Eagle Financial Services (NASDAQ:EFSI) Issues Earnings Results

Eagle Financial Services (NASDAQ:EFSI) issued its quarterly earnings data on Thursday. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.37), FiscalAI reports. The company had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $21.29 million. Eagle Financial Services had a return on equity of 10.17% and a net margin of 15.81%.

Eagle Financial Services Stock Up 0.4%

Shares of NASDAQ EFSI opened at $41.45 on Friday. Eagle Financial Services has a 1 year low of $31.44 and a 1 year high of $44.00. The firm’s 50-day moving average is $40.82 and its 200-day moving average is $38.52. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $224.24 million, a PE ratio of 11.78 and a beta of 0.22.

Eagle Financial Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Monday, August 3rd will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, August 3rd. Eagle Financial Services’s dividend payout ratio (DPR) is 35.23%.

Hedge Funds Weigh In On Eagle Financial Services

Several large investors have recently bought and sold shares of the business. Fourthstone LLC grew its holdings in Eagle Financial Services by 64.0% during the 4th quarter. Fourthstone LLC now owns 453,918 shares of the company’s stock worth $18,064,000 after acquiring an additional 177,132 shares during the period. Vanguard Group Inc. lifted its stake in shares of Eagle Financial Services by 105.3% in the 3rd quarter. Vanguard Group Inc. now owns 306,800 shares of the company’s stock valued at $11,606,000 after purchasing an additional 157,331 shares during the period. 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 purchasing an additional 63,756 shares during the period. Mendon Capital Advisors Corp boosted its position in shares of Eagle Financial Services by 8.0% in the 2nd quarter. Mendon Capital Advisors Corp now owns 54,000 shares of the company’s stock worth $1,653,000 after purchasing an additional 4,000 shares during the last quarter. Finally, Two Sigma Investments LP boosted its position in shares of Eagle Financial Services by 62.5% in the 3rd quarter. Two Sigma Investments LP now owns 25,478 shares of the company’s stock worth $964,000 after purchasing an additional 9,798 shares during the last quarter. 0.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on EFSI. Freedom Capital upgraded shares of Eagle Financial Services from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 15th. Zacks Research raised shares of Eagle Financial Services from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. DA Davidson restated a “neutral” rating and issued a $40.00 price objective on shares of Eagle Financial Services in a research report on Monday, May 11th. Finally, Weiss Ratings raised Eagle Financial Services from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $42.25.

Eagle Financial Services Company Profile

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.