Eagle Financial Services (NASDAQ:EFSI) Downgraded to Strong Sell Rating by Zacks Research

Key Points

• Zacks Research downgraded Eagle Financial Services from “hold” to “strong sell,” although other analysts remain more positive; the stock’s overall consensus rating is “Moderate Buy” with an average price target of $42.25.
• Eagle Financial Services reported quarterly EPS of $0.41, missing the $0.78 consensus estimate by $0.37, while revenue of $25.56 million exceeded analysts’ $21.29 million forecast.
• Shares opened at $42.59 and have traded between $31.44 and $44.95 over the past year. Institutional investors and hedge funds own a limited 0.31% stake in the company.

Eagle Financial Services (NASDAQ:EFSI - Get Free Report) was downgraded by analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other research firms have also commented on EFSI. Freedom Capital upgraded shares of Eagle Financial Services from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 15th. DA Davidson reiterated a "neutral" rating and issued a $40.00 price objective on shares of Eagle Financial Services in a research report on Monday, July 27th. Finally, Weiss Ratings raised shares of Eagle Financial Services from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $42.25.

Eagle Financial Services Trading Down 1.2%

Shares of NASDAQ:EFSI opened at $42.59 on Tuesday. Eagle Financial Services has a 12-month low of $31.44 and a 12-month high of $44.95. The company has a market capitalization of $230.41 million, a PE ratio of 12.31 and a beta of 0.23. The business has a 50 day moving average of $41.51 and a two-hundred day moving average of $38.68. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.16.

Eagle Financial Services (NASDAQ:EFSI - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $0.41 EPS for the quarter, missing analysts' consensus estimates of $0.78 by ($0.37). The firm had revenue of $25.56 million for the quarter, compared to analyst estimates of $21.29 million. Eagle Financial Services had a return on equity of 8.44% and a net margin of 15.16%. As a group, analysts forecast that Eagle Financial Services will post 2.71 EPS for the current year.

Hedge Funds Weigh In On Eagle Financial Services

A number of large investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. acquired a new stake in shares of Eagle Financial Services in the third quarter valued at about $26,000. BNP Paribas Financial Markets raised its position in shares of Eagle Financial Services by 82.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,188 shares of the company's stock worth $45,000 after purchasing an additional 538 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in Eagle Financial Services in the 2nd quarter valued at about $67,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Eagle Financial Services in the 3rd quarter valued at about $84,000. Finally, Raymond James Financial Inc. purchased a new position in Eagle Financial Services in the 2nd quarter valued at about $83,000. 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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