Eagle Financial Services Inc. (NASDAQ:EFSI) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts hold a “Moderate Buy” consensus on Eagle Financial Services, with six firms covering the stock and an average 12-month price target of $43.75. Ratings are mixed, including one sell, two holds, two buys and one strong buy.
• Eagle Financial Services reported quarterly EPS of $0.41, below the $0.78 consensus estimate, although revenue of $25.56 million exceeded expectations of $21.29 million.
• The company declared a quarterly dividend of $0.31, equivalent to $1.24 annually and a 2.7% yield; institutional ownership remains low at 0.31% of outstanding shares.

Shares of Eagle Financial Services Inc. (NASDAQ:EFSI - Get Free Report) have earned a consensus rating of "Moderate Buy" from the six ratings firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $43.75.

A number of brokerages have recently issued reports on EFSI. Wall Street Zen cut shares of Eagle Financial Services from a "sell" rating to a "strong sell" rating in a report on Monday. Freedom Broker cut Eagle Financial Services from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 27th. Zacks Research downgraded Eagle Financial Services from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 11th. Weiss Ratings upgraded Eagle Financial Services from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, June 26th. Finally, DA Davidson raised their price objective on Eagle Financial Services from $40.00 to $46.00 and gave the company a "neutral" rating in a research report on Wednesday, September 9th.

Institutional Investors Weigh In On Eagle Financial Services

Hedge funds have recently added to or reduced their stakes in the business. Deutsche Bank AG bought a new position in shares of Eagle Financial Services in the second quarter valued at about $195,000. Bank of America Corp DE grew its stake in Eagle Financial Services by 11.7% in the 1st quarter. Bank of America Corp DE now owns 10,374 shares of the company's stock valued at $363,000 after buying an additional 1,086 shares during the last quarter. Expressive Wealth LLC bought a new position in Eagle Financial Services in the 2nd quarter valued at about $434,000. Bank of New York Mellon Corp bought a new position in Eagle Financial Services in the 2nd quarter valued at about $651,000. Finally, United Capital Financial Advisors LLC acquired a new stake in Eagle Financial Services during the second quarter worth approximately $671,000. Institutional investors and hedge funds own 0.31% of the company's stock.

Eagle Financial Services Price Performance

NASDAQ:EFSI opened at $46.58 on Wednesday. The stock has a market capitalization of $252.00 million, a PE ratio of 13.46 and a beta of 0.23. Eagle Financial Services has a 1-year low of $31.44 and a 1-year high of $47.52. The firm has a fifty day simple moving average of $42.21 and a 200 day simple moving average of $39.43. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.15.

Eagle Financial Services (NASDAQ:EFSI - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $0.41 EPS 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 8.38%. The firm had revenue of $25.56 million during the quarter, compared to analyst estimates of $21.29 million. On average, research analysts expect that Eagle Financial Services will post 2.71 EPS for the current fiscal year.

Eagle Financial Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 3rd were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Monday, August 3rd. Eagle Financial Services's dividend payout ratio is 35.84%.

Eagle Financial Services Company Profile

Eagle Financial Services, Inc is a bank holding company headquartered in Berryville, Virginia. Its principal subsidiary, Bank of Clarke, provides community banking services to individuals, families, businesses and organizations.

The bank offers checking and savings accounts, certificates of deposit and other deposit products, along with commercial, real estate, mortgage and consumer lending. Its services also include online and mobile banking, cash-management solutions and other financial services designed for personal and business customers.

Through its branch network and digital channels, Eagle Financial Services serves communities in the Northern Shenandoah Valley and surrounding areas of Virginia.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.