Eagle Financial Services (NASDAQ:EFSI) Price Target Raised to $40.00 at DA Davidson

Key Points

• DA Davidson has raised its target price for Eagle Financial Services (NASDAQ:EFSI) from $39.00 to $40.00, indicating a potential upside of nearly 20% from the company's previous close.
• Wall Street Zen has upgraded its rating on Eagle Financial Services shares from "hold" to "buy," suggesting a positive outlook for the stock.
• In the last quarter, Eagle Financial Services reported earnings per share of $0.98, exceeding analysts' estimates by $0.16, with a net margin of 7.45% and revenue of $20.61 million.

Eagle Financial Services (NASDAQ:EFSI - Free Report) had its target price increased by DA Davidson from $39.00 to $40.00 in a research note released on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock. DA Davidson also issued estimates for Eagle Financial Services' Q3 2025 earnings at $1.16 EPS.

Separately, Wall Street Zen upgraded Eagle Financial Services from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th.

Eagle Financial Services Trading Up 0.0%

EFSI traded up $0.01 on Wednesday, hitting $33.02. 22,116 shares of the stock traded hands, compared to its average volume of 15,491. Eagle Financial Services has a 52 week low of $28.70 and a 52 week high of $36.93. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 0.54. The company has a market cap of $177.58 million, a price-to-earnings ratio of 15.29 and a beta of 0.26. The business has a fifty day moving average of $31.75.

Eagle Financial Services (NASDAQ:EFSI - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.16. Eagle Financial Services had a return on equity of 10.62% and a net margin of 7.45%. The firm had revenue of $20.61 million for the quarter.

Eagle Financial Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Monday, August 4th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Monday, August 4th. Eagle Financial Services's payout ratio is presently 57.41%.

Insiders Place Their Bets

In related news, Director Scott M. Hamberger acquired 849 shares of the firm's stock in a transaction on Friday, May 23rd. The shares were bought at an average cost of $31.00 per share, with a total value of $26,319.00. Following the completion of the acquisition, the director owned 9,571 shares of the company's stock, valued at $296,701. This trade represents a 9.73% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders purchased 1,923 shares of company stock worth $60,219 over the last 90 days. 8.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Eagle Financial Services

A number of institutional investors have recently added to or reduced their stakes in the stock. Evermay Wealth Management LLC acquired a new position in shares of Eagle Financial Services in the 1st quarter worth approximately $86,000. Goldman Sachs Group Inc. acquired a new position in shares of Eagle Financial Services in the 1st quarter worth approximately $287,000. Howe & Rusling Inc. acquired a new position in shares of Eagle Financial Services in the 1st quarter worth approximately $213,000. Mendon Capital Advisors Corp acquired a new position in shares of Eagle Financial Services in the 1st quarter worth approximately $1,640,000. Finally, EJF Capital LLC acquired a new position in shares of Eagle Financial Services in the 1st quarter worth approximately $5,194,000. 0.31% of the stock is owned by institutional investors and hedge funds.

About Eagle Financial Services

Eagle Financial Services, Inc operates as the bank holding company for Bank of Clarke County that provides various retail and commercial banking products and services in the Shenandoah Valley and Northern Virginia. The company's deposit products include checking, NOW, money market, and regular savings accounts; and demand and time deposits.