Zacks Research Upgrades Eagle Financial Services (NASDAQ:EFSI) to “Hold”

Eagle Financial Services (NASDAQ:EFSI) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

Several other analysts have also recently commented on the company. DA Davidson reaffirmed a “neutral” rating and issued a $40.00 target price on shares of Eagle Financial Services in a research report on Monday, May 11th. Freedom Capital raised Eagle Financial Services from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 15th. Finally, Weiss Ratings upgraded Eagle Financial Services from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $42.25.

Eagle Financial Services Stock Performance

Eagle Financial Services stock opened at $41.90 on Monday. Eagle Financial Services has a fifty-two week low of $31.44 and a fifty-two week high of $44.00. The firm’s 50 day simple moving average is $40.21 and its 200-day simple moving average is $38.42. 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 cap of $226.68 million, a P/E ratio of 11.90 and a beta of 0.22.

Eagle Financial Services (NASDAQ:EFSI) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $0.69 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.17). Eagle Financial Services had a net margin of 15.81% and a return on equity of 10.17%. The firm had revenue of $20.85 million during the quarter, compared to analysts’ expectations of $21.18 million. As a group, equities research analysts predict that Eagle Financial Services will post 3.12 EPS for the current year.

Institutional Trading of Eagle Financial Services

Several hedge funds and other institutional investors have recently modified their holdings of EFSI. UBS Group AG grew its stake in shares of Eagle Financial Services by 2,935.5% in the 4th quarter. UBS Group AG now owns 73,094 shares of the company’s stock valued at $2,909,000 after buying an additional 70,686 shares in the last quarter. Daytona Street Capital LLC bought a new stake in Eagle Financial Services in the fourth quarter worth $60,000. Bank of America Corp DE boosted its holdings in Eagle Financial Services by 17.2% in the third quarter. Bank of America Corp DE now owns 8,064 shares of the company’s stock worth $305,000 after purchasing an additional 1,183 shares in the last quarter. BNP Paribas Financial Markets increased its position 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 worth $45,000 after buying an additional 538 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Eagle Financial Services during the 2nd quarter worth about $83,000. 0.31% of the stock is currently owned by hedge funds and other institutional investors.

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.