Eagle Financial Services (NASDAQ:EFSI) Upgraded at Zacks Research

Zacks Research upgraded shares of Eagle Financial Services (NASDAQ:EFSI) to a hold rating in a research note released on Thursday,Zacks.com reports.

EFSI has been the subject of several other reports. Keefe, Bruyette & Woods increased their price target 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 Eagle Financial Services from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. Capital One Financial set a $43.00 price target on Eagle Financial Services in a report on Monday, February 9th. Loop Capital set a $43.00 price target on Eagle Financial Services in a research note on Monday, February 9th. Finally, DA Davidson assumed coverage on Eagle Financial Services in a report on Wednesday. They set a “neutral” rating and a $43.00 price objective on the stock. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $43.00.

Eagle Financial Services Stock Down 5.6%

Eagle Financial Services stock opened at $34.71 on Thursday. The stock has a 50 day moving average of $39.08 and a two-hundred day moving average of $37.79. Eagle Financial Services has a twelve month low of $28.70 and a twelve month high of $41.12. The stock has a market capitalization of $186.74 million, a price-to-earnings ratio of 26.70 and a beta of 0.20. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.37.

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

Eagle Financial Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Monday, February 2nd were issued a $0.31 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $1.24 annualized dividend and a yield of 3.6%. Eagle Financial Services’s dividend payout ratio is 95.38%.

Institutional Investors Weigh In On Eagle Financial Services

Several institutional investors and hedge funds have recently made changes to their positions in EFSI. Fourthstone LLC grew its stake in Eagle Financial Services by 64.0% in the 4th quarter. Fourthstone LLC now owns 453,918 shares of the company’s stock valued at $18,064,000 after acquiring an additional 177,132 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Eagle Financial Services by 105.3% in the third quarter. Vanguard Group Inc. now owns 306,800 shares of the company’s stock valued at $11,606,000 after purchasing an additional 157,331 shares during the last quarter. Graham Capital Wealth Management LLC grew its position in shares of Eagle Financial Services by 5.3% in the third quarter. Graham Capital Wealth Management LLC now owns 129,918 shares of the company’s stock valued at $4,915,000 after purchasing an additional 6,580 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Eagle Financial Services by 148.9% during the 2nd quarter. Geode Capital Management LLC now owns 106,571 shares of the company’s stock worth $3,264,000 after purchasing an additional 63,756 shares in the last quarter. Finally, UBS Group AG raised its position in shares of Eagle Financial Services by 2,935.5% during the 4th quarter. UBS Group AG now owns 73,094 shares of the company’s stock worth $2,909,000 after purchasing an additional 70,686 shares during the last quarter. 0.31% of the stock is currently owned by hedge funds and other institutional investors.

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.