Eagle Financial Services (NASDAQ:EFSI) Downgraded by Zacks Research to “Strong Sell”

Zacks Research cut shares of Eagle Financial Services (NASDAQ:EFSI) from a hold rating to a strong sell rating in a report released on Tuesday morning,Zacks.com reports.

A number of other brokerages also recently weighed in on EFSI. Freedom Capital upgraded shares of Eagle Financial Services from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 15th. DA Davidson reaffirmed a “neutral” rating and set a $40.00 price objective on shares of Eagle Financial Services in a research note on Monday, July 27th. Finally, Weiss Ratings upgraded shares of Eagle Financial Services from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $42.25.

Eagle Financial Services Trading Down 1.2%

NASDAQ EFSI opened at $42.59 on Tuesday. Eagle Financial Services has a 1 year low of $31.44 and a 1 year high of $44.95. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market capitalization of $230.41 million, a PE ratio of 12.31 and a beta of 0.23. The company has a fifty day moving average of $41.51 and a 200 day moving average of $38.68.

Eagle Financial Services (NASDAQ:EFSI) last issued its earnings results on Thursday, July 23rd. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.37). Eagle Financial Services had a return on equity of 8.44% and a net margin of 15.16%.The company had revenue of $25.56 million during the quarter, compared to analysts’ expectations of $21.29 million. Research analysts forecast that Eagle Financial Services will post 2.71 earnings per share for the current year.

Eagle Financial Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Monday, August 3rd will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.9%. The ex-dividend date is Monday, August 3rd. Eagle Financial Services’s dividend payout ratio is presently 35.84%.

Institutional Trading of Eagle Financial Services

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in shares of Eagle Financial Services in the 2nd quarter worth approximately $14,315,000. Fourthstone LLC boosted its position in Eagle Financial Services by 64.0% in the 4th quarter. Fourthstone LLC now owns 453,918 shares of the company’s stock valued at $18,064,000 after buying an additional 177,132 shares during the period. Vanguard Group Inc. grew its stake in shares of Eagle Financial Services by 105.3% in the third quarter. Vanguard Group Inc. now owns 306,800 shares of the company’s stock worth $11,606,000 after acquiring an additional 157,331 shares in the last quarter. UBS Group AG increased its position in shares of Eagle Financial Services by 2,935.5% during 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 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 valued at $3,264,000 after acquiring an additional 63,756 shares in the last quarter. 0.31% of the stock is currently 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.