Eagle Financial Services (NASDAQ:EFSI) Downgraded by Freedom Broker to “Hold”

Eagle Financial Services (NASDAQ:EFSI) was downgraded by analysts at Freedom Broker from a “strong-buy” rating to a “hold” rating in a report released on Thursday,Zacks.com reports.

Several other equities research analysts have also weighed in on the company. DA Davidson restated a “neutral” rating and set a $40.00 price target on shares of Eagle Financial Services in a research report on Monday, July 27th. Wall Street Zen lowered Eagle Financial Services from a “sell” rating to a “strong sell” rating in a research report on Saturday. Zacks Research downgraded shares of Eagle Financial Services from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 11th. Freedom Capital upgraded shares of Eagle Financial Services from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 15th. Finally, 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. One investment 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $42.25.

Eagle Financial Services Stock Performance

Shares of EFSI opened at $41.53 on Thursday. The company has a 50-day simple moving average of $41.67 and a two-hundred day simple moving average of $38.97. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 1.01. The firm has a market capitalization of $224.68 million, a PE ratio of 12.00 and a beta of 0.23. Eagle Financial Services has a one year low of $31.44 and a one year high of $45.44.

Eagle Financial Services (NASDAQ:EFSI) last posted its 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). 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 for the quarter, compared to analysts’ expectations of $21.29 million. On average, analysts anticipate that Eagle Financial Services will post 2.71 EPS for the current fiscal year.

Hedge Funds Weigh In On Eagle Financial Services

Hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. bought a new position in Eagle Financial Services in the 3rd quarter worth about $26,000. BNP Paribas Financial Markets increased its stake in Eagle Financial Services by 82.8% during the 3rd 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 in the last quarter. JPMorgan Chase & Co. purchased a new position in Eagle Financial Services in the second quarter worth about $67,000. Raymond James Financial Inc. bought a new position in shares of Eagle Financial Services in the second quarter worth approximately $83,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Eagle Financial Services in the third quarter worth approximately $84,000. 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.