Eagle Financial Services’ (EFSI) “Neutral” Rating Reiterated at DA Davidson

DA Davidson reissued their neutral rating on shares of Eagle Financial Services (NASDAQ:EFSI) in a research note issued to investors on Monday morning,Benzinga reports. The firm currently has a $40.00 price objective on the stock.

Several other research firms have also recently issued reports on EFSI. Zacks Research upgraded shares of Eagle Financial Services to a “hold” rating in a report on Thursday, February 26th. Weiss Ratings cut shares of Eagle Financial Services from a “buy (b-)” rating to a “hold (c)” rating in a report on Tuesday, March 17th. Keefe, Bruyette & Woods raised their target price on shares of Eagle Financial Services from $42.00 to $43.00 and gave the stock an “outperform” rating in a report on Thursday, January 29th. Freedom Capital cut shares of Eagle Financial Services from a “strong-buy” rating to a “hold” rating in a report on Monday, February 9th. Finally, Capital One Financial set a $43.00 target price on shares of Eagle Financial Services in a report on Monday, February 9th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Eagle Financial Services presently has a consensus rating of “Hold” and a consensus target price of $42.25.

Eagle Financial Services Price Performance

Shares of NASDAQ:EFSI opened at $36.79 on Monday. The company has a quick ratio of 1.04, a current ratio of 1.02 and a debt-to-equity ratio of 0.16. Eagle Financial Services has a fifty-two week low of $28.70 and a fifty-two week high of $41.12. The firm has a 50-day simple moving average of $36.02 and a 200 day simple moving average of $37.43. The company has a market cap of $199.03 million, a PE ratio of 10.45 and a beta of 0.22.

Eagle Financial Services (NASDAQ:EFSI) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.17). Eagle Financial Services had a net margin of 15.81% and a return on equity of 10.17%. The business had revenue of $20.85 million for the quarter, compared to the consensus estimate of $21.18 million. On average, sell-side analysts anticipate that Eagle Financial Services will post 3.12 EPS for the current year.

Eagle Financial Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Monday, May 4th will be paid a dividend of $0.31 per share. The ex-dividend date is Monday, May 4th. This represents a $1.24 annualized dividend and a dividend yield of 3.4%. Eagle Financial Services’s dividend payout ratio is 35.23%.

Insider Activity at Eagle Financial Services

In other Eagle Financial Services news, Director Scott M. Hamberger purchased 909 shares of the company’s stock in a transaction dated Wednesday, March 11th. The shares were bought at an average price of $33.00 per share, for a total transaction of $29,997.00. Following the purchase, the director directly owned 2,550 shares in the company, valued at $84,150. This trade represents a 55.39% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 7.12% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of EFSI. Goldman Sachs Group Inc. acquired a new position in shares of Eagle Financial Services during the 1st quarter worth $287,000. Geode Capital Management LLC grew its stake in Eagle Financial Services by 148.9% in the 2nd quarter. Geode Capital Management LLC now owns 106,571 shares of the company’s stock valued at $3,264,000 after buying an additional 63,756 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in Eagle Financial Services in the 2nd quarter valued at $67,000. New York State Common Retirement Fund acquired a new position in Eagle Financial Services in the 2nd quarter valued at $101,000. Finally, Raymond James Financial Inc. acquired a new position in Eagle Financial Services in the 2nd quarter valued at $83,000. Institutional investors and hedge funds 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.