Eagle Financial Services (NASDAQ:EFSI) Rating Lowered to Hold at Freedom Broker

Key Points

• Freedom Broker downgraded Eagle Financial Services to “hold” from “strong buy.” Despite mixed analyst opinions, the stock retains a “Moderate Buy” consensus rating with an average price target of $42.25.
• EFSI shares opened at $41.53, near the 50-day moving average, 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 reported quarterly earnings of $0.41 per share, missing the $0.78 consensus estimate, although revenue of $25.56 million exceeded expectations of $21.29 million. Institutional ownership remains low at 0.31%.

Eagle Financial Services (NASDAQ:EFSI - Get Free Report) was downgraded by investment analysts at Freedom Broker from a "strong-buy" rating to a "hold" rating in a report issued on Thursday,Zacks.com reports.

Several other analysts have also issued reports on EFSI. Weiss Ratings upgraded shares of Eagle Financial Services from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, June 26th. Wall Street Zen cut Eagle Financial Services from a "sell" rating to a "strong sell" rating in a report on Saturday. Zacks Research lowered Eagle Financial Services from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 11th. DA Davidson reaffirmed a "neutral" rating and issued a $40.00 price target on shares of Eagle Financial Services in a research note on Monday, July 27th. Finally, Freedom Capital upgraded Eagle Financial Services from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. 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 Stock Down 0.2%

Shares of EFSI opened at $41.53 on Thursday. Eagle Financial Services has a 1 year low of $31.44 and a 1 year high of $45.44. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 1.01. The stock has a 50 day simple moving average of $41.67 and a two-hundred day simple moving average of $38.97. The firm has a market cap of $224.68 million, a P/E ratio of 12.00 and a beta of 0.23.

Eagle Financial Services (NASDAQ:EFSI - Get Free Report) last announced its quarterly earnings data 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). The business had revenue of $25.56 million during the quarter, compared to the consensus estimate of $21.29 million. Eagle Financial Services had a return on equity of 8.38% and a net margin of 15.16%. On average, analysts forecast that Eagle Financial Services will post 2.71 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. bought a new stake in shares of Eagle Financial Services in the 3rd quarter worth approximately $26,000. BNP Paribas Financial Markets raised its holdings in shares of Eagle Financial Services by 82.8% during the third quarter. BNP Paribas Financial Markets now owns 1,188 shares of the company's stock valued at $45,000 after acquiring an additional 538 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in Eagle Financial Services in the second quarter worth $67,000. Raymond James Financial Inc. purchased a new stake in Eagle Financial Services in the second quarter worth $83,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Eagle Financial Services in the third quarter valued at $84,000. 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.

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