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

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

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

Eagle Financial Services Stock Performance

NASDAQ EFSI opened at $41.48 on Monday. Eagle Financial Services has a 1 year low of $31.44 and a 1 year 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 stock has a market capitalization of $224.41 million, a PE ratio of 11.99 and a beta of 0.22. The company’s 50 day simple moving average is $41.11 and its two-hundred day simple moving average is $38.56.

Eagle Financial Services (NASDAQ:EFSI) last released its quarterly earnings results on Thursday, July 23rd. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.37). Eagle Financial Services had a return on equity of 8.44% and a net margin of 15.16%.The firm had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $21.29 million. Analysts predict 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 declared a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Monday, August 3rd will be given a dividend of $0.31 per share. The ex-dividend date is Monday, August 3rd. This represents a $1.24 annualized dividend and a dividend yield of 3.0%. Eagle Financial Services’s payout ratio is currently 35.84%.

Hedge Funds Weigh In On Eagle Financial Services

A number of institutional investors have recently added to or reduced their stakes in EFSI. Russell Investments Group Ltd. bought a new stake in Eagle Financial Services during the third quarter worth about $26,000. BNP Paribas Financial Markets increased its stake in shares of Eagle Financial Services by 82.8% during the third quarter. BNP Paribas Financial Markets now owns 1,188 shares of the company’s stock valued at $45,000 after purchasing an additional 538 shares in the last quarter. Daytona Street Capital LLC purchased a new position in shares of Eagle Financial Services during the fourth quarter valued at approximately $60,000. JPMorgan Chase & Co. purchased a new position in shares of Eagle Financial Services during the second quarter valued at approximately $67,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Eagle Financial Services in the 2nd quarter worth approximately $83,000. 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.