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

Eagle Financial Services (NASDAQ:EFSI) was downgraded by 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.

A number of other brokerages have also weighed in on EFSI. Keefe, Bruyette & Woods upped their target price on shares of Eagle Financial Services from $42.00 to $43.00 and gave the stock an “outperform” rating in a research note on Thursday, January 29th. Loop Capital set a $43.00 target price on shares of Eagle Financial Services in a research note on Monday, February 9th. Freedom Capital lowered shares of Eagle Financial Services from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 9th. DA Davidson reaffirmed a “neutral” rating and issued a $40.00 target price on shares of Eagle Financial Services in a research note on Monday. Finally, Weiss Ratings raised shares of Eagle Financial Services from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $42.25.

Eagle Financial Services Price Performance

Shares of EFSI stock opened at $36.79 on Tuesday. Eagle Financial Services has a 12-month low of $28.70 and a 12-month high of $41.12. The firm has a market capitalization of $199.03 million, a price-to-earnings ratio of 10.45 and a beta of 0.22. The company has a quick ratio of 1.04, a current ratio of 1.02 and a debt-to-equity ratio of 0.16. The firm has a fifty day moving average of $36.02 and a 200-day moving average of $37.43.

Eagle Financial Services (NASDAQ:EFSI) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $0.69 earnings per share (EPS) 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 firm had revenue of $20.85 million during the quarter, compared to analyst estimates of $21.18 million. On average, equities research analysts forecast that Eagle Financial Services will post 3.12 earnings per share for the current year.

Insider Activity

In other news, Director Scott M. Hamberger bought 909 shares of the company’s stock in a transaction dated Wednesday, March 11th. The shares were bought at an average cost of $33.00 per share, with a total value of $29,997.00. Following the acquisition, the director owned 2,550 shares in the company, valued at $84,150. This trade represents a 55.39% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 7.12% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Russell Investments Group Ltd. acquired a new position in Eagle Financial Services in the 3rd quarter valued at about $26,000. BNP Paribas Financial Markets boosted its position in shares of Eagle Financial Services by 82.8% during the 3rd 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. CWM LLC bought a new position in Eagle Financial Services in the 3rd quarter valued at approximately $45,000. Daytona Street Capital LLC bought a new stake in shares of Eagle Financial Services during the fourth quarter worth $60,000. Finally, JPMorgan Chase & Co. bought a new stake in shares of Eagle Financial Services during the second quarter worth $67,000. Institutional investors and hedge funds 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.