Eagle Financial Services Inc. (NASDAQ:EFSI) Stock Has Consensus Target Price of $43.75

Eagle Financial Services Inc. (NASDAQ:EFSI) has received an average rating of “Moderate Buy” from the six brokerages that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $43.75.

A number of brokerages have issued reports on EFSI. Zacks Research upgraded Eagle Financial Services from a “strong sell” rating to a “hold” rating in a research note on Friday, September 25th. Weiss Ratings restated a “buy (b)” rating on shares of Eagle Financial Services in a report on Tuesday, September 22nd. Freedom Broker lowered shares of Eagle Financial Services from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 27th. DA Davidson boosted their price objective on Eagle Financial Services from $40.00 to $46.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 9th. Finally, Wall Street Zen lowered Eagle Financial Services from a “sell” rating to a “strong sell” rating in a report on Monday, September 14th.

Eagle Financial Services Price Performance

EFSI opened at $45.89 on Friday. The company’s 50-day simple moving average is $44.28 and its two-hundred day simple moving average is $41.31. Eagle Financial Services has a 52-week low of $31.44 and a 52-week high of $48.17. The stock has a market capitalization of $248.36 million, a P/E ratio of 13.26 and a beta of 0.21. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.01 and a current ratio of 1.02.

Eagle Financial Services (NASDAQ:EFSI) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.37). The firm had revenue of $25.56 million for the quarter, compared to analysts’ expectations of $21.29 million. Eagle Financial Services had a net margin of 15.16% and a return on equity of 8.38%. As a group, analysts predict that Eagle Financial Services will post 2.71 EPS for the current year.

Eagle Financial Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 3rd were issued a dividend of $0.31 per share. The ex-dividend date was Monday, August 3rd. This represents a $1.24 dividend on an annualized basis and a yield of 2.7%. Eagle Financial Services’s payout ratio is presently 35.84%.

Institutional Trading of Eagle Financial Services

A number of hedge funds have recently added to or reduced their stakes in EFSI. BlackRock Inc. purchased a new stake in Eagle Financial Services during the second quarter valued at approximately $14,315,000. Susquehanna International Group LLP purchased a new stake in Eagle Financial Services during the 2nd quarter valued at about $1,199,000. Dimensional Fund Advisors LP raised its stake in shares of Eagle Financial Services by 53.2% in the first quarter. Dimensional Fund Advisors LP now owns 24,095 shares of the company’s stock worth $843,000 after purchasing an additional 8,371 shares during the last quarter. United Capital Financial Advisors LLC purchased a new position in shares of Eagle Financial Services in the second quarter worth about $671,000. Finally, Bank of New York Mellon Corp purchased a new position in Eagle Financial Services during the 2nd quarter worth approximately $651,000. 0.31% of the stock is owned by hedge funds and other institutional investors.

Eagle Financial Services Company Profile

Eagle Financial Services, Inc is a bank holding company headquartered in Berryville, Virginia. Through its principal subsidiary, Bank of Clarke County, the company provides community banking services to individuals, families, businesses and organizations.

Bank of Clarke County offers a range of deposit products, including checking, savings and certificates of deposit, along with commercial, residential mortgage and consumer lending. Its services also include online and mobile banking, treasury management and other financial solutions designed for personal and business customers.

The bank traces its history to the establishment of Bank of Clarke County in 1881 and serves communities in Virginia’s Northern Shenandoah Valley, including Clarke, Frederick and Loudoun counties and the Winchester area.