Eagle Financial Services Inc. (NASDAQ:EFSI) Stock Has Consensus Price Target of $43.75

Key Points

• Eagle Financial Services has a “Moderate Buy” consensus rating from six analysts, with an average 12-month price target of $43.75.
• Institutional interest increased as BlackRock and several other funds initiated positions, though institutional and hedge-fund ownership remains low at 0.31%.
• The company reported quarterly EPS of $0.41, below the $0.78 consensus estimate, but exceeded revenue expectations; it also maintains a quarterly dividend of $0.31, yielding approximately 2.7% annually.

Shares of Eagle Financial Services Inc. (NASDAQ:EFSI - Get Free Report) have earned a consensus rating of "Moderate Buy" from the six research firms that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $43.75.

Several research firms have issued reports on EFSI. Weiss Ratings restated a "buy (b)" rating on shares of Eagle Financial Services in a report on Tuesday, September 22nd. DA Davidson upped their target price 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. Wall Street Zen cut Eagle Financial Services from a "sell" rating to a "strong sell" rating in a research note on Monday, September 14th. Zacks Research upgraded Eagle Financial Services from a "strong sell" rating to a "hold" rating in a research note on Friday, September 25th. Finally, Freedom Broker downgraded shares of Eagle Financial Services from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 27th.

Hedge Funds Weigh In On Eagle Financial Services

A number of hedge funds have recently bought and sold shares of the company. BlackRock Inc. bought a new position in Eagle Financial Services during the 2nd quarter worth $14,315,000. Susquehanna International Group LLP acquired a new position in Eagle Financial Services during the 2nd quarter valued at about $1,199,000. United Capital Financial Advisors LLC acquired a new position in Eagle Financial Services during the 2nd quarter valued at about $671,000. Bank of New York Mellon Corp acquired a new position in Eagle Financial Services during the 2nd quarter valued at about $651,000. Finally, Expressive Wealth LLC bought a new position in Eagle Financial Services in the 2nd quarter worth about $434,000. 0.31% of the stock is currently owned by institutional investors and hedge funds.

Eagle Financial Services Stock Down 0.6%

Shares of NASDAQ EFSI opened at $45.53 on Friday. Eagle Financial Services has a 1 year low of $31.44 and a 1 year high of $48.17. The firm has a market cap of $246.32 million, a price-to-earnings ratio of 13.16 and a beta of 0.21. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.01 and a current ratio of 1.02. The stock's 50-day simple moving average is $43.80 and its 200-day simple moving average is $40.90.

Eagle Financial Services (NASDAQ:EFSI - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.37). The business had revenue of $25.56 million during the quarter, compared to analyst estimates of $21.29 million. Eagle Financial Services had a return on equity of 8.38% and a net margin of 15.16%. As a group, equities analysts anticipate that Eagle Financial Services will post 2.71 earnings per share for the current fiscal year.

Eagle Financial Services Dividend Announcement

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

Eagle Financial Services Company Profile

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

Bank of Clarke County offers a range of deposit products, including checking, savings and certificates of deposit, along with commercial, residential mortgage and consumer lending. Its services also include online and mobile banking, treasury management and other financial solutions designed for personal and business customers.

The bank traces its history to the establishment of Bank of Clarke County in 1881 and serves communities in Virginia's Northern Shenandoah Valley, including Clarke, Frederick and Loudoun counties and the Winchester area.

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