DA Davidson Has Bullish Estimate for EFSI FY2025 Earnings

Key Points

• DA Davidson has increased its FY2025 earnings per share (EPS) estimate for Eagle Financial Services (EFSI) from $3.20 to $3.85, maintaining a "Buy" rating and a $40.00 price target.
• Eagle Financial Services reported a quarterly EPS of $0.98, surpassing forecasts, and recently announced a quarterly dividend of $0.31 per share.
• Institutional investor activity is notable, with several firms purchasing significant positions in Eagle Financial Services during the first quarter of the year, indicating increasing interest in the stock.

Eagle Financial Services Inc. (NASDAQ:EFSI - Free Report) - DA Davidson increased their FY2025 earnings per share estimates for Eagle Financial Services in a research note issued on Thursday, July 31st. DA Davidson analyst M. Navas now expects that the company will post earnings per share of $3.85 for the year, up from their prior forecast of $3.20. DA Davidson has a "Buy" rating and a $40.00 price target on the stock. DA Davidson also issued estimates for Eagle Financial Services' FY2026 earnings at $4.05 EPS.

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

Several other brokerages have also recently weighed in on EFSI. Wall Street Zen upgraded Eagle Financial Services from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Keefe, Bruyette & Woods boosted their price target on shares of Eagle Financial Services from $38.00 to $39.00 and gave the stock an "outperform" rating in a research note on Monday.

Eagle Financial Services Trading Up 0.2%

Shares of EFSI traded up $0.07 during trading hours on Monday, reaching $33.07. 4,979 shares of the company traded hands, compared to its average volume of 28,139. The stock has a fifty day moving average of $31.84. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 0.54. Eagle Financial Services has a 12-month low of $28.70 and a 12-month high of $36.93. The stock has a market capitalization of $177.85 million, a price-to-earnings ratio of 15.31 and a beta of 0.26.

Eagle Financial Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Monday, August 4th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Monday, August 4th. Eagle Financial Services's dividend payout ratio is presently 57.41%.

Insiders Place Their Bets

In other news, Director Scott M. Hamberger purchased 849 shares of Eagle Financial Services stock in a transaction on Friday, May 23rd. The shares were purchased at an average cost of $31.00 per share, for a total transaction of $26,319.00. Following the completion of the transaction, the director directly owned 9,571 shares in the company, valued at approximately $296,701. This represents a 9.73% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders bought 1,923 shares of company stock valued at $60,219. Corporate insiders own 8.70% of the company's stock.

Institutional Investors Weigh In On Eagle Financial Services

Institutional investors have recently modified their holdings of the business. Evermay Wealth Management LLC bought a new stake in shares of Eagle Financial Services in the first quarter valued at $86,000. Howe & Rusling Inc. bought a new position in Eagle Financial Services in the first quarter worth approximately $213,000. Goldman Sachs Group Inc. bought a new position in shares of Eagle Financial Services in the first quarter worth about $287,000. Persistent Asset Partners Ltd bought a new position in Eagle Financial Services during the first quarter valued at $687,000. Finally, Mendon Capital Advisors Corp purchased a new position in Eagle Financial Services in the 1st quarter worth about $1,640,000. Institutional investors own 0.31% of the company's stock.

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.