Eagle Financial Services (NASDAQ:EFSI) Releases Quarterly Earnings Results, Misses Estimates By $0.33 EPS

Eagle Financial Services (NASDAQ:EFSI) released its quarterly earnings results on Thursday. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.33), FiscalAI reports. The business had revenue of $22.10 billion for the quarter, compared to analysts’ expectations of $21.29 million. Eagle Financial Services had a return on equity of 10.17% and a net margin of 15.81%.

Eagle Financial Services Stock Up 0.4%

NASDAQ EFSI traded up $0.15 on Thursday, hitting $41.45. 50,996 shares of the stock were exchanged, compared to its average volume of 29,234. Eagle Financial Services has a fifty-two week low of $31.44 and a fifty-two week high of $44.00. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.16. The company has a market cap of $224.24 million, a PE ratio of 11.78 and a beta of 0.22. The company has a 50-day moving average price of $40.74 and a 200-day moving average price of $38.50.

Institutional Investors Weigh In On Eagle Financial Services

Several hedge funds have recently modified their holdings of EFSI. Russell Investments Group Ltd. acquired a new position in Eagle Financial Services during the third quarter worth approximately $26,000. BNP Paribas Financial Markets grew its position in Eagle Financial Services by 82.8% during the third quarter. BNP Paribas Financial Markets now owns 1,188 shares of the company’s stock valued at $45,000 after acquiring an additional 538 shares during the period. JPMorgan Chase & Co. purchased a new stake in Eagle Financial Services during the second quarter valued at about $67,000. Raymond James Financial Inc. acquired a new stake in Eagle Financial Services during the second quarter worth about $83,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Eagle Financial Services in the 3rd quarter worth about $84,000. 0.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EFSI has been the topic of several recent analyst reports. DA Davidson restated a “neutral” rating and issued a $40.00 price objective on shares of Eagle Financial Services in a report on Monday, May 11th. Weiss Ratings raised Eagle Financial Services from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, June 26th. Freedom Capital upgraded Eagle Financial Services from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 15th. Finally, Zacks Research raised Eagle Financial Services from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Eagle Financial Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.25.

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.