Eagle Financial Services Inc. (NASDAQ:EFSI) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Eagle Financial Services Inc. (NASDAQ:EFSI) have received a consensus rating of “Moderate Buy” from the five ratings firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $42.25.

EFSI has been the subject of a number of research analyst reports. Weiss Ratings raised Eagle Financial Services from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, June 26th. Zacks Research lowered Eagle Financial Services from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 12th. Freedom Capital upgraded Eagle Financial Services from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 15th. Finally, DA Davidson reissued a “neutral” rating and set a $40.00 target price on shares of Eagle Financial Services in a research note on Monday, May 11th.

Eagle Financial Services Stock Performance

Shares of Eagle Financial Services stock opened at $40.91 on Friday. The company has a 50 day moving average of $39.78 and a 200-day moving average of $38.38. The company has a market cap of $221.32 million, a PE ratio of 11.62 and a beta of 0.22. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.16. Eagle Financial Services has a 1-year low of $31.44 and a 1-year high of $44.00.

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

Eagle Financial Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a $1.24 annualized dividend and a dividend yield of 3.0%. Eagle Financial Services’s payout ratio is 35.23%.

Hedge Funds Weigh In On Eagle Financial Services

Several institutional investors and hedge funds have recently added to or reduced their stakes in EFSI. Goldman Sachs Group Inc. bought a new stake in shares of Eagle Financial Services during the first quarter worth $287,000. Geode Capital Management LLC lifted its stake in shares of Eagle Financial Services by 148.9% in the 2nd quarter. Geode Capital Management LLC now owns 106,571 shares of the company’s stock valued at $3,264,000 after acquiring an additional 63,756 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of Eagle Financial Services during the 2nd quarter valued at $67,000. New York State Common Retirement Fund bought a new stake in Eagle Financial Services during the 2nd quarter worth $101,000. Finally, Raymond James Financial Inc. bought a new stake in Eagle Financial Services during the 2nd quarter worth $83,000. Institutional investors 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.