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

Key Points

• Wall Street Zen downgraded Eagle Financial Services to “Strong Sell” from “Sell,” while analyst opinions remain mixed. MarketBeat reports an overall “Moderate Buy” consensus and an average price target of $43.75.
• EFSI shares opened at $45.52, near their 52-week high of $47.07, with a market capitalization of approximately $246 million. The stock trades at a price-to-earnings ratio of 13.16.
• The company reported quarterly EPS of $0.41, missing the $0.78 consensus estimate, although revenue of $25.56 million exceeded expectations of $21.29 million. Analysts expect full-year EPS of approximately $2.71.

Eagle Financial Services (NASDAQ:EFSI - Get Free Report) was downgraded by analysts at Wall Street Zen from a "sell" rating to a "strong sell" rating in a note issued to investors on Monday, Wall Street Zen reports.

Other equities analysts also recently issued reports about the company. Weiss Ratings upgraded Eagle Financial Services from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, June 26th. Freedom Broker cut Eagle Financial Services from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 27th. Zacks Research downgraded Eagle Financial Services from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 11th. Finally, DA Davidson lifted their price objective on shares of Eagle Financial Services from $40.00 to $46.00 and gave the company a "neutral" rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $43.75.

Eagle Financial Services Stock Performance

Shares of EFSI stock opened at $45.52 on Monday. The firm has a market capitalization of $246.26 million, a PE ratio of 13.16 and a beta of 0.23. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The company has a 50 day moving average price of $41.97 and a 200-day moving average price of $39.30. Eagle Financial Services has a 52 week low of $31.44 and a 52 week high of $47.07.

Eagle Financial Services (NASDAQ:EFSI - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.78 by ($0.37). The firm had revenue of $25.56 million during the quarter, compared to analysts' expectations of $21.29 million. Eagle Financial Services had a return on equity of 8.38% and a net margin of 15.16%. As a group, equities research analysts expect that Eagle Financial Services will post 2.71 earnings per share for the current year.

Institutional Trading of Eagle Financial Services

Several institutional investors have recently made changes to their positions in EFSI. Goldman Sachs Group Inc. purchased a new stake in Eagle Financial Services during the 1st quarter worth about $287,000. Geode Capital Management LLC boosted its position in shares of 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 acquiring an additional 63,756 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in shares of Eagle Financial Services in the 2nd quarter valued at about $67,000. New York State Common Retirement Fund purchased a new position in shares of Eagle Financial Services in the 2nd quarter valued at about $101,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Eagle Financial Services during the 2nd quarter worth about $83,000. Hedge funds and other 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.