Eagle Financial Services (NASDAQ:EFSI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Eagle Financial Services (NASDAQ:EFSI) from a strong sell rating to a sell rating in a research report report published on Sunday,Wall Street Zen reports.

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

Eagle Financial Services Stock Up 10.4%

Shares of NASDAQ EFSI opened at $46.27 on Friday. The company has a market capitalization of $250.32 million, a P/E ratio of 13.37 and a beta of 0.23. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.01 and a current ratio of 1.02. Eagle Financial Services has a 52-week low of $31.44 and a 52-week high of $46.95. The company’s 50 day moving average price is $41.72 and its 200-day moving average price is $39.14.

Eagle Financial Services (NASDAQ:EFSI) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $25.56 million for the quarter, compared to the consensus estimate of $21.29 million. Equities analysts forecast that Eagle Financial Services will post 2.71 earnings per share for the current year.

Eagle Financial Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Monday, August 3rd were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Monday, August 3rd. Eagle Financial Services’s dividend payout ratio (DPR) is 35.84%.

Institutional Investors Weigh In On Eagle Financial Services

Hedge funds and other institutional investors have recently made changes to their positions in the business. Russell Investments Group Ltd. acquired a new stake in shares of Eagle Financial Services in the 3rd quarter worth about $26,000. BNP Paribas Financial Markets increased its holdings in Eagle Financial Services by 82.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,188 shares of the company’s stock worth $45,000 after purchasing an additional 538 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in Eagle Financial Services during the 2nd quarter worth approximately $67,000. Raymond James Financial Inc. purchased a new stake in shares of Eagle Financial Services in the second quarter worth approximately $83,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Eagle Financial Services in the third quarter valued at approximately $84,000. 0.31% of the stock is owned by 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.