Eagle Financial Services (NASDAQ:EFSI) Lowered to “Strong Sell” Rating by Zacks Research

Eagle Financial Services (NASDAQ:EFSI) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Tuesday,Zacks.com reports.

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

Eagle Financial Services Stock Down 0.8%

Eagle Financial Services stock opened at $36.79 on Tuesday. Eagle Financial Services has a fifty-two week low of $28.70 and a fifty-two week high of $41.12. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.04 and a current ratio of 1.02. The firm has a 50 day moving average price of $36.02 and a 200 day moving average price of $37.43. The company has a market capitalization of $199.03 million, a PE ratio of 10.45 and a beta of 0.22.

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

Insider Activity at Eagle Financial Services

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

Hedge Funds Weigh In On Eagle Financial Services

Several institutional investors have recently modified their holdings of the business. Millennium Management LLC grew its stake in shares of Eagle Financial Services by 2.2% in the third quarter. Millennium Management LLC now owns 13,581 shares of the company’s stock worth $514,000 after acquiring an additional 288 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Eagle Financial Services by 4.4% in the fourth quarter. Wells Fargo & Company MN now owns 10,771 shares of the company’s stock worth $429,000 after acquiring an additional 458 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Eagle Financial Services by 82.8% in the third quarter. BNP Paribas Financial Markets now owns 1,188 shares of the company’s stock worth $45,000 after acquiring an additional 538 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Eagle Financial Services by 4.1% in the fourth quarter. AQR Capital Management LLC now owns 15,220 shares of the company’s stock worth $606,000 after acquiring an additional 601 shares in the last quarter. Finally, Russell Investments Group Ltd. acquired a new position in shares of Eagle Financial Services in the third quarter worth $26,000. Institutional investors and hedge funds own 0.31% of the company’s stock.

About Eagle Financial Services

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.