Eagle Financial Services (NASDAQ:EFSI) Price Target Raised to $43.00

Eagle Financial Services (NASDAQ:EFSI) had its price target lifted by Keefe, Bruyette & Woods from $42.00 to $43.00 in a report issued on Thursday,Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other brokerages have also recently commented on EFSI. Weiss Ratings reissued a “hold (c+)” rating on shares of Eagle Financial Services in a report on Monday, December 29th. Wall Street Zen cut Eagle Financial Services from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Finally, DA Davidson downgraded Eagle Financial Services from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Eagle Financial Services presently has an average rating of “Hold” and an average price target of $41.50.

Eagle Financial Services Stock Up 0.4%

Eagle Financial Services stock opened at $38.31 on Thursday. The business has a 50 day simple moving average of $39.21 and a 200-day simple moving average of $37.10. Eagle Financial Services has a 12 month low of $28.70 and a 12 month high of $41.12. The stock has a market capitalization of $206.11 million, a PE ratio of 29.47 and a beta of 0.21. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.04 and a quick ratio of 1.04.

Eagle Financial Services (NASDAQ:EFSI) last issued its quarterly earnings results on Monday, January 26th. The company reported $0.81 EPS for the quarter. The company had revenue of $21.76 million during the quarter. Eagle Financial Services had a net margin of 7.76% and a return on equity of 9.99%.

Eagle Financial Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Monday, February 2nd will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Monday, February 2nd. This represents a $1.24 dividend on an annualized basis and a yield of 3.2%. Eagle Financial Services’s payout ratio is 95.38%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Wealthspire Advisors LLC purchased a new position in Eagle Financial Services during the second quarter worth about $298,000. Choreo LLC acquired a new stake in Eagle Financial Services during the second quarter worth $1,849,000. Graham Capital Wealth Management LLC purchased a new stake in Eagle Financial Services in the second quarter valued at $3,777,000. BNP Paribas Financial Markets raised its position in Eagle Financial Services by 82.8% in the third quarter. BNP Paribas Financial Markets now owns 1,188 shares of the company’s stock valued at $45,000 after purchasing an additional 538 shares during the period. Finally, Russell Investments Group Ltd. acquired a new position in shares of Eagle Financial Services in the 3rd quarter valued at $26,000. Hedge funds and other institutional investors own 0.31% of the company’s stock.

Eagle Financial Services Company Profile

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.