Eagle Financial Services (NASDAQ:EFSI) Shares Down 0.4% - Time to Sell?

Key Points

• EFSI shares slipped 0.4% to $45.58 in low-volume trading, while its market capitalization stood at approximately $246.6 million.
• Analyst sentiment is mixed but averages to a “Moderate Buy” rating, with an average price target of $43.75. Recent ratings ranged from “Strong Buy” to “Strong Sell.”
• The company reported quarterly EPS of $0.41, missing estimates by $0.37, despite revenue exceeding expectations; it also maintains a quarterly dividend of $0.31, yielding about 2.7%.

Eagle Financial Services Inc. (NASDAQ:EFSI - Get Free Report) was down 0.4% during mid-day trading on Wednesday. The company traded as low as $45.22 and last traded at $45.58. Approximately 22,091 shares were traded during trading, a decline of 46% from the average session volume of 41,157 shares. The stock had previously closed at $45.76.

Analyst Ratings Changes

Several analysts have commented on EFSI shares. DA Davidson lifted their price objective on shares of Eagle Financial Services from $40.00 to $46.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 9th. Weiss Ratings restated a "buy (b)" rating on shares of Eagle Financial Services in a research note on Tuesday, September 22nd. Zacks Research raised shares of Eagle Financial Services from a "strong sell" rating to a "hold" rating in a report on Friday, September 25th. Wall Street Zen downgraded Eagle Financial Services from a "sell" rating to a "strong sell" rating in a research note on Monday, September 14th. Finally, Freedom Broker lowered Eagle Financial Services from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 27th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Eagle Financial Services presently has an average rating of "Moderate Buy" and an average target price of $43.75.

Eagle Financial Services Trading Down 0.4%

The firm's 50-day moving average price is $43.61 and its 200-day moving average price is $40.77. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The company has a market cap of $246.59 million, a P/E ratio of 13.17 and a beta of 0.21.

Eagle Financial Services (NASDAQ:EFSI - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.37). Eagle Financial Services had a return on equity of 8.38% and a net margin of 15.16%.The business had revenue of $25.56 million during the quarter, compared to the consensus estimate of $21.29 million. As a group, equities research analysts expect that Eagle Financial Services Inc. 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. Stockholders of record on Monday, August 3rd were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Monday, August 3rd. Eagle Financial Services's dividend payout ratio (DPR) is presently 35.84%.

Hedge Funds Weigh In On Eagle Financial Services

Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. purchased a new position in Eagle Financial Services during the 2nd quarter valued at about $14,315,000. Susquehanna International Group LLP bought a new position in shares of Eagle Financial Services in the second quarter valued at approximately $1,199,000. Dimensional Fund Advisors LP boosted its position in shares of Eagle Financial Services by 53.2% in the first quarter. Dimensional Fund Advisors LP now owns 24,095 shares of the company's stock valued at $843,000 after acquiring an additional 8,371 shares during the period. United Capital Financial Advisors LLC purchased a new position in Eagle Financial Services during the second quarter valued at approximately $671,000. Finally, Bank of New York Mellon Corp purchased a new position in Eagle Financial Services during the second quarter valued at approximately $651,000. 0.31% of the stock is currently owned by hedge funds and other institutional investors.

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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