Eagle Financial Services (NASDAQ:EFSI) Lowered to “Hold” Rating by Freedom Capital

Freedom Capital downgraded shares of Eagle Financial Services (NASDAQ:EFSI) from a strong-buy rating to a hold rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other brokerages have also weighed in on EFSI. Capital One Financial set a $43.00 price objective on shares of Eagle Financial Services in a report on Monday. Wall Street Zen lowered Eagle Financial Services from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Eagle Financial Services in a report on Monday, December 29th. Keefe, Bruyette & Woods upped their price objective on Eagle Financial Services from $42.00 to $43.00 and gave the stock an “outperform” rating in a research report on Thursday, January 29th. Finally, DA Davidson lowered Eagle Financial Services from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 20th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $42.25.

Eagle Financial Services Stock Down 0.2%

NASDAQ EFSI traded down $0.09 during trading hours on Monday, hitting $39.00. 11,495 shares of the company were exchanged, compared to its average volume of 15,474. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.37. The firm has a market cap of $209.82 million, a price-to-earnings ratio of 30.00 and a beta of 0.20. The company has a 50 day moving average of $39.43 and a two-hundred day moving average of $37.35. Eagle Financial Services has a 52-week low of $28.70 and a 52-week high of $41.12.

Eagle Financial Services (NASDAQ:EFSI) last announced its quarterly earnings data on Monday, January 26th. The company reported $0.81 EPS for the quarter. The business had revenue of $21.76 million during the quarter. Eagle Financial Services had a return on equity of 9.99% and a net margin of 7.76%.

Eagle Financial Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Monday, February 2nd will be given a dividend of $0.31 per share. The ex-dividend date is Monday, February 2nd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.2%. Eagle Financial Services’s payout ratio is 95.38%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. purchased a new stake in Eagle Financial Services in the third quarter valued at approximately $26,000. Police & Firemen s Retirement System of New Jersey purchased a new position in shares of Eagle Financial Services during the second quarter worth approximately $32,000. CWM LLC acquired a new position in shares of Eagle Financial Services in the 3rd quarter valued at $45,000. BNP Paribas Financial Markets increased its holdings in shares of Eagle Financial Services by 82.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,188 shares of the company’s stock valued at $45,000 after acquiring an additional 538 shares during the period. Finally, Daytona Street Capital LLC purchased a new stake in Eagle Financial Services in the 4th quarter valued at $60,000. Hedge funds and other 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.