DA Davidson analyst Jake Civiello raised the firm's price target on Eagle Financial to $40 from $38 but keeps a Neutral rating on the shares. The company posted disappointing Q1 results due to an elevated loan loss provision expense, and the firm continues to believe that the bank's earnings growth opportunities are limited and that its profitability metric will see little expansion, the analyst tells investors in a research note. Uncertainty in the metro DC market likely clouds investor perception of growth potential, the firm added.
