Eagle Financial Services (NASDAQ:EFSI) Given New $46.20 Price Target at Freedom Broker

Eagle Financial Services (NASDAQ:EFSI) had its target price hoisted by Freedom Broker from $43.00 to $46.20 in a research note released on Friday morning,Benzinga reports. The brokerage currently has a hold rating on the stock.

EFSI has been the subject of a number of other research reports. Zacks Research upgraded Eagle Financial Services from a “strong sell” rating to a “hold” rating in a research report on Friday, September 25th. Wall Street Zen lowered Eagle Financial Services from a “sell” rating to a “strong sell” rating in a report on Monday, September 14th. DA Davidson upped their price objective on shares of Eagle Financial Services from $40.00 to $46.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 9th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Eagle Financial Services in a research note on Tuesday, September 22nd. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Eagle Financial Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.24.

Eagle Financial Services Price Performance

Shares of EFSI stock traded up $0.01 on Friday, reaching $46.01. The company’s stock had a trading volume of 37,768 shares, compared to its average volume of 45,206. The company has a market capitalization of $248.91 million, a P/E ratio of 13.94 and a beta of 0.21. Eagle Financial Services has a 12-month low of $31.44 and a 12-month high of $48.17. The stock’s 50 day simple moving average is $45.75 and its 200-day simple moving average is $40.70. The company has a quick ratio of 1.01, a current ratio of 1.03 and a debt-to-equity ratio of 0.15.

Eagle Financial Services (NASDAQ:EFSI) last posted its earnings results on Thursday, October 22nd. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.88 by $0.05. Eagle Financial Services had a return on equity of 7.98% and a net margin of 14.55%. The business had revenue of $22.93 million during the quarter, compared to analysts’ expectations of $22.09 million. As a group, equities analysts predict that Eagle Financial Services will post 2.71 earnings per share for the current fiscal year.

Eagle Financial Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 13th. Investors of record on Monday, November 2nd were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Monday, November 2nd. Eagle Financial Services’s dividend payout ratio is currently 37.58%.

Institutional Investors Weigh In On Eagle Financial Services

Several hedge funds have recently added to or reduced their stakes in the company. Deutsche Bank AG purchased a new position in shares of Eagle Financial Services in the 2nd quarter worth about $195,000. Ieq Capital LLC bought a new position in shares of Eagle Financial Services during the 3rd quarter valued at about $218,000. Empowered Funds LLC bought a new position in shares of Eagle Financial Services during the 3rd quarter valued at about $298,000. R Squared Ltd purchased a new position in shares of Eagle Financial Services during the 3rd quarter valued at about $371,000. Finally, Bank of America Corp DE purchased a new position in shares of Eagle Financial Services during the 2nd quarter valued at about $392,000. Institutional investors own 0.31% of the company’s stock.

Eagle Financial Services Company Profile

Eagle Financial Services, Inc. is a bank holding company whose principal subsidiary is the Bank of Clarke County. The bank traces its history to 1881 and provides community banking services to individuals, families and businesses. Its offerings include deposit accounts, personal and commercial loans, mortgages, and online and mobile banking services. The company serves communities in Northern Virginia and the Shenandoah Valley, including areas around Clarke and Frederick counties.