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

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

EFSI has been the topic of a number of other research reports. 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. Freedom Capital raised shares of Eagle Financial Services from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 15th. Zacks Research lowered shares of Eagle Financial Services from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 11th. Finally, DA Davidson reissued a “neutral” rating and set a $40.00 price target on shares of Eagle Financial Services in a research report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Eagle Financial Services has a consensus rating of “Moderate Buy” and an average price target of $42.25.

Eagle Financial Services Stock Down 0.2%

NASDAQ:EFSI opened at $41.53 on Friday. The company has a market cap of $224.76 million, a PE ratio of 12.00 and a beta of 0.23. The stock has a 50-day simple moving average of $41.67 and a 200 day simple moving average of $38.97. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.01 and a current ratio of 1.02. Eagle Financial Services has a 52-week low of $31.44 and a 52-week high of $45.44.

Eagle Financial Services (NASDAQ:EFSI) last released its quarterly earnings results on Thursday, July 23rd. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.37). The firm 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 8.38% and a net margin of 15.16%. On average, sell-side analysts expect that Eagle Financial Services will post 2.71 EPS for the current fiscal year.

Eagle Financial Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Monday, August 3rd were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Monday, August 3rd. Eagle Financial Services’s payout ratio is currently 35.84%.

Institutional Investors Weigh In On Eagle Financial Services

A number of large investors have recently added to or reduced their stakes in EFSI. Millennium Management LLC boosted its position in Eagle Financial Services by 2.2% during the third quarter. Millennium Management LLC now owns 13,581 shares of the company’s stock worth $514,000 after purchasing an additional 288 shares during the period. Wells Fargo & Company MN raised its position in shares of Eagle Financial Services by 4.4% in the fourth quarter. Wells Fargo & Company MN now owns 10,771 shares of the company’s stock valued at $429,000 after purchasing an additional 458 shares during the period. BNP Paribas Financial Markets raised its position 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 valued at $45,000 after purchasing an additional 538 shares during the period. AQR Capital Management LLC lifted its stake in shares of Eagle Financial Services by 4.1% during the 4th quarter. AQR Capital Management LLC now owns 15,220 shares of the company’s stock worth $606,000 after buying an additional 601 shares during the last quarter. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Eagle Financial Services during the 3rd quarter worth about $26,000. Institutional investors 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.