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

Eagle Financial Services (NASDAQ:EFSI) posted its quarterly earnings data on Thursday. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.33), FiscalAI reports. Eagle Financial Services had a net margin of 15.81% and a return on equity of 10.17%. The firm had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $21.29 million.

Eagle Financial Services Stock Up 0.4%

Shares of NASDAQ:EFSI traded up $0.15 during trading hours on Thursday, hitting $41.45. The company’s stock had a trading volume of 50,997 shares, compared to its average volume of 29,413. The company has a market capitalization of $224.24 million, a price-to-earnings ratio of 11.78 and a beta of 0.22. Eagle Financial Services has a 52 week low of $31.44 and a 52 week high of $44.00. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.02 and a quick ratio of 1.02. The firm’s fifty day moving average price is $40.74 and its 200 day moving average price is $38.50.

Institutional Investors Weigh In On Eagle Financial Services

A number of institutional investors have recently added to or reduced their stakes in EFSI. Goldman Sachs Group Inc. purchased a new position in Eagle Financial Services in the first quarter valued at about $287,000. Geode Capital Management LLC grew its holdings in Eagle Financial Services by 148.9% in the second quarter. Geode Capital Management LLC now owns 106,571 shares of the company’s stock worth $3,264,000 after purchasing an additional 63,756 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in shares of Eagle Financial Services during the second quarter worth $67,000. New York State Common Retirement Fund acquired a new position in shares of Eagle Financial Services during the second quarter worth $101,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Eagle Financial Services during the 2nd quarter valued at $83,000. Institutional investors own 0.31% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Weiss Ratings raised shares of Eagle Financial Services from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, June 26th. Zacks Research raised shares of Eagle Financial Services from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. DA Davidson reissued a “neutral” rating and set a $40.00 price target on shares of Eagle Financial Services in a research note on Monday, May 11th. Finally, Freedom Capital raised Eagle Financial Services from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $42.25.

Eagle Financial Services Company Profile

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.