Freedom Capital Upgrades Eagle Financial Services (NASDAQ:EFSI) to “Strong-Buy”

Eagle Financial Services (NASDAQ:EFSI) was upgraded by equities research analysts at Freedom Capital from a “hold” rating to a “strong-buy” rating in a research note issued on Friday,Zacks.com reports.

EFSI has been the topic of several other reports. Weiss Ratings raised 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 Eagle Financial Services in a report on Monday, February 9th. Zacks Research lowered Eagle Financial Services from a “hold” rating to a “strong sell” rating in a report on Tuesday. DA Davidson reissued a “neutral” rating and set a $40.00 target price on shares of Eagle Financial Services in a report on Monday, May 11th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Eagle Financial Services from $42.00 to $43.00 and gave the stock an “outperform” rating in a report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $42.25.

Eagle Financial Services Stock Performance

Shares of NASDAQ EFSI opened at $37.24 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.02 and a quick ratio of 1.04. The stock’s fifty day moving average price is $36.12 and its two-hundred day moving average price is $37.43. Eagle Financial Services has a one year low of $28.70 and a one year high of $41.12. The firm has a market cap of $201.47 million, a price-to-earnings ratio of 10.58 and a beta of 0.22.

Eagle Financial Services (NASDAQ:EFSI) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $0.69 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, equities analysts forecast that Eagle Financial Services will post 3.12 EPS for the current year.

Insiders Place Their Bets

In other Eagle Financial Services news, Director Scott M. Hamberger acquired 909 shares of Eagle Financial Services stock in a transaction that occurred on Wednesday, March 11th. The shares were acquired at an average cost of $33.00 per share, with a total value of $29,997.00. Following the completion of the purchase, the director directly owned 2,550 shares of the company’s stock, valued at $84,150. This represents a 55.39% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 7.12% of the stock is owned by company insiders.

Institutional Trading of Eagle Financial Services

Several large investors have recently bought and sold shares of EFSI. Goldman Sachs Group Inc. acquired a new stake in Eagle Financial Services in the first quarter valued at about $287,000. Geode Capital Management LLC boosted its stake in Eagle Financial Services by 148.9% in the second quarter. Geode Capital Management LLC now owns 106,571 shares of the company’s stock valued at $3,264,000 after buying an additional 63,756 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in Eagle Financial Services in the second quarter valued at about $67,000. New York State Common Retirement Fund acquired a new stake in Eagle Financial Services in the second quarter valued at about $101,000. Finally, Raymond James Financial Inc. acquired a new stake in Eagle Financial Services in the second quarter valued at about $83,000. 0.31% of the stock is owned by institutional investors and hedge funds.

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.