Freedom Broker Downgrades Eagle Financial Services (NASDAQ:EFSI) 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 research note issued to investors on Thursday,Zacks.com reports.

Other research analysts have also recently issued research reports about the company. Freedom Capital raised Eagle Financial Services from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 15th. Zacks Research downgraded Eagle Financial Services from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 11th. DA Davidson reaffirmed a “neutral” rating and issued a $40.00 target price on shares of Eagle Financial Services in a research note on Monday, July 27th. Wall Street Zen lowered shares of Eagle Financial Services from a “sell” rating to a “strong sell” rating in a report on Saturday. Finally, Weiss Ratings upgraded shares of Eagle Financial Services from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, June 26th. One research 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 assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.25.

Eagle Financial Services Stock Down 0.2%

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

Eagle Financial Services (NASDAQ:EFSI) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $0.41 EPS 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 the consensus estimate of $21.29 million. On average, equities analysts predict that Eagle Financial Services will post 2.71 EPS for the current fiscal year.

Institutional Trading of Eagle Financial Services

Several institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. bought a new position in Eagle Financial Services in the 1st quarter valued at approximately $287,000. Geode Capital Management LLC raised its stake in shares of Eagle Financial Services by 148.9% in the second quarter. Geode Capital Management LLC now owns 106,571 shares of the company’s stock worth $3,264,000 after purchasing an additional 63,756 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in shares of Eagle Financial Services in the second quarter worth $67,000. New York State Common Retirement Fund purchased a new stake in shares of Eagle Financial Services during the second quarter valued at $101,000. Finally, Raymond James Financial Inc. bought a new stake in Eagle Financial Services in the 2nd quarter worth about $83,000. 0.31% of the stock is owned by hedge funds and other institutional investors.

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.