Eagle Financial Services (NASDAQ:EFSI) Rating Lowered to Strong Sell at Wall Street Zen

Eagle Financial Services (NASDAQ:EFSI) was downgraded by Wall Street Zen from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Monday, Wall Street Zen reports.

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

Eagle Financial Services Stock Performance

Shares of EFSI stock opened at $46.58 on Monday. The company’s 50-day moving average is $42.21 and its 200 day moving average is $39.43. Eagle Financial Services has a one year low of $31.44 and a one year high of $47.52. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.01 and a current ratio of 1.02. The company has a market capitalization of $252.00 million, a price-to-earnings ratio of 13.46 and a beta of 0.23.

Eagle Financial Services (NASDAQ:EFSI) last announced its quarterly earnings data 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). Eagle Financial Services had a return on equity of 8.38% and a net margin of 15.16%.The firm had revenue of $25.56 million during the quarter, compared to analysts’ expectations of $21.29 million. Sell-side analysts expect that Eagle Financial Services will post 2.71 EPS for the current fiscal year.

Hedge Funds Weigh In On Eagle Financial Services

Large investors have recently added to or reduced their stakes in the company. UBS Group AG increased its holdings in shares of Eagle Financial Services by 2,935.5% in the fourth 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. BlackRock Inc. purchased a new stake in shares of Eagle Financial Services during the 2nd quarter worth approximately $14,315,000. Susquehanna International Group LLP purchased a new stake in shares of Eagle Financial Services during the 2nd quarter worth approximately $1,199,000. Bank of New York Mellon Corp bought a new position in shares of Eagle Financial Services during the 2nd quarter valued at approximately $651,000. Finally, United Capital Financial Advisors LLC bought a new position in shares of Eagle Financial Services during the 2nd quarter valued at approximately $671,000. Hedge funds and other institutional investors own 0.31% of the company’s stock.

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.