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

Wall Street Zen cut shares of Eagle Financial Services (NASDAQ:EFSI) from a sell rating to a strong sell rating in a report issued on Monday morning,Wall Street Zen reports.

A number of other equities analysts also recently weighed in on the company. DA Davidson boosted their price target on Eagle Financial Services from $40.00 to $46.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 9th. Zacks Research lowered Eagle Financial Services from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 11th. Freedom Broker downgraded Eagle Financial Services from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 27th. Finally, Weiss Ratings raised Eagle Financial Services from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, two have given 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 stock has an average rating of “Moderate Buy” and a consensus target price of $43.75.

Eagle Financial Services Trading Down 1.8%

NASDAQ EFSI opened at $45.76 on Monday. Eagle Financial Services has a 12 month low of $31.44 and a 12 month high of $48.17. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.15. The stock has a 50 day moving average of $42.32 and a 200-day moving average of $39.49. The company has a market cap of $247.56 million, a PE ratio of 13.23 and a beta of 0.23.

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

Eagle Financial Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 3rd were paid a $0.31 dividend. The ex-dividend date was Monday, August 3rd. This represents a $1.24 annualized dividend and a yield of 2.7%. Eagle Financial Services’s payout ratio is 35.84%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. UBS Group AG increased its position in 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. BlackRock Inc. bought a new stake in Eagle Financial Services in the 2nd quarter valued at about $14,315,000. Susquehanna International Group LLP acquired a new position in shares of Eagle Financial Services during the 2nd quarter worth approximately $1,199,000. Bank of New York Mellon Corp bought a new position in shares of Eagle Financial Services during the second quarter worth approximately $651,000. Finally, United Capital Financial Advisors LLC bought a new position in shares of Eagle Financial Services during the second quarter worth approximately $671,000. Institutional investors own 0.31% of the company’s stock.

About Eagle Financial Services

Eagle Financial Services, Inc is a bank holding company headquartered in Berryville, Virginia. Its principal subsidiary, Bank of Clarke, provides community banking services to individuals, families, businesses and organizations.

The bank offers checking and savings accounts, certificates of deposit and other deposit products, along with commercial, real estate, mortgage and consumer lending. Its services also include online and mobile banking, cash-management solutions and other financial services designed for personal and business customers.

Through its branch network and digital channels, Eagle Financial Services serves communities in the Northern Shenandoah Valley and surrounding areas of Virginia.