Eagle Financial Services Inc. (NASDAQ:EFSI) Receives $43.75 Average PT from Brokerages

Eagle Financial Services Inc. (NASDAQ:EFSI) has earned an average recommendation of “Moderate Buy” from the six brokerages that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $43.75.

Several brokerages recently weighed in on EFSI. Weiss Ratings raised shares of Eagle Financial Services from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, June 26th. 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 increased 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. Freedom Broker cut Eagle Financial Services from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 27th. Finally, Zacks Research downgraded Eagle Financial Services from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 11th.

Eagle Financial Services Stock Performance

NASDAQ EFSI opened at $46.33 on Wednesday. The company has a market cap of $250.65 million, a P/E ratio of 13.39 and a beta of 0.23. The company has a fifty day simple moving average of $42.71 and a 200 day simple moving average of $39.81. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.15. Eagle Financial Services has a 12-month low of $31.44 and a 12-month high of $48.17.

Eagle Financial Services (NASDAQ:EFSI) last released its quarterly earnings data on Thursday, July 23rd. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.37). The business had revenue of $25.56 million during the quarter, compared to the consensus estimate of $21.29 million. Eagle Financial Services had a net margin of 15.16% and a return on equity of 8.38%. Sell-side 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 disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Monday, August 3rd were issued a dividend of $0.31 per share. 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, August 3rd. Eagle Financial Services’s payout ratio is currently 35.84%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Susquehanna International Group LLP purchased a new position in Eagle Financial Services during the second quarter worth about $1,199,000. United Capital Financial Advisors LLC purchased a new stake in Eagle Financial Services in the 2nd quarter valued at about $671,000. Bank of America Corp DE bought a new position in shares of Eagle Financial Services during the 2nd quarter worth approximately $392,000. Expressive Wealth LLC bought a new position in shares of Eagle Financial Services during the 2nd quarter worth approximately $434,000. Finally, BlackRock Inc. purchased a new position in shares of Eagle Financial Services in the 2nd quarter worth approximately $14,315,000. 0.31% of the stock is owned by institutional investors.

About Eagle Financial Services

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

The bank offers checking and savings accounts, certificates of deposit and other deposit products, along with commercial, real estate, mortgage and consumer lending. Its services also include online and mobile banking, cash-management solutions and other financial services designed for personal and business customers.

Through its branch network and digital channels, Eagle Financial Services serves communities in the Northern Shenandoah Valley and surrounding areas of Virginia.