Eagle Financial Services (NASDAQ:EFSI) Upgraded to Hold at Zacks Research

Zacks Research upgraded shares of Eagle Financial Services (NASDAQ:EFSI) to a hold rating in a report issued on Thursday,Zacks.com reports.

A number of other equities research analysts also recently weighed in on EFSI. DA Davidson began coverage on Eagle Financial Services in a research report on Wednesday. They set a “neutral” rating and a $43.00 target price for the company. Keefe, Bruyette & Woods boosted their price objective on Eagle Financial Services from $42.00 to $43.00 and gave the stock an “outperform” rating in a report on Thursday, January 29th. Capital One Financial set a $43.00 target price on shares of Eagle Financial Services in a research note on Monday, February 9th. Loop Capital set a $43.00 price target on shares of Eagle Financial Services in a research report on Monday, February 9th. Finally, Freedom Capital downgraded shares of Eagle Financial Services from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 9th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Eagle Financial Services currently has a consensus rating of “Hold” and a consensus target price of $43.00.

Eagle Financial Services Stock Down 5.6%

Eagle Financial Services stock traded down $2.07 during trading hours on Thursday, hitting $34.71. The company had a trading volume of 9,818 shares, compared to its average volume of 14,174. Eagle Financial Services has a fifty-two week low of $28.70 and a fifty-two week high of $41.12. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.04 and a quick ratio of 1.04. The firm’s fifty day moving average is $39.08 and its 200-day moving average is $37.76. The firm has a market capitalization of $186.74 million, a P/E ratio of 26.70 and a beta of 0.20.

Eagle Financial Services (NASDAQ:EFSI) last issued its quarterly earnings results on Monday, January 26th. The company reported $0.81 earnings per share for the quarter. Eagle Financial Services had a net margin of 7.76% and a return on equity of 9.99%. The business had revenue of $21.76 million during the quarter.

Eagle Financial Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Monday, February 2nd were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Monday, February 2nd. Eagle Financial Services’s dividend payout ratio is presently 95.38%.

Hedge Funds Weigh In On Eagle Financial Services

Several institutional investors and hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. acquired a new stake in Eagle Financial Services during the 3rd quarter worth approximately $26,000. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Eagle Financial Services during the second quarter worth $32,000. CWM LLC acquired a new stake in shares of Eagle Financial Services during the third quarter worth $45,000. BNP Paribas Financial Markets lifted its position in 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 acquiring an additional 538 shares in the last quarter. Finally, Daytona Street Capital LLC acquired a new position in Eagle Financial Services in the 4th quarter worth $60,000. 0.31% of the stock is currently owned by institutional investors and hedge funds.

Eagle Financial Services Company Profile

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.