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

Eagle Financial Services (NASDAQ:EFSI) was upgraded by Wall Street Zen from a “strong sell” rating to a “sell” rating in a report released on Sunday, Wall Street Zen reports.

A number of other analysts also recently commented on EFSI. DA Davidson restated a “neutral” rating and issued a $40.00 target price on shares of Eagle Financial Services in a research note on Monday, July 27th. Weiss Ratings upgraded Eagle Financial Services from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, June 26th. Freedom Capital raised Eagle Financial Services from a “hold” rating to a “strong-buy” rating in a report on Friday, May 15th. Freedom Broker lowered Eagle Financial Services from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 27th. Finally, Zacks Research cut shares of Eagle Financial Services from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $42.25.

Eagle Financial Services Stock Performance

Shares of Eagle Financial Services stock opened at $41.90 on Friday. The stock has a market cap of $226.68 million, a PE ratio of 12.11 and a beta of 0.23. The firm has a fifty day moving average price of $41.62 and a 200 day moving average price of $39.09. Eagle Financial Services has a 1 year low of $31.44 and a 1 year high of $45.44. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 1.01.

Eagle Financial Services (NASDAQ:EFSI) last posted 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). The business had revenue of $25.56 million during the quarter, compared to analysts’ expectations of $21.29 million. Eagle Financial Services had a net margin of 15.16% and a return on equity of 8.38%. Equities research analysts predict that Eagle Financial Services will post 2.71 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Millennium Management LLC grew its stake in Eagle Financial Services by 2.2% in the 3rd quarter. Millennium Management LLC now owns 13,581 shares of the company’s stock valued at $514,000 after acquiring an additional 288 shares during the period. Wells Fargo & Company MN raised its position in Eagle Financial Services by 4.4% during the fourth quarter. Wells Fargo & Company MN now owns 10,771 shares of the company’s stock worth $429,000 after acquiring an additional 458 shares during the period. BNP Paribas Financial Markets lifted its holdings in Eagle Financial Services by 82.8% during 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 in the last quarter. AQR Capital Management LLC lifted its holdings in Eagle Financial Services by 4.1% during the fourth quarter. AQR Capital Management LLC now owns 15,220 shares of the company’s stock valued at $606,000 after purchasing an additional 601 shares in the last quarter. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Eagle Financial Services in the third quarter valued at about $26,000. 0.31% of the stock is 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.