Eagle Financial Services (NASDAQ:EFSI) Now Covered by Analysts at DA Davidson

DA Davidson started coverage on shares of Eagle Financial Services (NASDAQ:EFSI) in a report issued on Wednesday morning, Marketbeat Ratings reports. The brokerage issued a neutral rating and a $43.00 target price on the stock.

Several other analysts have also issued reports on EFSI. Freedom Capital lowered shares of Eagle Financial Services from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. Loop Capital set a $43.00 target price on shares of Eagle Financial Services in a research note on Monday, February 9th. Capital One Financial set a $43.00 price objective on Eagle Financial Services in a report on Monday, February 9th. Weiss Ratings raised Eagle Financial Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 9th. Finally, Keefe, Bruyette & Woods lifted their target price on Eagle Financial Services from $42.00 to $43.00 and gave the stock an “outperform” rating in a report on Thursday, January 29th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Eagle Financial Services has an average rating of “Moderate Buy” and a consensus price target of $43.00.

Eagle Financial Services Stock Performance

NASDAQ EFSI opened at $37.19 on Wednesday. Eagle Financial Services has a 52-week low of $28.70 and a 52-week high of $41.12. The company has a fifty day moving average of $39.28 and a 200-day moving average of $37.75. The company has a market capitalization of $200.08 million, a P/E ratio of 28.61 and a beta of 0.20. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.04 and a current ratio of 1.04.

Eagle Financial Services (NASDAQ:EFSI) last released its quarterly earnings results on Monday, January 26th. The company reported $0.81 earnings per share for the quarter. The business had revenue of $21.76 million for the quarter. Eagle Financial Services had a return on equity of 9.99% and a net margin of 7.76%.

Eagle Financial Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Monday, February 2nd were paid a dividend of $0.31 per share. The ex-dividend date was Monday, February 2nd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.3%. Eagle Financial Services’s payout ratio is 95.38%.

Institutional Investors Weigh In On Eagle Financial Services

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. bought a new position in shares of Eagle Financial Services in the third quarter worth approximately $26,000. Police & Firemen s Retirement System of New Jersey bought a new position in Eagle Financial Services in the 2nd quarter worth $32,000. CWM LLC purchased a new stake in Eagle Financial Services in the 3rd quarter worth $45,000. BNP Paribas Financial Markets raised its holdings in 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 acquiring an additional 538 shares during the period. Finally, Daytona Street Capital LLC purchased a new position in shares of Eagle Financial Services in the fourth quarter valued at about $60,000. 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.