Eagle Financial Services (NASDAQ:EFSI) Upgraded to Hold at Zacks Research

Zacks Research upgraded shares of Eagle Financial Services (NASDAQ:EFSI) from a strong sell rating to a hold rating in a report published on Monday morning,Zacks.com reports.

Other research analysts have also recently issued reports about the stock. 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. Freedom Capital raised shares of Eagle Financial Services from a “hold” rating to a “strong-buy” rating in a report on Friday, May 15th. Finally, Weiss Ratings upgraded shares of Eagle Financial Services from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $42.25.

Eagle Financial Services Stock Performance

NASDAQ EFSI opened at $41.90 on Monday. Eagle Financial Services has a 1 year low of $31.44 and a 1 year high of $44.00. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market capitalization of $226.68 million, a PE ratio of 11.90 and a beta of 0.22. The company’s 50 day simple moving average is $40.21 and its two-hundred day simple moving average is $38.42.

Eagle Financial Services (NASDAQ:EFSI) last issued its quarterly earnings data 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). The business had revenue of $20.85 million during the quarter, compared to analysts’ expectations of $21.18 million. Eagle Financial Services had a return on equity of 10.17% and a net margin of 15.81%. Analysts predict that Eagle Financial Services will post 3.12 earnings per share for the current fiscal year.

Eagle Financial Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Monday, May 4th. Eagle Financial Services’s dividend payout ratio (DPR) is presently 35.23%.

Hedge Funds Weigh In On Eagle Financial Services

A number of large investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. purchased a new position in shares of Eagle Financial Services in the third quarter worth about $26,000. BNP Paribas Financial Markets grew its position in Eagle Financial Services by 82.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,188 shares of the company’s stock worth $45,000 after acquiring an additional 538 shares during the last quarter. Daytona Street Capital LLC bought a new position in Eagle Financial Services during the 4th quarter worth approximately $60,000. JPMorgan Chase & Co. purchased a new position in Eagle Financial Services in the 2nd quarter worth approximately $67,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Eagle Financial Services in the 3rd quarter worth approximately $84,000. Hedge funds and other institutional investors own 0.31% of the company’s stock.

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.