Eagle Financial Services (NASDAQ:EFSI) Earns Neutral Rating from DA Davidson

Eagle Financial Services (NASDAQ:EFSI)‘s stock had its “neutral” rating restated by research analysts at DA Davidson in a note issued to investors on Monday,Benzinga reports. They currently have a $40.00 price objective on the stock. DA Davidson’s target price would suggest a potential downside of 0.56% from the stock’s current price.

A number of other research firms also recently issued reports on EFSI. Freedom Capital upgraded shares of Eagle Financial Services from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 15th. Weiss Ratings upgraded Eagle Financial Services from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, June 26th. Finally, Zacks Research upgraded shares of Eagle Financial Services from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.25.

Eagle Financial Services Stock Down 0.6%

NASDAQ:EFSI traded down $0.26 during trading hours on Monday, hitting $40.23. The company’s stock had a trading volume of 8,265 shares, compared to its average volume of 29,477. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $217.62 million, a P/E ratio of 11.63 and a beta of 0.22. The stock has a fifty day moving average of $40.89 and a 200-day moving average of $38.52. Eagle Financial Services has a 52-week low of $31.44 and a 52-week high of $44.00.

Eagle Financial Services (NASDAQ:EFSI) last released its quarterly earnings data on Thursday, July 23rd. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.37). Eagle Financial Services had a net margin of 15.16% and a return on equity of 8.44%. The firm had revenue of $22.10 billion for the quarter, compared to analyst estimates of $21.29 million. On average, equities analysts forecast that Eagle Financial Services will post 3.12 earnings per share for the current year.

Hedge Funds Weigh In On Eagle Financial Services

Several institutional investors and hedge funds have recently bought and sold shares of the company. Fourthstone LLC grew its holdings in Eagle Financial Services by 64.0% in the fourth quarter. Fourthstone LLC now owns 453,918 shares of the company’s stock valued at $18,064,000 after purchasing an additional 177,132 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Eagle Financial Services by 105.3% in the third quarter. Vanguard Group Inc. now owns 306,800 shares of the company’s stock valued at $11,606,000 after purchasing an additional 157,331 shares during the period. UBS Group AG boosted its stake in Eagle Financial Services by 2,935.5% during the fourth quarter. UBS Group AG now owns 73,094 shares of the company’s stock worth $2,909,000 after buying an additional 70,686 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Eagle Financial Services by 148.9% in the second quarter. Geode Capital Management LLC now owns 106,571 shares of the company’s stock valued at $3,264,000 after buying an additional 63,756 shares in the last quarter. Finally, United Capital Financial Advisors LLC acquired a new stake in shares of Eagle Financial Services in the 3rd quarter valued at approximately $613,000. 0.31% of the stock is currently owned by institutional investors and hedge funds.

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.