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

Wall Street Zen lowered shares of Eagle Financial Services (NASDAQ:EFSI) from a hold rating to a sell rating in a report published on Saturday morning.

Other analysts have also issued reports about the stock. Freedom Capital upgraded shares of Eagle Financial Services from a “hold” rating to a “strong-buy” rating in a report on Friday, May 15th. Weiss Ratings upgraded Eagle Financial Services from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, June 26th. DA Davidson reaffirmed a “neutral” rating and set a $40.00 target price on shares of Eagle Financial Services in a research note on Monday, July 27th. Finally, Zacks Research downgraded shares of Eagle Financial Services from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $42.25.

Eagle Financial Services Trading Up 0.1%

EFSI stock opened at $43.69 on Friday. Eagle Financial Services has a one year low of $31.44 and a one year high of $45.44. The stock has a market cap of $236.45 million, a price-to-earnings ratio of 12.63 and a beta of 0.23. The company has a fifty day moving average price of $41.65 and a two-hundred day moving average price of $38.75. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 1.01.

Eagle Financial Services (NASDAQ:EFSI) last issued its quarterly earnings data 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 company had revenue of $25.56 million during the quarter, compared to the consensus estimate of $21.29 million. Equities analysts anticipate that Eagle Financial Services will post 2.71 EPS for the current year.

Eagle Financial Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Monday, August 3rd were paid a $0.31 dividend. The ex-dividend date was Monday, August 3rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.8%. Eagle Financial Services’s dividend payout ratio is currently 35.84%.

Institutional Trading of Eagle Financial Services

Several institutional investors have recently made changes to their positions in the business. Russell Investments Group Ltd. purchased a new position in shares of Eagle Financial Services during the 3rd quarter worth approximately $26,000. BNP Paribas Financial Markets raised its holdings in Eagle Financial Services by 82.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,188 shares of the company’s stock worth $45,000 after acquiring an additional 538 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in Eagle Financial Services in the 2nd quarter worth about $67,000. Raymond James Financial Inc. bought a new position in Eagle Financial Services during the second quarter valued at approximately $83,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Eagle Financial Services in the 3rd quarter worth $84,000. 0.31% of the stock is currently owned by institutional investors and hedge funds.

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.