Eagle Financial Services (NASDAQ:EFSI) Stock Rating Lowered by Wall Street Zen

Eagle Financial Services (NASDAQ:EFSI) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

Several other research firms have also recently commented on EFSI. DA Davidson restated a “neutral” rating and set a $40.00 price target on shares of Eagle Financial Services in a research note 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. Zacks Research downgraded shares of Eagle Financial Services from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 11th. Finally, Weiss Ratings upgraded shares of Eagle Financial Services from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Eagle Financial Services has an average rating of “Moderate Buy” and an average target price of $42.25.

Eagle Financial Services Stock Performance

NASDAQ:EFSI opened at $43.66 on Friday. Eagle Financial Services has a 12-month low of $31.44 and a 12-month high of $44.95. The firm has a market cap of $236.20 million, a PE ratio of 12.62 and a beta of 0.23. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.15. The stock has a fifty day moving average price of $41.61 and a 200 day moving average price of $38.73.

Eagle Financial Services (NASDAQ:EFSI) last issued 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). Eagle Financial Services had a return on equity of 8.38% and a net margin of 15.16%.The business had revenue of $25.56 million for the quarter, compared to analyst estimates of $21.29 million. Sell-side analysts anticipate that Eagle Financial Services will post 2.71 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. purchased a new position in Eagle Financial Services during the third quarter worth about $26,000. BNP Paribas Financial Markets grew its holdings in Eagle Financial Services by 82.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,188 shares of the company’s stock valued at $45,000 after buying an additional 538 shares during the period. JPMorgan Chase & Co. acquired a new position in shares of Eagle Financial Services during the 2nd quarter valued at about $67,000. Raymond James Financial Inc. acquired a new position in shares of Eagle Financial Services during the 2nd quarter valued at about $83,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Eagle Financial Services during the 3rd quarter worth about $84,000. 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.