Eagle Financial Services (NASDAQ:EFSI) Releases Earnings Results, Beats Expectations By $0.05 EPS

Key Points

• Eagle Financial Services beat quarterly expectations: The company reported earnings of $0.93 per share, $0.05 above estimates, while revenue reached $22.93 million versus the $22.09 million consensus.
• Shares rose 1.3% to $46.51 following the results. The stock has a market capitalization of approximately $251.6 million and trades near its 52-week high of $48.17.
• Analyst sentiment remains mixed but leans positive, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $43.75.

Eagle Financial Services (NASDAQ:EFSI - Get Free Report) released its quarterly earnings results on Thursday. The company reported $0.93 earnings per share for the quarter, beating analysts' consensus estimates of $0.88 by $0.05, Zacks reports. Eagle Financial Services had a return on equity of 8.38% and a net margin of 15.16%. The business had revenue of $22.93 million during the quarter, compared to analyst estimates of $22.09 million.

Eagle Financial Services Stock Up 1.3%

NASDAQ:EFSI traded up $0.61 during mid-day trading on Thursday, reaching $46.51. The stock had a trading volume of 111,992 shares, compared to its average volume of 35,247. The stock has a market cap of $251.62 million, a P/E ratio of 13.44 and a beta of 0.21. The business's 50 day moving average is $44.45 and its 200 day moving average is $41.58. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 1.01. Eagle Financial Services has a fifty-two week low of $31.44 and a fifty-two week high of $48.17.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Freedom Broker lowered shares of Eagle Financial Services from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 27th. Zacks Research upgraded shares of Eagle Financial Services from a "strong sell" rating to a "hold" rating in a research report on Friday, September 25th. DA Davidson increased their target price on Eagle Financial Services from $40.00 to $46.00 and gave the company a "neutral" rating in a report on Wednesday, September 9th. Wall Street Zen cut Eagle Financial Services from a "sell" rating to a "strong sell" rating in a research report on Monday, September 14th. Finally, Weiss Ratings reissued 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 given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $43.75.

About Eagle Financial Services

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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