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

Key Points

• Wall Street Zen downgraded Eagle Financial Services to “Sell” from “Hold,” while Zacks Research lowered its rating to “Strong Sell.” Despite the negative calls, analysts’ overall consensus remains “Moderate Buy,” with a $42.25 target price.
• EFSI shares rose 0.9% to $43.66, near their 52-week high of $44.95, with a market capitalization of approximately $236 million and a price-to-earnings ratio of 12.62.
• 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 investors own only 0.31% of the stock.

Eagle Financial Services (NASDAQ:EFSI - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued on Saturday.

A number of other equities analysts have also weighed in on the stock. Zacks Research lowered shares of Eagle Financial Services from a "hold" rating to a "strong sell" rating in a research report on Tuesday. DA Davidson reiterated a "neutral" rating and issued a $40.00 target price on shares of Eagle Financial Services in a research note on Monday, July 27th. Weiss Ratings raised shares of Eagle Financial Services from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, June 26th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $42.25.

Eagle Financial Services Stock Up 0.9%

Shares of NASDAQ EFSI opened at $43.66 on Friday. Eagle Financial Services has a one year low of $31.44 and a one year high of $44.95. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 1.02. The business's fifty day moving average price is $41.61 and its 200-day moving average price is $38.73. The stock has a market capitalization of $236.29 million, a PE ratio of 12.62 and a beta of 0.23.

Eagle Financial Services (NASDAQ:EFSI - Get Free Report) last posted its quarterly 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). Eagle Financial Services had a return on equity of 8.38% and a net margin of 15.16%.The firm had revenue of $25.56 million for the quarter, compared to the consensus estimate of $21.29 million. On average, equities research analysts anticipate that Eagle Financial Services will post 2.71 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Millennium Management LLC grew its holdings in Eagle Financial Services by 2.2% during the 3rd quarter. Millennium Management LLC now owns 13,581 shares of the company's stock valued at $514,000 after buying an additional 288 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Eagle Financial Services by 4.4% during the fourth quarter. Wells Fargo & Company MN now owns 10,771 shares of the company's stock valued at $429,000 after buying an additional 458 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of Eagle Financial Services by 82.8% in the third quarter. BNP Paribas Financial Markets now owns 1,188 shares of the company's stock worth $45,000 after buying an additional 538 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Eagle Financial Services by 4.1% in the fourth quarter. AQR Capital Management LLC now owns 15,220 shares of the company's stock worth $606,000 after buying an additional 601 shares in the last quarter. Finally, Russell Investments Group Ltd. bought a new position in shares of Eagle Financial Services in the third quarter valued at approximately $26,000. Institutional investors own 0.31% of the company's stock.

Eagle Financial Services Company Profile

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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