Eagle Financial Services (NASDAQ:EFSI) Upgraded to Sell at Wall Street Zen

Key Points

• Wall Street Zen upgraded Eagle Financial Services from “strong sell” to “sell,” while analysts remain divided; MarketBeat reports a consensus “Moderate Buy” rating and a $42.25 target price.
• EFSI opened at $41.90, near its 50-day average of $41.60, with a $226.68 million market capitalization and a 52-week range of $31.44 to $45.44.
• 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.

Eagle Financial Services (NASDAQ:EFSI - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "strong sell" rating to a "sell" rating in a report released on Sunday, Wall Street Zen reports.

Several other research analysts have also weighed in on EFSI. Freedom Capital upgraded shares of Eagle Financial Services from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 15th. Zacks Research lowered shares of Eagle Financial Services from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 11th. DA Davidson restated a "neutral" rating and set a $40.00 price target on shares of Eagle Financial Services in a report on Monday, July 27th. Freedom Broker downgraded shares of Eagle Financial Services from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 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 research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.25.

Eagle Financial Services Stock Performance

NASDAQ:EFSI opened at $41.90 on Friday. The firm's 50 day moving average is $41.60 and its two-hundred day moving average is $39.07. The company has a market cap of $226.68 million, a P/E ratio of 12.11 and a beta of 0.23. Eagle Financial Services has a fifty-two week low of $31.44 and a fifty-two week high of $45.44. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

Eagle Financial Services (NASDAQ:EFSI - Get Free Report) last released 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). The business had revenue of $25.56 million for the quarter, compared to analysts' expectations of $21.29 million. Eagle Financial Services had a net margin of 15.16% and a return on equity of 8.38%. Analysts expect that Eagle Financial Services will post 2.71 EPS for the current year.

Institutional Trading of Eagle Financial Services

Several large investors have recently made changes to their positions in the stock. California State Teachers Retirement System boosted its stake in shares of Eagle Financial Services by 986.7% during the 2nd quarter. California State Teachers Retirement System now owns 2,695 shares of the company's stock worth $112,000 after acquiring an additional 2,447 shares in the last quarter. Susquehanna International Group LLP acquired a new stake in Eagle Financial Services in the 2nd quarter worth approximately $1,199,000. United Capital Financial Advisors LLC acquired a new stake in Eagle Financial Services in the 2nd quarter worth approximately $671,000. Bank of America Corp DE acquired a new position in Eagle Financial Services during the second quarter valued at approximately $392,000. Finally, Expressive Wealth LLC bought a new position in shares of Eagle Financial Services in the second quarter valued at approximately $434,000. 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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source