Eagle Financial initiated with an Outperform at Keefe Bruyette

Keefe Bruyette initiated coverage of Eagle Financial (EFSI) with an Outperform rating and $40 price target which represents a potential total return of 27% over the next year. With February’s equity raise now complete, Eagle is focused on enhancing profitability, the analyst tells investors in a research note. The firm says the company’s earnings should benefit in the near term from the balance sheet repositioning, while longer-term improvement will be supported by steady fixed loan repricing and an improving loan growth outlook.