Eagle Financial Services (NASDAQ:EFSI) Shares Down 0.4% – Here’s Why

Eagle Financial Services Inc. (NASDAQ:EFSI) shares were down 0.4% during mid-day trading on Wednesday. The stock traded as low as $45.22 and last traded at $45.58. Approximately 22,091 shares traded hands during trading, a decline of 46% from the average session volume of 41,157 shares. The stock had previously closed at $45.76.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on EFSI. Freedom Broker cut shares of Eagle Financial Services from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 27th. Weiss Ratings restated a “buy (b)” rating on shares of Eagle Financial Services in a research note on Tuesday, September 22nd. Zacks Research raised shares of Eagle Financial Services from a “strong sell” rating to a “hold” rating in a research report on Friday, September 25th. DA Davidson upped their target price on shares of Eagle Financial Services from $40.00 to $46.00 and gave the company a “neutral” rating in a research note on Wednesday, September 9th. Finally, Wall Street Zen downgraded shares of Eagle Financial Services from a “sell” rating to a “strong sell” rating in a report on Monday, September 14th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $43.75.

Eagle Financial Services Trading Down 0.6%

The firm has a market capitalization of $246.41 million, a P/E ratio of 13.16 and a beta of 0.21. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The business has a 50-day moving average price of $43.70 and a 200-day moving average price of $40.87.

Eagle Financial Services (NASDAQ:EFSI) last issued 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 firm had revenue of $25.56 million during the quarter, compared to the consensus estimate of $21.29 million. Analysts anticipate that Eagle Financial Services Inc. will post 2.71 earnings per share for the current year.

Eagle Financial Services Announces Dividend

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

Institutional Investors Weigh In On Eagle Financial Services

A number of institutional investors have recently added to or reduced their stakes in EFSI. BlackRock Inc. acquired a new stake in shares of Eagle Financial Services in the 2nd quarter valued at $14,315,000. Susquehanna International Group LLP bought a new position in Eagle Financial Services during the 2nd quarter valued at about $1,199,000. United Capital Financial Advisors LLC acquired a new position in Eagle Financial Services in the second quarter valued at about $671,000. Bank of New York Mellon Corp bought a new stake in Eagle Financial Services during the second quarter worth about $651,000. Finally, Expressive Wealth LLC acquired a new stake in shares of Eagle Financial Services during the second quarter worth approximately $434,000. 0.31% of the stock is owned by institutional investors and hedge funds.

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.