Keefe, Bruyette & Woods Issues Positive Forecast for Eagle Financial Services (NASDAQ:EFSI) Stock Price

Eagle Financial Services (NASDAQ:EFSI) had its price objective lifted by Keefe, Bruyette & Woods from $42.00 to $43.00 in a report released on Thursday morning,Benzinga reports. They currently have an outperform rating on the stock.

A number of other equities analysts have also weighed in on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Eagle Financial Services in a research report on Monday, December 29th. DA Davidson lowered Eagle Financial Services from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 20th. Finally, Wall Street Zen downgraded Eagle Financial Services from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $41.50.

Eagle Financial Services Stock Performance

NASDAQ EFSI opened at $38.15 on Thursday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.37. Eagle Financial Services has a twelve month low of $28.70 and a twelve month high of $41.12. The business has a 50-day moving average price of $39.17 and a 200-day moving average price of $37.03. The firm has a market cap of $205.25 million, a price-to-earnings ratio of 29.35 and a beta of 0.21.

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

Eagle Financial Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Monday, February 2nd will be issued a $0.31 dividend. The ex-dividend date of this dividend is Monday, February 2nd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.3%. Eagle Financial Services’s dividend payout ratio (DPR) is presently 95.38%.

Institutional Investors Weigh In On Eagle Financial Services

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. purchased a new position in shares of Eagle Financial Services in the 3rd quarter worth approximately $26,000. Police & Firemen s Retirement System of New Jersey bought a new stake in Eagle Financial Services in the second quarter worth $32,000. BNP Paribas Financial Markets boosted its stake in Eagle Financial Services by 82.8% during 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 period. CWM LLC bought a new position in Eagle Financial Services during the third quarter valued at $45,000. Finally, Daytona Street Capital LLC bought a new position in Eagle Financial Services during the fourth quarter valued at $60,000. 0.31% of the stock is currently owned by hedge funds and other institutional investors.

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.