Eagle Financial Services Inc. (NASDAQ:EFSI) Receives $42.25 Average Target Price from Brokerages

Shares of Eagle Financial Services Inc. (NASDAQ:EFSI) have been assigned a consensus rating of “Moderate Buy” from the five analysts that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $42.25.

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

Institutional Investors Weigh In On Eagle Financial Services

Several institutional investors have recently modified their holdings of EFSI. Goldman Sachs Group Inc. purchased a new stake in shares of Eagle Financial Services during the first quarter valued at $287,000. Geode Capital Management LLC boosted its position in shares of Eagle Financial Services by 148.9% during the second quarter. Geode Capital Management LLC now owns 106,571 shares of the company’s stock valued at $3,264,000 after buying an additional 63,756 shares during the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of Eagle Financial Services during the second quarter valued at $67,000. New York State Common Retirement Fund purchased a new stake in shares of Eagle Financial Services during the second quarter valued at $101,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Eagle Financial Services during the second quarter valued at $83,000. 0.31% of the stock is owned by hedge funds and other institutional investors.

Eagle Financial Services Stock Performance

NASDAQ EFSI opened at $43.13 on Monday. Eagle Financial Services has a 12 month low of $28.70 and a 12 month high of $43.98. The stock has a market cap of $233.33 million, a P/E ratio of 12.25 and a beta of 0.23. The stock’s fifty day moving average price is $38.71 and its 200-day moving average price is $38.03. 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 (NASDAQ:EFSI) last released its earnings results 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 return on equity of 10.17% and a net margin of 15.81%.The company had revenue of $20.85 million during the quarter, compared to analysts’ expectations of $21.18 million. As a group, equities 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 disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were given 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 2.9%. Eagle Financial Services’s dividend payout ratio (DPR) is 35.23%.

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.