grew its position in Eagle Financial Services by 82.8% in the third quarter. BNP Paribas Financial Markets now owns 1,188 shares of the company’s stock worth $45,000 after buying an additional 538 shares during the last quarter. CWM LLC acquired a new position in Eagle Financial Services in the third quarter worth approximately $45,000. Daytona Street Capital LLC acquired a new position in Eagle Financial Services in the fourth quarter worth approximately $60,000. Finally, JPMorgan Chase & Co. acquired a new position in Eagle Financial Services in the second quarter worth approximately $67,000. 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.