Eagle Financial Services (NASDAQ:EFSI) Rating Lowered to Strong Sell at Wall Street Zen

Eagle Financial Services (NASDAQ:EFSI) was downgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “strong sell” rating in a research note issued on Saturday.

EFSI has been the topic of several other research reports. Freedom Capital raised shares of Eagle Financial Services from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 15th. DA Davidson reissued a “neutral” rating and set a $40.00 price target on shares of Eagle Financial Services in a report on Monday, July 27th. Weiss Ratings upgraded Eagle Financial Services from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, June 26th. Finally, Zacks Research lowered Eagle Financial Services from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Eagle Financial Services currently has an average rating of “Moderate Buy” and a consensus target price of $42.25.

Eagle Financial Services Price Performance

EFSI stock opened at $41.53 on Friday. The stock has a market capitalization of $224.68 million, a P/E ratio of 12.00 and a beta of 0.23. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 1.01. Eagle Financial Services has a 1-year low of $31.44 and a 1-year high of $45.44. The business has a fifty day moving average price of $41.67 and a 200-day moving average price of $38.97.

Eagle Financial Services (NASDAQ:EFSI) last released its quarterly earnings data on Thursday, July 23rd. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.37). Eagle Financial Services had a net margin of 15.16% and a return on equity of 8.38%. The business had revenue of $25.56 million for the quarter, compared to analysts’ expectations of $21.29 million. Equities analysts forecast that Eagle Financial Services will post 2.71 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Fourthstone LLC boosted its stake in Eagle Financial Services by 64.0% in the 4th quarter. Fourthstone LLC now owns 453,918 shares of the company’s stock worth $18,064,000 after purchasing an additional 177,132 shares during the period. BlackRock Inc. bought a new position in shares of Eagle Financial Services during the second quarter worth $14,315,000. Vanguard Group Inc. boosted its holdings in shares of Eagle Financial Services by 105.3% during the 3rd 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 last quarter. Geode Capital Management LLC increased its holdings 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 worth $3,264,000 after purchasing an additional 63,756 shares during the last quarter. Finally, UBS Group AG increased its holdings in shares of Eagle Financial Services by 2,935.5% in the fourth quarter. UBS Group AG now owns 73,094 shares of the company’s stock worth $2,909,000 after purchasing an additional 70,686 shares during the last quarter. 0.31% of the stock is owned by hedge funds and other institutional investors.

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.