Eagle Financial Services’ (EFSI) Neutral Rating Reaffirmed 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,Benzinga reports. They currently have a $40.00 price target on the stock.

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

Eagle Financial Services Stock Performance

Shares of EFSI stock opened at $40.14 on Monday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.16. The stock has a 50 day simple moving average of $40.95 and a 200-day simple moving average of $38.53. The company has a market cap of $217.16 million, a price-to-earnings ratio of 11.60 and a beta of 0.22. Eagle Financial Services has a 12-month low of $31.44 and a 12-month high of $44.00.

Eagle Financial Services (NASDAQ:EFSI) last posted its quarterly earnings results on Thursday, July 23rd. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.37). Eagle Financial Services had a net margin of 15.16% and a return on equity of 8.44%. The business had revenue of $22.10 billion during the quarter, compared to analysts’ expectations of $21.29 million. On average, equities analysts forecast that Eagle Financial Services will post 3.12 EPS for the current year.

Eagle Financial Services Dividend Announcement

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 issued a $0.31 dividend. The ex-dividend date is Monday, August 3rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.1%. Eagle Financial Services’s dividend payout ratio is currently 35.84%.

Hedge Funds Weigh In On Eagle Financial Services

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE boosted its position in Eagle Financial Services by 11.7% during the first quarter. Bank of America Corp DE now owns 10,374 shares of the company’s stock worth $363,000 after purchasing an additional 1,086 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Eagle Financial Services by 53.2% in the first quarter. Dimensional Fund Advisors LP now owns 24,095 shares of the company’s stock valued at $843,000 after purchasing an additional 8,371 shares during the last quarter. AQR Capital Management LLC increased its position in shares of 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 buying an additional 601 shares in the last quarter. Trexquant Investment LP increased its position in shares of 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 buying an additional 5,866 shares in the last quarter. Finally, Barclays PLC increased its position in shares of 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 buying an additional 719 shares in the last quarter. 0.31% of the stock is owned by institutional investors and hedge funds.

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.