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

Wall Street Zen downgraded shares of Eagle Financial Services (NASDAQ:EFSI) from a sell rating to a strong sell rating in a research report report published on Saturday morning,Wall Street Zen reports.

EFSI has been the subject of a number of other research reports. DA Davidson reaffirmed a “neutral” rating and set a $40.00 target price on shares of Eagle Financial Services in a report on Monday, July 27th. 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. 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. Finally, Freedom Capital raised shares of Eagle Financial Services from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Eagle Financial Services has an average rating of “Moderate Buy” and an average price target of $42.25.

Eagle Financial Services Stock Performance

Shares of NASDAQ:EFSI opened at $41.31 on Friday. 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 business’s 50 day moving average price is $41.66 and its 200-day moving average price is $38.99. The firm has a market capitalization of $223.49 million, a PE ratio of 11.94 and a beta of 0.23. Eagle Financial Services has a 1 year low of $31.44 and a 1 year high of $45.44.

Eagle Financial Services (NASDAQ:EFSI) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.37). The firm had revenue of $25.56 million during the quarter, compared to analyst estimates of $21.29 million. Eagle Financial Services had a net margin of 15.16% and a return on equity of 8.38%. As a group, equities research analysts expect that Eagle Financial Services will post 2.71 earnings per share for the current fiscal year.

Eagle Financial Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 3rd were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.0%. The ex-dividend date was Monday, August 3rd. Eagle Financial Services’s dividend payout ratio (DPR) is presently 35.84%.

Hedge Funds Weigh In On Eagle Financial Services

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Eagle Financial Services in the 2nd quarter valued at approximately $14,315,000. Fourthstone LLC lifted its holdings in Eagle Financial Services by 64.0% in the fourth quarter. Fourthstone LLC now owns 453,918 shares of the company’s stock valued at $18,064,000 after acquiring an additional 177,132 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Eagle Financial Services by 105.3% in the third quarter. Vanguard Group Inc. now owns 306,800 shares of the company’s stock valued at $11,606,000 after acquiring an additional 157,331 shares during the last quarter. UBS Group AG grew its position in 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 acquiring an additional 70,686 shares during the period. Finally, Geode Capital Management LLC grew its position in 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 acquiring an additional 63,756 shares during the period. 0.31% of the stock is currently owned by institutional investors and hedge funds.

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.