Eagle Financial Services Inc. (NASDAQ:EFSI) Given Average Recommendation of “Hold” by Analysts

Shares of Eagle Financial Services Inc. (NASDAQ:EFSI) have been assigned an average rating of “Hold” from the five analysts that are currently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $42.25.

A number of brokerages have issued reports on EFSI. Loop Capital set a $43.00 target price on shares of Eagle Financial Services in a report on Monday, February 9th. Keefe, Bruyette & Woods raised their target price on shares of Eagle Financial Services from $42.00 to $43.00 and gave the stock an “outperform” rating in a report on Thursday, January 29th. DA Davidson reissued a “neutral” rating and issued a $40.00 target price on shares of Eagle Financial Services in a report on Monday. Freedom Capital cut shares of Eagle Financial Services from a “strong-buy” rating to a “hold” rating in a report on Monday, February 9th. Finally, Capital One Financial set a $43.00 target price on shares of Eagle Financial Services in a report on Monday, February 9th.

Eagle Financial Services Stock Performance

Shares of NASDAQ EFSI opened at $36.79 on Thursday. The company has a quick ratio of 1.04, a current ratio of 1.02 and a debt-to-equity ratio of 0.16. The firm’s 50-day moving average price is $36.02 and its two-hundred day moving average price is $37.43. Eagle Financial Services has a 52-week low of $28.70 and a 52-week high of $41.12. The stock has a market capitalization of $199.03 million, a P/E ratio of 10.45 and a beta of 0.22.

Eagle Financial Services (NASDAQ:EFSI) last issued its earnings results on Thursday, April 23rd. The company reported $0.69 earnings per share (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 business had revenue of $20.85 million during the quarter, compared to the consensus estimate of $21.18 million. As a group, sell-side analysts forecast that Eagle Financial Services will post 3.12 earnings per share for the current year.

Eagle Financial Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Monday, May 4th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Monday, May 4th. Eagle Financial Services’s payout ratio is 35.23%.

Insider Buying and Selling at Eagle Financial Services

In other Eagle Financial Services news, Director Scott M. Hamberger purchased 909 shares of the business’s stock in a transaction dated Wednesday, March 11th. The shares were bought at an average price of $33.00 per share, with a total value of $29,997.00. Following the completion of the acquisition, the director owned 2,550 shares in the company, valued at approximately $84,150. This represents a 55.39% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 7.12% of the company’s stock.

Institutional Investors Weigh In On Eagle Financial Services

A number of hedge funds have recently made changes to their positions in the business. Millennium Management LLC raised its holdings in shares of Eagle Financial Services by 2.2% during the third quarter. Millennium Management LLC now owns 13,581 shares of the company’s stock valued at $514,000 after buying an additional 288 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of Eagle Financial Services by 4.4% during the fourth quarter. Wells Fargo & Company MN now owns 10,771 shares of the company’s stock valued at $429,000 after buying an additional 458 shares during the last quarter. BNP Paribas Financial Markets raised its holdings 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 valued at $45,000 after buying an additional 538 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Eagle Financial Services by 4.1% during the fourth quarter. AQR Capital Management LLC now owns 15,220 shares of the company’s stock valued at $606,000 after buying an additional 601 shares during the last quarter. Finally, Russell Investments Group Ltd. bought a new stake in shares of Eagle Financial Services during the third quarter valued at approximately $26,000. 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.