Eagle Financial Services Inc. (NASDAQ:EFSI) Announces Quarterly Dividend of $0.31

Eagle Financial Services Inc. (NASDAQ:EFSI) announced a quarterly dividend on Thursday, October 22nd. Stockholders of record on Monday, November 2nd will be paid a dividend of $0.31 per share on Friday, November 13th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Monday, November 2nd.

Eagle Financial Services Stock Up 1.3%

Shares of EFSI opened at $46.51 on Friday. The firm has a market cap of $251.62 million, a PE ratio of 13.44 and a beta of 0.21. The company’s fifty day moving average is $44.52 and its two-hundred day moving average is $41.65. Eagle Financial Services has a fifty-two week low of $31.44 and a fifty-two week high of $48.17. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

Eagle Financial Services (NASDAQ:EFSI) last released its quarterly earnings results on Thursday, October 22nd. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.88 by $0.05. Eagle Financial Services had a return on equity of 8.38% and a net margin of 15.16%. The firm had revenue of $22.93 million for the quarter, compared to analyst estimates of $22.09 million. Analysts forecast that Eagle Financial Services will post 2.71 earnings per share for the current year.

Analysts Set New Price Targets

EFSI has been the topic of a number of analyst reports. Zacks Research raised shares of Eagle Financial Services from a “strong sell” rating to a “hold” rating in a report on Friday, September 25th. Wall Street Zen lowered shares of Eagle Financial Services from a “sell” rating to a “strong sell” rating in a research note on Monday, September 14th. Weiss Ratings restated a “buy (b)” rating on shares of Eagle Financial Services in a research report on Tuesday, September 22nd. DA Davidson raised their price target on shares of Eagle Financial Services from $40.00 to $46.00 and gave the company a “neutral” rating in a research note on Wednesday, September 9th. Finally, Freedom Broker cut Eagle Financial Services from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 27th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $43.75.

Eagle Financial Services Company Profile

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

Bank of Clarke County offers a range of deposit products, including checking, savings and certificates of deposit, along with commercial, residential mortgage and consumer lending. Its services also include online and mobile banking, treasury management and other financial solutions designed for personal and business customers.

The bank traces its history to the establishment of Bank of Clarke County in 1881 and serves communities in Virginia’s Northern Shenandoah Valley, including Clarke, Frederick and Loudoun counties and the Winchester area.