Eagle Financial Services (NASDAQ:EFSI) Cut to Hold at DA Davidson

Key Points

• Eagle Financial Services was downgraded from a "strong-buy" to a "hold" rating by DA Davidson, indicating a shift in analysts' confidence regarding the stock.
• Despite the downgrade, Keefe, Bruyette & Woods raised their price target on the stock from $38.00 to $39.00, giving it an "outperform" rating.
• The stock currently has a consensus rating of "Hold" with an average price target of $39.50, reflecting mixed investor sentiments from various analysts.

Eagle Financial Services (NASDAQ:EFSI - Get Free Report) was downgraded by DA Davidson from a "strong-buy" rating to a "hold" rating in a research report issued on Monday,Zacks.com reports.

Several other research analysts also recently weighed in on EFSI. Keefe, Bruyette & Woods increased their price target on Eagle Financial Services from $38.00 to $39.00 and gave the stock an "outperform" rating in a research note on Monday, August 4th. Wall Street Zen upgraded Eagle Financial Services from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Eagle Financial Services in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $39.50.

Eagle Financial Services Trading Up 0.8%

Shares of Eagle Financial Services stock opened at $36.71 on Monday. Eagle Financial Services has a 1 year low of $28.70 and a 1 year high of $40.03. The firm has a market cap of $197.50 million, a PE ratio of 17.00 and a beta of 0.28. The stock has a fifty day moving average price of $36.92 and a 200-day moving average price of $33.44. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.03 and a quick ratio of 1.03.

Eagle Financial Services (NASDAQ:EFSI - Get Free Report) last announced its earnings results on Friday, February 11th. The company reported $1.13 earnings per share (EPS) for the quarter. Eagle Financial Services had a return on equity of 9.87% and a net margin of 7.45%.The firm had revenue of $14.45 million during the quarter.

Institutional Investors Weigh In On Eagle Financial Services

A number of hedge funds have recently made changes to their positions in the business. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of Eagle Financial Services in the 2nd quarter valued at $32,000. CWM LLC purchased a new position in Eagle Financial Services in the 3rd quarter worth approximately $45,000. JPMorgan Chase & Co. purchased a new position in Eagle Financial Services in the 2nd quarter worth approximately $67,000. Evermay Wealth Management LLC purchased a new position in Eagle Financial Services in the 1st quarter worth approximately $86,000. Finally, Raymond James Financial Inc. purchased a new position in Eagle Financial Services in the 2nd quarter worth approximately $83,000. 0.31% of the stock is currently owned by institutional investors.

About Eagle Financial Services

Eagle Financial Services, Inc operates as the bank holding company for Bank of Clarke County that provides various retail and commercial banking products and services in the Shenandoah Valley and Northern Virginia. The company's deposit products include checking, NOW, money market, and regular savings accounts; and demand and time deposits.

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