Eagle Financial Services Inc. (NASDAQ:EFSI) Receives Average Rating of “Hold” from Analysts

Shares of Eagle Financial Services Inc. (NASDAQ:EFSI) have been given an average recommendation of “Hold” by the five ratings firms that are presently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $43.00.

A number of equities analysts have recently issued reports on the company. Capital One Financial set a $43.00 target price on Eagle Financial Services in a report on Monday, February 9th. Loop Capital set a $43.00 price objective on Eagle Financial Services in a research note on Monday, February 9th. DA Davidson initiated coverage on shares of Eagle Financial Services in a research note on Wednesday, February 25th. They issued a “neutral” rating and a $43.00 target price on the stock. Keefe, Bruyette & Woods boosted their price target on shares of Eagle Financial Services from $42.00 to $43.00 and gave the company an “outperform” rating in a research report on Thursday, January 29th. Finally, Freedom Capital cut shares of Eagle Financial Services from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 9th.

Eagle Financial Services Price Performance

Shares of Eagle Financial Services stock opened at $34.32 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.04 and a current ratio of 1.04. The firm’s 50-day simple moving average is $36.94 and its 200-day simple moving average is $37.49. Eagle Financial Services has a twelve month low of $28.70 and a twelve month high of $41.12. The firm has a market cap of $185.67 million, a P/E ratio of 26.40 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 earnings per share (EPS) for the quarter. The firm had revenue of $21.76 million during the quarter. Eagle Financial Services had a net margin of 7.76% and a return on equity of 9.87%.

Eagle Financial Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Monday, February 2nd were given a dividend of $0.31 per share. The ex-dividend date was Monday, February 2nd. This represents a $1.24 dividend on an annualized basis and a yield of 3.6%. Eagle Financial Services’s dividend payout ratio is 95.38%.

Insiders Place Their Bets

In other Eagle Financial Services news, Director Scott M. Hamberger acquired 909 shares of the business’s stock in a transaction on Wednesday, March 11th. The stock was purchased at an average price of $33.00 per share, for a total transaction of $29,997.00. Following the transaction, the director owned 2,550 shares in the company, valued at $84,150. This trade 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. 12.28% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Choreo LLC acquired a new position in shares of Eagle Financial Services in the 2nd quarter valued at $1,849,000. JPMorgan Chase & Co. acquired a new stake in shares of Eagle Financial Services during the second quarter worth $67,000. BNP Paribas Financial Markets grew its stake in shares of 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 purchasing an additional 538 shares during the period. Russell Investments Group Ltd. bought a new stake in Eagle Financial Services in the third quarter valued at about $26,000. Finally, Expressive Wealth LLC bought a new position in Eagle Financial Services during the fourth quarter worth about $470,000. 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.