Eagle Financial Services Inc. (EFSI) – What Are Brokerages Thinking About This Stock?

Eagle Financial Services Inc. (NASDAQ:EFSI) has been assigned an average rating of “Moderate Buy” from the six ratings firms that are covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $43.75.

A number of brokerages have recently weighed in on EFSI. Zacks Research upgraded Eagle Financial Services from a “strong sell” rating to a “hold” rating in a research note on Friday, September 25th. Weiss Ratings reiterated a “buy (b)” rating on shares of Eagle Financial Services in a research note on Tuesday, September 22nd. 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 boosted 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. Finally, Freedom Broker cut Eagle Financial Services from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 27th.

Hedge Funds Weigh In On Eagle Financial Services

A number of institutional investors have recently bought and sold shares of the business. Deutsche Bank AG purchased a new position in shares of Eagle Financial Services during the second quarter worth $195,000. Bank of America Corp DE lifted its holdings in shares of Eagle Financial Services by 11.7% in the 1st quarter. Bank of America Corp DE now owns 10,374 shares of the company’s stock valued at $363,000 after buying an additional 1,086 shares during the period. Expressive Wealth LLC acquired a new position in shares of Eagle Financial Services in the 2nd quarter valued at about $434,000. Bank of New York Mellon Corp acquired a new position in shares of Eagle Financial Services in the 2nd quarter valued at about $651,000. Finally, United Capital Financial Advisors LLC purchased a new stake in shares of Eagle Financial Services in the second quarter worth about $671,000. 0.31% of the stock is owned by hedge funds and other institutional investors.

Eagle Financial Services Trading Up 1.0%

Shares of NASDAQ EFSI opened at $46.45 on Thursday. Eagle Financial Services has a 1-year low of $31.44 and a 1-year high of $48.17. The business has a fifty day moving average price of $45.14 and a 200 day moving average price of $40.49. The stock has a market capitalization of $251.43 million, a P/E ratio of 14.08 and a beta of 0.21. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 1.01.

Eagle Financial Services (NASDAQ:EFSI) last released its quarterly earnings results on Thursday, October 22nd. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.05. The business had revenue of $22.93 million for the quarter, compared to analyst estimates of $22.09 million. Eagle Financial Services had a net margin of 14.55% and a return on equity of 8.02%. Equities research analysts expect that Eagle Financial Services will post 2.71 EPS for the current fiscal year.

Eagle Financial Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Monday, November 2nd will be given a $0.31 dividend. The ex-dividend date is Monday, November 2nd. This represents a $1.24 dividend on an annualized basis and a yield of 2.7%. Eagle Financial Services’s dividend payout ratio is currently 37.58%.

About Eagle Financial Services

Eagle Financial Services, Inc is a bank holding company headquartered in Berryville, Virginia. It operates through its principal subsidiary, Bank of Clarke County, a community bank that has served customers in Virginia’s Northern Shenandoah Valley since 1881.

Bank of Clarke County provides personal and business banking services, including checking and savings accounts, certificates of deposit, consumer loans, commercial lending, residential mortgage financing, and online and mobile banking services.