Eagle Financial Services (NASDAQ:EFSI) Posts Quarterly Earnings Results

Eagle Financial Services (NASDAQ:EFSI) issued its quarterly earnings results on Thursday. The company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.05, Zacks reports. 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 8.38% and a net margin of 15.16%.

Eagle Financial Services Price Performance

EFSI stock opened at $46.51 on Friday. The firm has a 50 day moving average of $44.52 and a 200-day moving average of $41.65. The firm has a market capitalization of $251.62 million, a P/E ratio of 15.56 and a beta of 0.21. Eagle Financial Services has a 12 month low of $31.44 and a 12 month high of $48.17. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Monday, November 2nd will be given a $0.31 dividend. 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’s dividend payout ratio (DPR) is 35.84%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. DA Davidson lifted their price objective on Eagle Financial Services from $40.00 to $46.00 and gave the stock a “neutral” rating in a report on Wednesday, September 9th. Freedom Broker cut shares of Eagle Financial Services from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 27th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Eagle Financial Services in a report on Tuesday, September 22nd. Zacks Research raised shares of Eagle Financial Services from a “strong sell” rating to a “hold” rating in a report on Friday, September 25th. Finally, 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. One investment 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, Eagle Financial Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.75.

About Eagle Financial Services

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.