Eagle Financial Services (NASDAQ:EFSI) Releases Earnings Results, Misses Expectations By $0.17 EPS

Eagle Financial Services (NASDAQ:EFSI) posted its quarterly earnings data on Thursday. The company reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.17), FiscalAI reports. The firm had revenue of $20.85 billion during the quarter, compared to analyst estimates of $21.18 million. Eagle Financial Services had a net margin of 7.76% and a return on equity of 9.87%.

Eagle Financial Services Trading Up 0.4%

EFSI stock traded up $0.17 on Thursday, hitting $39.29. 15,787 shares of the company were exchanged, compared to its average volume of 14,563. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a market capitalization of $212.64 million, a price-to-earnings ratio of 30.22 and a beta of 0.19. Eagle Financial Services has a twelve month low of $28.70 and a twelve month high of $41.12. The business’s fifty day moving average is $35.99 and its two-hundred day moving average is $37.35.

Analyst Upgrades and Downgrades

EFSI has been the subject of several recent analyst reports. Capital One Financial set a $43.00 target price on shares of Eagle Financial Services in a research note on Monday, February 9th. Keefe, Bruyette & Woods raised their price objective on Eagle Financial Services from $42.00 to $43.00 and gave the stock an “outperform” rating in a report on Thursday, January 29th. DA Davidson began coverage on Eagle Financial Services in a research report on Wednesday, February 25th. They issued a “neutral” rating and a $43.00 price objective for the company. Weiss Ratings lowered Eagle Financial Services from a “buy (b-)” rating to a “hold (c)” rating in a research note on Tuesday, March 17th. Finally, Loop Capital set a $43.00 target price on Eagle Financial Services in a research report on Monday, February 9th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $43.00.

Insider Activity

In other news, Director Scott M. Hamberger acquired 909 shares of the company’s stock in a transaction dated Wednesday, March 11th. The stock was acquired at an average cost of $33.00 per share, for a total transaction of $29,997.00. Following the acquisition, the director directly owned 2,550 shares in the company, valued at approximately $84,150. This represents a 55.39% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 8.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Eagle Financial Services

Institutional investors have recently added to or reduced their stakes in the company. Millennium Management LLC raised its holdings in shares of Eagle Financial Services by 2.2% in the 3rd quarter. Millennium Management LLC now owns 13,581 shares of the company’s stock worth $514,000 after purchasing an additional 288 shares during the period. Wells Fargo & Company MN increased its position in Eagle Financial Services by 4.4% during the 4th quarter. Wells Fargo & Company MN now owns 10,771 shares of the company’s stock worth $429,000 after purchasing an additional 458 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in Eagle Financial Services by 82.8% in the third quarter. BNP Paribas Financial Markets now owns 1,188 shares of the company’s stock valued at $45,000 after buying an additional 538 shares during the period. AQR Capital Management LLC raised its holdings in Eagle Financial Services by 4.1% in the fourth quarter. AQR Capital Management LLC now owns 15,220 shares of the company’s stock valued at $606,000 after buying an additional 601 shares during the period. Finally, Russell Investments Group Ltd. acquired a new position in Eagle Financial Services during the third quarter valued at approximately $26,000. 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.