Eagle Financial Services (NASDAQ:EFSI) Earns Buy Rating from Analysts at DA Davidson

Equities research analysts at DA Davidson started coverage on shares of Eagle Financial Services (NASDAQ:EFSI) in a research note issued to investors on Tuesday,Benzinga reports. The firm set a “buy” rating and a $40.00 price target on the stock. DA Davidson’s target price indicates a potential upside of 23.46% from the stock’s previous close.

Eagle Financial Services Stock Down 0.7 %

Eagle Financial Services stock traded down $0.23 during trading hours on Tuesday, hitting $32.40. 5,395 shares of the company traded hands, compared to its average volume of 8,389. The stock has a market cap of $116.06 million, a price-to-earnings ratio of 7.50 and a beta of 0.53. Eagle Financial Services has a 1-year low of $27.02 and a 1-year high of $36.93. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69.

Insider Transactions at Eagle Financial Services

In other Eagle Financial Services news, Director Thomas T. Gilpin bought 1,000 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was acquired at an average cost of $32.00 per share, with a total value of $32,000.00. Following the completion of the purchase, the director now directly owns 50,490 shares in the company, valued at approximately $1,615,680. This trade represents a 2.02 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Company insiders own 12.28% of the company’s stock.

About Eagle Financial Services

Eagle Financial Services, Inc operates as the bank holding company for Bank of Clarke County that provides various retail and commercial banking products and services in the Shenandoah Valley and Northern Virginia. The company’s deposit products include checking, NOW, money market, and regular savings accounts; and demand and time deposits.