Eagle Financial Services (NASDAQ:EFSI) Stock Rating Upgraded by Zacks Research

Eagle Financial Services (NASDAQ:EFSI) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

A number of other equities research analysts have also recently issued reports on EFSI. DA Davidson restated a “neutral” rating and set a $40.00 price target on shares of Eagle Financial Services in a report on Monday, May 11th. 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, Freedom Capital upgraded Eagle Financial Services from a “hold” rating to a “strong-buy” rating in a report on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $42.25.

Eagle Financial Services Price Performance

Shares of Eagle Financial Services stock opened at $41.90 on Monday. The firm has a fifty day simple moving average of $40.21 and a 200-day simple moving average of $38.42. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.16. Eagle Financial Services has a 1-year low of $31.44 and a 1-year high of $44.00. The stock has a market capitalization of $226.68 million, a price-to-earnings ratio of 11.90 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 (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $20.85 million during the quarter, compared to analyst estimates of $21.18 million. On average, sell-side analysts expect that Eagle Financial Services will post 3.12 earnings per share for the current year.

Hedge Funds Weigh In On Eagle Financial Services

Several hedge funds and other institutional investors have recently modified their holdings of EFSI. Fourthstone LLC grew its position in Eagle Financial Services by 64.0% in the fourth quarter. Fourthstone LLC now owns 453,918 shares of the company’s stock valued at $18,064,000 after acquiring an additional 177,132 shares during the period. Vanguard Group Inc. lifted its holdings in shares of 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 acquiring an additional 157,331 shares during the period. UBS Group AG lifted its holdings in shares of Eagle Financial Services by 2,935.5% during the fourth quarter. UBS Group AG now owns 73,094 shares of the company’s stock valued at $2,909,000 after acquiring an additional 70,686 shares during the period. Geode Capital Management LLC boosted its stake in shares of Eagle Financial Services by 148.9% in the 2nd 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. Finally, United Capital Financial Advisors LLC acquired a new stake in shares of Eagle Financial Services in the 3rd quarter valued at $613,000. Institutional investors 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.