Short Interest in Eagle Financial Services Inc. (NASDAQ:EFSI) Declines By 23.7%

Eagle Financial Services Inc. (NASDAQ:EFSI) was the recipient of a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 61,941 shares, a drop of 23.7% from the December 15th total of 81,167 shares. Currently, 1.3% of the company’s stock are short sold. Based on an average daily trading volume, of 14,621 shares, the short-interest ratio is currently 4.2 days. Based on an average daily trading volume, of 14,621 shares, the short-interest ratio is currently 4.2 days. Currently, 1.3% of the company’s stock are short sold.

Insider Buying and Selling

In related news, Director John D. Stokely, Jr. sold 5,815 shares of the business’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $36.60, for a total value of $212,829.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders have sold 5,949 shares of company stock worth $217,862. 8.70% of the stock is owned by company insiders.

Institutional Trading of Eagle Financial Services

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. acquired a new position in shares of Eagle Financial Services during the third quarter worth about $26,000. Police & Firemen s Retirement System of New Jersey acquired a new position in Eagle Financial Services during the 2nd quarter worth approximately $32,000. CWM LLC purchased a new position in shares of Eagle Financial Services during the 3rd quarter worth approximately $45,000. BNP Paribas Financial Markets raised its stake in shares of Eagle Financial Services by 82.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,188 shares of the company’s stock worth $45,000 after buying an additional 538 shares in the last quarter. Finally, JPMorgan Chase & Co. acquired a new stake in Eagle Financial Services in the second quarter valued at $67,000. Hedge funds and other institutional investors own 0.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on EFSI. Wall Street Zen cut Eagle Financial Services from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Eagle Financial Services in a research report on Monday, December 29th. Finally, DA Davidson cut Eagle Financial Services from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $39.50.

Eagle Financial Services Stock Performance

EFSI stock traded down $0.23 during trading on Monday, hitting $39.76. The company had a trading volume of 12,345 shares, compared to its average volume of 13,721. The firm has a 50-day moving average price of $38.43 and a 200-day moving average price of $36.68. 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 $213.91 million, a PE ratio of 17.83 and a beta of 0.21. Eagle Financial Services has a 1-year low of $28.70 and a 1-year high of $41.12.

Eagle Financial Services (NASDAQ:EFSI) last posted its quarterly earnings data on Thursday, October 23rd. The company reported $1.04 earnings per share for the quarter. The company had revenue of $22.39 million during the quarter. Eagle Financial Services had a return on equity of 10.17% and a net margin of 9.30%.

Eagle Financial Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Monday, November 3rd were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Monday, November 3rd. Eagle Financial Services’s payout ratio is currently 55.61%.

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.