Eagle Financial Services (NASDAQ:EFSI) Price Target Raised to $40.00 at DA Davidson

Eagle Financial Services (NASDAQ:EFSI) had its target price lifted by DA Davidson from $38.00 to $40.00 in a report issued on Monday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

Other analysts have also recently issued research reports about the company. Weiss Ratings cut Eagle Financial Services from a “buy (b-)” rating to a “hold (c)” rating in a report on Tuesday, March 17th. Zacks Research upgraded Eagle Financial Services to a “hold” rating in a report on Thursday, February 26th. Capital One Financial set a $43.00 target price on Eagle Financial Services in a report on Monday, February 9th. Keefe, Bruyette & Woods increased 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. Finally, Loop Capital set a $43.00 target price on Eagle Financial Services in a report on Monday, February 9th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Eagle Financial Services has an average rating of “Hold” and a consensus price target of $42.25.

Eagle Financial Services Stock Performance

Shares of NASDAQ:EFSI opened at $38.06 on Monday. The business’s fifty day moving average price is $35.97 and its two-hundred day moving average price is $37.37. Eagle Financial Services has a fifty-two week low of $28.70 and a fifty-two week high of $41.12. The stock has a market capitalization of $205.90 million, a price-to-earnings ratio of 10.81 and a beta of 0.19. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.04 and a quick ratio of 1.04.

Eagle Financial Services (NASDAQ:EFSI) last announced its quarterly earnings results 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 10.25%. The company had revenue of $20.85 billion during the quarter, compared to the consensus estimate of $21.18 million. As a group, analysts predict that Eagle Financial Services will post 3.45 EPS for the current fiscal year.

Eagle Financial Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Monday, May 4th will be issued a $0.31 dividend. The ex-dividend date is Monday, May 4th. This represents a $1.24 annualized dividend and a yield of 3.3%. Eagle Financial Services’s dividend payout ratio (DPR) is currently 35.23%.

Insider Transactions at Eagle Financial Services

In other news, Director Scott M. Hamberger purchased 909 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The shares were acquired at an average price of $33.00 per share, for a total transaction of $29,997.00. Following the completion of the acquisition, the director directly owned 2,550 shares in the company, valued at approximately $84,150. The trade was a 55.39% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 7.12% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Eagle Financial Services

Several hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC boosted its holdings in Eagle Financial Services by 4.1% in the fourth quarter. AQR Capital Management LLC now owns 15,220 shares of the company’s stock valued at $606,000 after acquiring an additional 601 shares during the last quarter. Trexquant Investment LP boosted its holdings in Eagle Financial Services by 100.8% in the fourth quarter. Trexquant Investment LP now owns 11,684 shares of the company’s stock valued at $465,000 after acquiring an additional 5,866 shares during the last quarter. Barclays PLC boosted its holdings in Eagle Financial Services by 4.0% in the fourth quarter. Barclays PLC now owns 18,697 shares of the company’s stock valued at $744,000 after acquiring an additional 719 shares during the last quarter. Fourthstone LLC boosted its holdings in Eagle Financial Services by 64.0% in the fourth 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. Finally, Wells Fargo & Company MN boosted its holdings in Eagle Financial Services by 4.4% in the fourth quarter. Wells Fargo & Company MN now owns 10,771 shares of the company’s stock valued at $429,000 after acquiring an additional 458 shares during the last quarter. Institutional investors own 0.31% of the company’s stock.

Eagle Financial Services Company Profile

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.