Weiss Ratings Reaffirms "Hold (C)" Rating for Eagle Financial Services (NASDAQ:EFSI)

Key Points

• Weiss Ratings has restated its "Hold (C)" rating for Eagle Financial Services (NASDAQ:EFSI), amidst mixed sentiments from other analysts.
• Despite a recent upgrade from Wall Street Zen to a "Buy" rating, Eagle Financial also received a downgrade to "Hold" from DA Davidson, indicating varied opinions on the stock's performance.
• Eagle Financial Services reported $1.04 earnings per share and revenue of $22.36 million for the latest quarter, underlining its financial stability.

Eagle Financial Services (NASDAQ:EFSI - Get Free Report)'s stock had its "hold (c)" rating restated by stock analysts at Weiss Ratings in a research note issued on Friday,Weiss Ratings reports.

A number of other analysts also recently issued reports on the stock. Wall Street Zen upgraded shares of Eagle Financial Services from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Keefe, Bruyette & Woods raised their target price on shares of Eagle Financial Services from $38.00 to $39.00 and gave the company an "outperform" rating in a research report on Monday, August 4th. Finally, DA Davidson lowered shares of Eagle Financial Services from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 20th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Eagle Financial Services presently has an average rating of "Hold" and a consensus target price of $39.50.

Eagle Financial Services Stock Performance

Shares of Eagle Financial Services stock opened at $37.38 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market cap of $201.10 million, a price-to-earnings ratio of 16.76 and a beta of 0.28. The stock's 50-day moving average is $37.13 and its 200-day moving average is $33.58. Eagle Financial Services has a one year low of $28.70 and a one year high of $40.03.

Eagle Financial Services (NASDAQ:EFSI - Get Free Report) last posted its quarterly earnings data on Thursday, October 23rd. The company reported $1.04 earnings per share (EPS) for the quarter. The business had revenue of $22.36 million during the quarter. Eagle Financial Services had a return on equity of 10.61% and a net margin of 9.30%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Eagle Financial Services during the 2nd quarter worth about $32,000. CWM LLC bought a new position in Eagle Financial Services during the third quarter worth about $45,000. JPMorgan Chase & Co. acquired a new position in Eagle Financial Services during the second quarter worth approximately $67,000. Raymond James Financial Inc. bought a new stake in Eagle Financial Services in the second quarter valued at approximately $83,000. Finally, Evermay Wealth Management LLC bought a new stake in Eagle Financial Services in the first quarter valued at approximately $86,000. Institutional investors own 0.31% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.