Eagle Financial Services (NASDAQ:EFSI) Rating Lowered to Strong Sell at Zacks Research

Eagle Financial Services (NASDAQ:EFSI) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Tuesday,Zacks.com reports.

Several other research firms have also recently commented on EFSI. Freedom Capital upgraded Eagle Financial Services from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 15th. DA Davidson reiterated a “neutral” rating and set a $40.00 price objective on shares of Eagle Financial Services in a research report on Monday, July 27th. Finally, Weiss Ratings upgraded shares of Eagle Financial Services from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Eagle Financial Services has a consensus rating of “Moderate Buy” and an average price target of $42.25.

Eagle Financial Services Stock Performance

NASDAQ EFSI opened at $42.59 on Tuesday. The company has a market capitalization of $230.41 million, a PE ratio of 12.31 and a beta of 0.23. The company has a 50-day simple moving average of $41.51 and a 200 day simple moving average of $38.68. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.02 and a current ratio of 1.02. Eagle Financial Services has a 52-week low of $31.44 and a 52-week high of $44.95.

Eagle Financial Services (NASDAQ:EFSI) last posted its earnings results on Thursday, July 23rd. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.37). The business had revenue of $25.56 million during the quarter, compared to analysts’ expectations of $21.29 million. Eagle Financial Services had a return on equity of 8.44% and a net margin of 15.16%. On average, research analysts predict that Eagle Financial Services will post 2.71 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in Eagle Financial Services in the 2nd quarter worth about $14,315,000. Fourthstone LLC grew its stake in shares of Eagle Financial Services by 64.0% during the 4th quarter. Fourthstone LLC now owns 453,918 shares of the company’s stock valued at $18,064,000 after purchasing an additional 177,132 shares during the period. Vanguard Group Inc. increased its holdings in Eagle Financial Services by 105.3% during the third quarter. Vanguard Group Inc. now owns 306,800 shares of the company’s stock valued at $11,606,000 after buying an additional 157,331 shares during the last quarter. UBS Group AG increased its stake in shares of Eagle Financial Services by 2,935.5% in the 4th 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 in the last quarter. Finally, Geode Capital Management LLC lifted its position in Eagle Financial Services by 148.9% during the second quarter. Geode Capital Management LLC now owns 106,571 shares of the company’s stock valued at $3,264,000 after purchasing an additional 63,756 shares in the last quarter. 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.