Eagle Financial Services (NASDAQ:EFSI) Coverage Initiated by Analysts at DA Davidson

Research analysts at DA Davidson began coverage on shares of Eagle Financial Services (NASDAQ:EFSI) in a research report issued to clients and investors on Wednesday. The brokerage set a “neutral” rating and a $43.00 price target on the stock. DA Davidson’s price target points to a potential upside of 15.65% from the company’s previous close.

Several other equities research analysts also recently weighed in on the stock. Loop Capital set a $43.00 target price on shares of Eagle Financial Services in a research note on Monday, February 9th. Freedom Capital lowered Eagle Financial Services from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. Capital One Financial set a $43.00 target price on Eagle Financial Services in a report on Monday, February 9th. Keefe, Bruyette & Woods upped their price target on Eagle Financial Services from $42.00 to $43.00 and gave the stock an “outperform” rating in a report on Thursday, January 29th. Finally, Weiss Ratings upgraded Eagle Financial Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 9th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $43.00.

Eagle Financial Services Price Performance

Eagle Financial Services stock opened at $37.18 on Wednesday. Eagle Financial Services has a 1 year low of $28.70 and a 1 year high of $41.12. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.04 and a current ratio of 1.04. The company’s 50 day simple moving average is $39.34 and its 200-day simple moving average is $37.76. The company has a market capitalization of $200.03 million, a price-to-earnings ratio of 28.60 and a beta of 0.20.

Eagle Financial Services (NASDAQ:EFSI) last released its quarterly earnings results on Monday, January 26th. The company reported $0.81 EPS for the quarter. Eagle Financial Services had a return on equity of 9.99% and a net margin of 7.76%.The company had revenue of $21.76 million for the quarter.

Institutional Trading of Eagle Financial Services

Several institutional investors and hedge funds have recently bought and sold shares of EFSI. Fourthstone LLC grew its position in Eagle Financial Services by 64.0% during the 4th quarter. Fourthstone LLC now owns 453,918 shares of the company’s stock worth $18,064,000 after purchasing an additional 177,132 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Eagle Financial Services by 105.3% in the third quarter. Vanguard Group Inc. now owns 306,800 shares of the company’s stock valued at $11,606,000 after purchasing an additional 157,331 shares during the period. Graham Capital Wealth Management LLC purchased a new position in Eagle Financial Services during the 2nd quarter worth $3,777,000. UBS Group AG lifted its stake in shares of Eagle Financial Services by 2,935.5% in the 4th quarter. UBS Group AG now owns 73,094 shares of the company’s stock worth $2,909,000 after acquiring an additional 70,686 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Eagle Financial Services by 148.9% during the second quarter. Geode Capital Management LLC now owns 106,571 shares of the company’s stock worth $3,264,000 after acquiring an additional 63,756 shares during the period. Hedge funds and other institutional investors own 0.31% of the company’s stock.

About Eagle Financial Services

Eagle Financial Services, Inc (NASDAQ: EFSI) is the bank holding company for Eagle National Bank, a community-oriented financial institution headquartered in Fredericksburg, Virginia. The company offers a broad range of retail and commercial banking solutions, focusing on personalized service for individuals, small businesses, and nonprofit organizations. Through its subsidiary, Eagle National Bank, it maintains a commitment to local decision-making and relationship-driven service.

Eagle Financial Services provides deposit products including checking and savings accounts, money market funds, certificates of deposit, and individual retirement accounts.