Eagle Financial Services (NASDAQ:EFSI) Issues Earnings Results

Eagle Financial Services (NASDAQ:EFSI) issued its quarterly earnings data on Monday. The company reported $0.81 earnings per share for the quarter, FiscalAI reports. Eagle Financial Services had a net margin of 9.30% and a return on equity of 10.17%. The firm had revenue of $21.76 million for the quarter.

Eagle Financial Services Trading Down 0.3%

Eagle Financial Services stock traded down $0.13 during mid-day trading on Monday, hitting $39.90. The stock had a trading volume of 10,302 shares, compared to its average volume of 15,088. The stock has a 50-day simple moving average of $38.82 and a two-hundred day simple moving average of $36.92. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $214.66 million, a PE ratio of 17.89 and a beta of 0.21. Eagle Financial Services has a 12 month low of $28.70 and a 12 month high of $41.12.

Insider Transactions at Eagle Financial Services

In other Eagle Financial Services news, Director John D. Stokely, Jr. sold 5,815 shares of the company’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $36.60, for a total transaction of $212,829.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In the last 90 days, insiders have sold 5,949 shares of company stock worth $217,862. Corporate insiders own 12.28% of the company’s stock.

Institutional Investors Weigh In On Eagle Financial Services

A number of institutional investors and hedge funds have recently modified their holdings of EFSI. Goldman Sachs Group Inc. acquired a new position in Eagle Financial Services in the first quarter valued at approximately $287,000. Geode Capital Management LLC raised its position in shares of Eagle Financial Services by 148.9% during the 2nd quarter. Geode Capital Management LLC now owns 106,571 shares of the company’s stock valued at $3,264,000 after acquiring an additional 63,756 shares during the last quarter. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Eagle Financial Services during the 2nd quarter valued at $32,000. Wealthspire Advisors LLC acquired a new position in shares of Eagle Financial Services in the 2nd quarter valued at $298,000. Finally, JPMorgan Chase & Co. bought a new position in shares of Eagle Financial Services in the 2nd quarter worth $67,000. 0.31% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on EFSI. Wall Street Zen downgraded Eagle Financial Services from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. DA Davidson downgraded Eagle Financial Services from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 20th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Eagle Financial Services in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $39.50.

About Eagle Financial Services

Eagle Financial Services, Inc (NASDAQ: EFSI) is the bank holding company for Eagle National Bank, a community-oriented financial institution headquartered in Fredericksburg, Virginia. The company offers a broad range of retail and commercial banking solutions, focusing on personalized service for individuals, small businesses, and nonprofit organizations. Through its subsidiary, Eagle National Bank, it maintains a commitment to local decision-making and relationship-driven service.

Eagle Financial Services provides deposit products including checking and savings accounts, money market funds, certificates of deposit, and individual retirement accounts.