Eagle Financial Services Inc. (NASDAQ:EFSI) Given Average Recommendation of “Hold” by Analysts

Shares of Eagle Financial Services Inc. (NASDAQ:EFSI) have been given an average recommendation of “Hold” by the five research firms that are currently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $43.00.

EFSI has been the subject of several recent analyst reports. Keefe, Bruyette & Woods increased their price objective on shares of Eagle Financial Services from $42.00 to $43.00 and gave the company an “outperform” rating in a report on Thursday, January 29th. Zacks Research upgraded Eagle Financial Services to a “hold” rating in a research report on Thursday, February 26th. Capital One Financial set a $43.00 price target on Eagle Financial Services in a research note on Monday, February 9th. Freedom Capital cut Eagle Financial Services from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. Finally, Loop Capital set a $43.00 price objective on Eagle Financial Services in a research note on Monday, February 9th.

Insider Buying and Selling

In other Eagle Financial Services news, Director Scott M. Hamberger purchased 909 shares of the company’s stock in a transaction on Wednesday, March 11th. The shares were purchased at an average cost of $33.00 per share, for a total transaction of $29,997.00. Following the completion of the transaction, the director owned 2,550 shares in the company, valued at $84,150. The trade was a 55.39% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 12.28% of the company’s stock.

Institutional Trading of Eagle Financial Services

A number of hedge funds and other institutional investors have recently made changes to their positions in EFSI. Fourthstone LLC increased its holdings in shares of 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 buying an additional 177,132 shares in the last quarter. Vanguard Group Inc. grew its stake in 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 in the last quarter. UBS Group AG grew its position in Eagle Financial Services by 2,935.5% in the fourth quarter. UBS Group AG now owns 73,094 shares of the company’s stock worth $2,909,000 after acquiring an additional 70,686 shares in the last quarter. Geode Capital Management LLC increased its holdings 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 valued at $3,264,000 after acquiring an additional 63,756 shares during the last quarter. Finally, Choreo LLC acquired a new position in Eagle Financial Services during the second quarter valued at approximately $1,849,000. 0.31% of the stock is currently owned by institutional investors.

Eagle Financial Services Trading Up 3.0%

Shares of EFSI stock opened at $34.32 on Wednesday. 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 has a 1 year low of $28.70 and a 1 year high of $41.12. The stock has a fifty day moving average of $36.94 and a two-hundred day moving average of $37.49. The firm has a market capitalization of $185.67 million, a PE ratio of 26.40 and a beta of 0.21.

Eagle Financial Services (NASDAQ:EFSI) last issued its quarterly earnings results on Monday, January 26th. The company reported $0.81 EPS for the quarter. Eagle Financial Services had a return on equity of 9.87% and a net margin of 7.76%.The company had revenue of $21.76 million for the quarter.

Eagle Financial Services Announces Dividend

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

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.