Eagle Financial Services (NASDAQ:EFSI) Downgraded by Zacks Research to Strong Sell

Zacks Research lowered shares of Eagle Financial Services (NASDAQ:EFSI) from a hold rating to a strong sell rating in a report released on Tuesday morning,Zacks.com reports.

Several other research analysts also recently commented on EFSI. DA Davidson reaffirmed a “neutral” rating and issued a $40.00 price objective on shares of Eagle Financial Services in a research note on Monday. Weiss Ratings raised Eagle Financial Services from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday. Loop Capital set a $43.00 target price on Eagle Financial Services in a research note on Monday, February 9th. Keefe, Bruyette & Woods lifted their target price on Eagle Financial Services from $42.00 to $43.00 and gave the company an “outperform” rating in a research note on Thursday, January 29th. Finally, Freedom Capital downgraded Eagle Financial Services from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $42.25.

Eagle Financial Services Stock Down 0.8%

NASDAQ EFSI opened at $36.79 on Tuesday. The stock’s 50-day moving average price is $36.02 and its 200-day moving average price is $37.43. The company has a quick ratio of 1.04, a current ratio of 1.02 and a debt-to-equity ratio of 0.16. Eagle Financial Services has a 52 week low of $28.70 and a 52 week high of $41.12. The company has a market capitalization of $199.03 million, a P/E ratio of 10.45 and a beta of 0.22.

Eagle Financial Services (NASDAQ:EFSI) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $0.69 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.17). Eagle Financial Services had a return on equity of 10.17% and a net margin of 15.81%.The company had revenue of $20.85 million during the quarter, compared to the consensus estimate of $21.18 million. On average, equities research analysts predict that Eagle Financial Services will post 3.12 earnings per share for the current year.

Eagle Financial Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Monday, May 4th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Monday, May 4th. This represents a $1.24 dividend on an annualized basis and a yield of 3.4%. Eagle Financial Services’s payout ratio is presently 35.23%.

Insider Transactions at Eagle Financial Services

In other news, Director Scott M. Hamberger acquired 909 shares of Eagle Financial Services stock in a transaction on Wednesday, March 11th. The shares were acquired at an average price of $33.00 per share, with a total value of $29,997.00. Following the purchase, the director directly owned 2,550 shares in the company, valued at $84,150. The trade was a 55.39% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 7.12% of the stock is currently owned by insiders.

Institutional Trading of Eagle Financial Services

A number of large investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Eagle Financial Services during the 3rd quarter valued at approximately $84,000. BNP Paribas Financial Markets increased its position in shares of Eagle Financial Services by 82.8% during the 3rd 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 last quarter. Russell Investments Group Ltd. bought a new position in shares of Eagle Financial Services during the 3rd quarter valued at approximately $26,000. Bank of America Corp DE increased its position in shares of Eagle Financial Services by 73.9% during the 2nd quarter. Bank of America Corp DE now owns 6,881 shares of the company’s stock valued at $211,000 after purchasing an additional 2,925 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Eagle Financial Services during the 2nd quarter valued at approximately $83,000. 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.