Eagle Financial Services (NASDAQ:EFSI) Stock Gets Price Target Boost from Freedom Broker

Eagle Financial Services (NASDAQ:EFSI) had its target price raised by Freedom Broker from $43.00 to $46.20 in a report released on Friday, Benzinga reports. The firm currently has a “hold” rating on the stock. Freedom Broker‘s price target points to a potential upside of 0.41% from the stock’s previous close.

A number of other research firms have also recently commented on EFSI. Wall Street Zen cut shares of Eagle Financial Services from a “sell” rating to a “strong sell” rating in a report on Monday, September 14th. DA Davidson raised their price objective on shares of Eagle Financial Services from $40.00 to $46.00 and gave the company a “neutral” rating in a report on Wednesday, September 9th. Weiss Ratings reissued a “buy (b)” rating on shares of Eagle Financial Services in a research note on Tuesday, September 22nd. Finally, Zacks Research raised shares of Eagle Financial Services from a “strong sell” rating to a “hold” rating in a research report on Friday, September 25th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.24.

Eagle Financial Services Stock Performance

Eagle Financial Services stock traded up $0.01 during trading hours on Friday, hitting $46.01. The company had a trading volume of 37,768 shares, compared to its average volume of 45,206. The firm has a market cap of $248.91 million, a PE ratio of 13.94 and a beta of 0.21. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.03 and a quick ratio of 1.01. Eagle Financial Services has a one year low of $31.44 and a one year high of $48.17. The firm has a 50-day moving average of $45.75 and a 200 day moving average of $40.70.

Eagle Financial Services (NASDAQ:EFSI) last posted its quarterly earnings data on Thursday, October 22nd. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.05. The firm had revenue of $22.93 million for the quarter, compared to analysts’ expectations of $22.09 million. Eagle Financial Services had a return on equity of 7.98% and a net margin of 14.55%. On average, sell-side analysts expect that Eagle Financial Services will post 2.71 earnings per share for the current year.

Hedge Funds Weigh In On Eagle Financial Services

A number of hedge funds and other institutional investors have recently modified their holdings of EFSI. Fourthstone LLC raised its holdings in Eagle Financial Services by 21.3% during the 3rd quarter. Fourthstone LLC now owns 348,823 shares of the company’s stock valued at $15,802,000 after buying an additional 61,248 shares during the last quarter. BlackRock Inc. purchased a new stake in Eagle Financial Services in the second quarter worth $14,315,000. Susquehanna International Group LLP purchased a new stake in Eagle Financial Services in the second quarter worth $1,199,000. Dimensional Fund Advisors LP raised its holdings in Eagle Financial Services by 53.2% in the first quarter. Dimensional Fund Advisors LP now owns 24,095 shares of the company’s stock worth $843,000 after purchasing an additional 8,371 shares in the last quarter. Finally, First Trust Advisors LP bought a new position in Eagle Financial Services in the third quarter worth $997,000. 0.31% of the stock is currently owned by hedge funds and other institutional investors.

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.