Keefe, Bruyette & Woods Raises Eagle Financial Services (NASDAQ:EFSI) Price Target to $39.00

Key Points

• Keefe, Bruyette & Woods has raised the price target for Eagle Financial Services (NASDAQ:EFSI) from $38.00 to $39.00, indicating a potential upside of 18.18% from its previous close.
• The firm recently reported an earnings per share (EPS) of $0.98, surpassing analysts' expectations by $0.16, with revenues totaling $20.61 million during the last quarter.
• Insider transactions have been notable, with Director Scott M. Hamberger purchasing 849 shares at an average cost of $31.00, demonstrating increased confidence in the company's stock.

Eagle Financial Services (NASDAQ:EFSI - Get Free Report) had its price target lifted by research analysts at Keefe, Bruyette & Woods from $38.00 to $39.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Keefe, Bruyette & Woods' price target would indicate a potential upside of 18.18% from the stock's previous close.

EFSI has been the subject of several other reports. DA Davidson upped their price objective on Eagle Financial Services from $39.00 to $40.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Wall Street Zen raised Eagle Financial Services from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th.

Eagle Financial Services Price Performance

Shares of EFSI stock traded up $0.29 on Monday, reaching $33.00. 7,229 shares of the stock were exchanged, compared to its average volume of 28,538. The company has a market capitalization of $177.47 million, a PE ratio of 15.28 and a beta of 0.26. Eagle Financial Services has a one year low of $28.70 and a one year high of $36.93. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 0.54. The firm's 50 day moving average price is $31.75.

Eagle Financial Services (NASDAQ:EFSI - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The company reported $0.98 EPS for the quarter, beating analysts' consensus estimates 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 business had revenue of $20.61 million during the quarter.

Insider Buying and Selling at Eagle Financial Services

In other news, Director Scott M. Hamberger bought 849 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The stock was acquired at an average cost of $31.00 per share, with a total value of $26,319.00. Following the transaction, the director directly owned 9,571 shares of the company's stock, valued at approximately $296,701. This represents a 9.73% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders bought 1,923 shares of company stock valued at $60,219. Company insiders own 8.70% of the company's stock.

Institutional Trading of Eagle Financial Services

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. bought a new stake in Eagle Financial Services in the 1st quarter valued at about $287,000. Howe & Rusling Inc. bought a new stake in Eagle Financial Services in the 1st quarter valued at about $213,000. Mendon Capital Advisors Corp bought a new stake in Eagle Financial Services in the 1st quarter valued at about $1,640,000. EJF Capital LLC acquired a new position in Eagle Financial Services during the 1st quarter valued at about $5,194,000. Finally, Azora Capital LP acquired a new position in Eagle Financial Services during the 1st quarter valued at about $3,275,000. 0.31% of the stock is owned by institutional investors.

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.

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