Eagle Financial Services Inc. (NASDAQ:EFSI) Stock Has Average Price Target of $43.75 According to Brokerages

Eagle Financial Services Inc. (NASDAQ:EFSI) has been assigned an average rating of “Moderate Buy” from the six analysts that are presently covering the stock, MarketBeat reports. Three equities research 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 1 year price target among brokers that have updated their coverage on the stock in the last year is $43.75.

Several research analysts have recently weighed in on the stock. DA Davidson upped 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. Wall Street Zen lowered shares of Eagle Financial Services from a “sell” rating to a “strong sell” rating in a report on Monday, September 14th. Weiss Ratings restated a “buy (b)” rating on shares of Eagle Financial Services in a report on Tuesday, September 22nd. Freedom Broker cut shares of Eagle Financial Services from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 27th. Finally, Zacks Research raised shares of Eagle Financial Services from a “strong sell” rating to a “hold” rating in a research note on Friday, September 25th.

Hedge Funds Weigh In On Eagle Financial Services

Hedge funds have recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in shares of Eagle Financial Services in the second quarter valued at approximately $14,315,000. Susquehanna International Group LLP acquired a new position in Eagle Financial Services during the second quarter worth $1,199,000. United Capital Financial Advisors LLC bought a new position in Eagle Financial Services in the second quarter valued at $671,000. Bank of New York Mellon Corp bought a new position in Eagle Financial Services in the second quarter valued at $651,000. Finally, Expressive Wealth LLC bought a new position in Eagle Financial Services in the second quarter valued at $434,000. 0.31% of the stock is owned by institutional investors.

Eagle Financial Services Price Performance

NASDAQ EFSI opened at $45.75 on Friday. The business has a 50 day simple moving average of $44.20 and a 200 day simple moving average of $41.28. Eagle Financial Services has a 52-week low of $31.44 and a 52-week 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 stock has a market cap of $247.51 million, a price-to-earnings ratio of 15.36 and a beta of 0.21.

Eagle Financial Services (NASDAQ:EFSI) last announced its earnings results on Thursday, July 23rd. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.37). Eagle Financial Services had a return on equity of 8.38% and a net margin of 15.16%. The company had revenue of $25.56 million for the quarter, compared to analyst estimates of $21.29 million. Analysts anticipate that Eagle Financial Services will post 2.71 earnings per share for the current fiscal year.

Eagle Financial Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Monday, August 3rd were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Monday, August 3rd. Eagle Financial Services’s dividend payout ratio is currently 35.84%.

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.