Eagle Financial Services (NASDAQ:EFSI) Stock Price Expected to Rise, Freedom Broker Analyst Says

Key Points

• Freedom Broker raised its price target for Eagle Financial Services from $43.00 to $46.20 but kept a “hold” rating; the target is 1.82% below the prior close.
• Analyst views are mixed, though MarketBeat’s consensus rating is “Moderate Buy” with a $44.24 average price target.
• The company beat quarterly expectations, reporting EPS of $0.93 versus $0.88 expected and revenue of $22.93 million versus $22.09 million expected.

Eagle Financial Services (NASDAQ:EFSI - Get Free Report) had its target price upped by stock analysts at Freedom Broker from $43.00 to $46.20 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has a "hold" rating on the stock. Freedom Broker's price target indicates a potential downside of 1.82% from the stock's previous close.

Several other analysts have also issued reports on the stock. Zacks Research upgraded shares of Eagle Financial Services from a "strong sell" rating to a "hold" rating in a report on Friday, September 25th. Wall Street Zen lowered shares of Eagle Financial Services from a "sell" rating to a "strong sell" rating in a research note on Monday, September 14th. DA Davidson increased their target price on shares of Eagle Financial Services from $40.00 to $46.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 9th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Eagle Financial Services in a research report on Tuesday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, Eagle Financial Services has a consensus rating of "Moderate Buy" and a consensus price target of $44.24.

Eagle Financial Services Price Performance

EFSI stock opened at $47.06 on Friday. The business has a fifty day moving average of $45.66 and a two-hundred day moving average of $40.66. The company has a quick ratio of 1.01, a current ratio of 1.03 and a debt-to-equity ratio of 0.15. The stock has a market cap of $254.58 million, a price-to-earnings ratio of 14.08 and a beta of 0.21. Eagle Financial Services has a 52-week low of $31.44 and a 52-week high of $48.17.

Eagle Financial Services (NASDAQ:EFSI - Get Free Report) last posted its earnings results on Thursday, October 22nd. The company reported $0.93 EPS for the quarter, beating analysts' consensus estimates of $0.88 by $0.05. The company had revenue of $22.93 million for the quarter, compared to the consensus estimate of $22.09 million. Eagle Financial Services had a return on equity of 7.98% and a net margin of 14.55%. As a group, research analysts anticipate that Eagle Financial Services will post 2.71 earnings per share for the current year.

Hedge Funds Weigh In On Eagle Financial Services

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. purchased a new position in Eagle Financial Services during the 2nd quarter valued at about $14,315,000. Susquehanna International Group LLP acquired a new position in shares of Eagle Financial Services in the second quarter valued at approximately $1,199,000. Dimensional Fund Advisors LP increased its stake in Eagle Financial Services by 53.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 24,095 shares of the company's stock worth $843,000 after buying an additional 8,371 shares during the period. First Trust Advisors LP purchased a new stake in Eagle Financial Services during the 3rd quarter worth approximately $997,000. Finally, Transmarket Holdings LP acquired a new stake in Eagle Financial Services during the 3rd quarter worth approximately $934,000. Institutional investors and hedge funds own 0.31% of the company's stock.

Eagle Financial Services Company Profile

Eagle Financial Services, Inc. is a bank holding company whose principal subsidiary is the Bank of Clarke County. The bank traces its history to 1881 and provides community banking services to individuals, families and businesses. Its offerings include deposit accounts, personal and commercial loans, mortgages, and online and mobile banking services. The company serves communities in Northern Virginia and the Shenandoah Valley, including areas around Clarke and Frederick counties.

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