Eagle Financial Services (NASDAQ:EFSI) Downgraded to "Strong Sell" Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded Eagle Financial Services to “strong sell” from “sell,” while Zacks Research also assigned a “strong sell” rating. Despite these downgrades, MarketBeat’s overall analyst consensus remains “Moderate Buy,” with an average price target of $42.25.
• EFSI shares opened at $41.53, near their 50-day average of $41.67, with a market capitalization of approximately $224.7 million. The stock has traded between $31.44 and $45.44 over the past year.
• The company’s latest quarterly results were mixed: earnings per share of $0.41 missed the $0.78 consensus estimate, while revenue of $25.56 million exceeded the $21.29 million forecast.

Eagle Financial Services (NASDAQ:EFSI - Get Free Report) was downgraded by Wall Street Zen from a "sell" rating to a "strong sell" rating in a research note issued on Saturday.

Other research analysts have also issued reports about the company. Zacks Research lowered Eagle Financial Services from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 11th. Freedom Capital upgraded Eagle Financial Services from a "hold" rating to a "strong-buy" rating in a report on Friday, May 15th. DA Davidson reaffirmed a "neutral" rating and set a $40.00 price target on shares of Eagle Financial Services in a research report on Monday, July 27th. Finally, Weiss Ratings upgraded Eagle Financial Services from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $42.25.

Eagle Financial Services Trading Down 0.2%

EFSI opened at $41.53 on Friday. The firm's fifty day moving average is $41.67 and its two-hundred day moving average is $38.97. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.01 and a current ratio of 1.02. The firm has a market cap of $224.68 million, a PE ratio of 12.00 and a beta of 0.23. Eagle Financial Services has a twelve month low of $31.44 and a twelve month high of $45.44.

Eagle Financial Services (NASDAQ:EFSI - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $0.41 earnings per share for the quarter, missing analysts' consensus estimates 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 firm had revenue of $25.56 million for the quarter, compared to the consensus estimate of $21.29 million. Equities research analysts anticipate that Eagle Financial Services will post 2.71 EPS for the current year.

Institutional Trading of Eagle Financial Services

A number of hedge funds and other institutional investors have recently made changes to their positions in EFSI. BlackRock Inc. acquired a new position in Eagle Financial Services during the second quarter worth $14,315,000. Fourthstone LLC increased its stake in Eagle Financial Services by 64.0% in the 4th quarter. Fourthstone LLC now owns 453,918 shares of the company's stock valued at $18,064,000 after buying an additional 177,132 shares during the last quarter. Vanguard Group Inc. increased its stake in Eagle Financial Services by 105.3% in the 3rd quarter. Vanguard Group Inc. now owns 306,800 shares of the company's stock valued at $11,606,000 after buying an additional 157,331 shares during the last quarter. UBS Group AG lifted its position in Eagle Financial Services by 2,935.5% during the 4th quarter. UBS Group AG now owns 73,094 shares of the company's stock worth $2,909,000 after buying an additional 70,686 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Eagle Financial Services by 148.9% during the 2nd quarter. Geode Capital Management LLC now owns 106,571 shares of the company's stock worth $3,264,000 after buying an additional 63,756 shares in the last quarter. 0.31% of the stock is currently 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.

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