Eagle Financial Services (NASDAQ:EFSI) Releases Earnings Results, Beats Expectations By $0.05 EPS

Eagle Financial Services (NASDAQ:EFSI) posted its quarterly earnings data on Thursday. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.05, Zacks reports. The business had revenue of $22.93 million during the quarter, compared to the consensus estimate of $22.09 million. Eagle Financial Services had a net margin of 15.16% and a return on equity of 8.38%.

Eagle Financial Services Price Performance

Shares of NASDAQ:EFSI traded up $0.61 on Thursday, hitting $46.51. The stock had a trading volume of 111,992 shares, compared to its average volume of 35,247. Eagle Financial Services has a twelve month low of $31.44 and a twelve month high of $48.17. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.01 and a current ratio of 1.02. The firm’s 50 day moving average price is $44.45 and its 200-day moving average price is $41.58. The company has a market capitalization of $251.62 million, a price-to-earnings ratio of 13.44 and a beta of 0.21.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Wall Street Zen cut Eagle Financial Services from a “sell” rating to a “strong sell” rating in a research report on Monday, September 14th. DA Davidson increased their price target 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 report on Tuesday, September 22nd. Freedom Broker cut Eagle Financial Services from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 27th. Finally, Zacks Research upgraded Eagle Financial Services from a “strong sell” rating to a “hold” rating in a research report on Friday, September 25th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.