Eagle Financial Services (NASDAQ:EFSI) Downgraded to Strong Sell Rating by Wall Street Zen

Wall Street Zen downgraded shares of Eagle Financial Services (NASDAQ:EFSI) from a sell rating to a strong sell rating in a report issued on Monday morning,Wall Street Zen reports.

Several other analysts have also commented on the company. Zacks Research lowered Eagle Financial Services from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 11th. DA Davidson boosted their target price on Eagle Financial Services from $40.00 to $46.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 9th. Freedom Broker lowered Eagle Financial Services from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 27th. Finally, Weiss Ratings upgraded Eagle Financial Services from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Eagle Financial Services has an average rating of “Moderate Buy” and an average target price of $43.75.

Eagle Financial Services Stock Up 1.2%

Shares of Eagle Financial Services stock opened at $46.05 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The company has a market cap of $249.13 million, a P/E ratio of 13.31 and a beta of 0.23. The firm’s 50 day moving average price is $42.08 and its 200-day moving average price is $39.36. Eagle Financial Services has a 52-week low of $31.44 and a 52-week high of $47.08.

Eagle Financial Services (NASDAQ:EFSI) last announced 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). Eagle Financial Services had a net margin of 15.16% and a return on equity of 8.38%. The firm had revenue of $25.56 million during the quarter, compared to analyst estimates of $21.29 million. On average, sell-side analysts predict that Eagle Financial Services will post 2.71 EPS for the current fiscal year.

Eagle Financial Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Monday, August 3rd were issued a $0.31 dividend. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.7%. Eagle Financial Services’s dividend payout ratio (DPR) is currently 35.84%.

Institutional Investors Weigh In On Eagle Financial Services

Institutional investors and hedge funds have recently made changes to their positions in the stock. UBS Group AG increased its position in shares of Eagle Financial Services by 2,935.5% in the 4th quarter. UBS Group AG now owns 73,094 shares of the company’s stock valued at $2,909,000 after acquiring an additional 70,686 shares during the period. BlackRock Inc. purchased a new position in Eagle Financial Services in the 2nd quarter worth $14,315,000. Susquehanna International Group LLP acquired a new stake in Eagle Financial Services during the 2nd quarter worth about $1,199,000. Bank of New York Mellon Corp acquired a new stake in Eagle Financial Services during the 2nd quarter worth about $651,000. Finally, United Capital Financial Advisors LLC purchased a new stake in Eagle Financial Services during the 2nd quarter valued at about $671,000. 0.31% of the stock is currently owned by institutional investors and hedge funds.

Eagle Financial Services Company Profile

Eagle Financial Services, Inc is a bank holding company headquartered in Berryville, Virginia. Its principal subsidiary, Bank of Clarke, provides community banking services to individuals, families, businesses and organizations.

The bank offers checking and savings accounts, certificates of deposit and other deposit products, along with commercial, real estate, mortgage and consumer lending. Its services also include online and mobile banking, cash-management solutions and other financial services designed for personal and business customers.

Through its branch network and digital channels, Eagle Financial Services serves communities in the Northern Shenandoah Valley and surrounding areas of Virginia.