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

Eagle Financial Services (NASDAQ:EFSI) 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.

EFSI has been the topic of a number of other research reports. Weiss Ratings raised Eagle Financial Services from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, June 26th. Freedom Capital raised Eagle Financial Services from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 15th. Finally, DA Davidson reiterated a “neutral” rating and set a $40.00 price target on shares of Eagle Financial Services in a report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Eagle Financial Services presently has a consensus rating of “Moderate Buy” and an average price target of $42.25.

Eagle Financial Services Stock Down 1.2%

Shares of NASDAQ EFSI opened at $42.59 on Tuesday. The stock has a market cap of $230.41 million, a PE ratio of 12.31 and a beta of 0.23. 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 has a 12-month low of $31.44 and a 12-month high of $44.95. The company has a 50-day moving average of $41.51 and a 200 day moving average of $38.68.

Eagle Financial Services (NASDAQ:EFSI) last issued 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 company 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, sell-side analysts predict that Eagle Financial Services will post 2.71 EPS for the current fiscal year.

Institutional Investors Weigh In On Eagle Financial Services

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. UBS Group AG increased its position in shares of Eagle Financial Services by 2,935.5% during the 4th quarter. UBS Group AG now owns 73,094 shares of the company’s stock worth $2,909,000 after purchasing an additional 70,686 shares during the last quarter. Bank of America Corp DE lifted its position in Eagle Financial Services by 11.7% in the first quarter. Bank of America Corp DE now owns 10,374 shares of the company’s stock valued at $363,000 after buying an additional 1,086 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Eagle Financial Services in the third quarter valued at about $84,000. BNP Paribas Financial Markets boosted its stake in Eagle Financial Services by 82.8% during 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 during the period. Finally, Russell Investments Group Ltd. purchased a new position in Eagle Financial Services during the third quarter worth about $26,000. Institutional investors and hedge funds 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.