Eagle Financial Services (NASDAQ:EFSI) Price Target Raised 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 investment analysts at Keefe, Bruyette & Woods from $38.00 to $39.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has an "outperform" rating on the stock. Keefe, Bruyette & Woods' target price would indicate a potential upside of 17.29% from the stock's previous close.

A number of other equities research analysts have also weighed in on the stock. DA Davidson raised their price objective on shares of Eagle Financial Services from $39.00 to $40.00 and gave the company a "buy" rating in a report on Wednesday, July 30th. Wall Street Zen raised Eagle Financial Services from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th.

Eagle Financial Services Stock Up 0.8%

NASDAQ:EFSI traded up $0.25 during midday trading on Monday, hitting $33.25. The stock had a trading volume of 1,166 shares, compared to its average volume of 27,983. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 0.54. Eagle Financial Services has a one year low of $28.70 and a one year high of $36.93. The company's 50-day simple moving average is $31.86. The stock has a market capitalization of $178.89 million, a P/E ratio of 15.39 and a beta of 0.26.

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

Insider Transactions at Eagle Financial Services

In other Eagle Financial Services news, Director Scott M. Hamberger acquired 849 shares of the company's stock in a transaction dated Friday, May 23rd. The stock was bought at an average price of $31.00 per share, with a total value of $26,319.00. Following the completion of the transaction, the director directly owned 9,571 shares of the company's stock, valued at approximately $296,701. The trade was a 9.73% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders have bought 1,923 shares of company stock valued at $60,219. 8.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Eagle Financial Services

Several hedge funds have recently modified their holdings of the company. Wellington Management Group LLP acquired a new stake in shares of Eagle Financial Services during the 1st quarter valued at $11,007,000. EJF Capital LLC bought a new stake in shares of Eagle Financial Services during the first quarter worth $5,194,000. Azora Capital LP acquired a new position in shares of Eagle Financial Services in the 1st quarter valued at $3,275,000. Jacobs Asset Management LLC bought a new stake in Eagle Financial Services in the first quarter valued at approximately $2,565,000. Finally, Geode Capital Management LLC grew its holdings in shares of Eagle Financial Services by 148.9% during the second quarter. Geode Capital Management LLC now owns 106,571 shares of the company's stock worth $3,264,000 after buying an additional 63,756 shares in the last quarter. 0.31% of the stock is currently owned by institutional investors and hedge funds.

Eagle Financial Services Company Profile

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.