Eagle Financial Services Inc. $EFSI Shares Sold by Maltese Capital Management LLC

Maltese Capital Management LLC decreased its stake in Eagle Financial Services Inc. (NASDAQ:EFSI) by 32.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 129,149 shares of the company’s stock after selling 60,851 shares during the quarter. Maltese Capital Management LLC owned approximately 2.40% of Eagle Financial Services worth $5,139,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of EFSI. Fourthstone LLC grew its position in shares of Eagle Financial Services by 64.0% in the fourth quarter. Fourthstone LLC now owns 453,918 shares of the company’s stock valued at $18,064,000 after purchasing an additional 177,132 shares during the period. Vanguard Group Inc. grew its position 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 valued at $11,606,000 after purchasing an additional 157,331 shares during the period. UBS Group AG grew its position in shares of Eagle Financial Services by 2,935.5% in the fourth quarter. UBS Group AG now owns 73,094 shares of the company’s stock valued at $2,909,000 after purchasing an additional 70,686 shares during the period. Geode Capital Management LLC grew its position 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 purchasing an additional 63,756 shares during the period. Finally, United Capital Financial Advisors LLC acquired a new stake in shares of Eagle Financial Services in the third quarter valued at about $613,000. Institutional investors and hedge funds own 0.31% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports 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 reiterated a “neutral” rating and issued a $40.00 target price on shares of Eagle Financial Services in a research report on Monday, May 11th. Weiss Ratings upgraded shares of Eagle Financial Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, May 26th. Finally, Zacks Research lowered shares of Eagle Financial Services from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $42.25.

Eagle Financial Services Stock Performance

EFSI opened at $42.18 on Tuesday. The firm has a market capitalization of $228.19 million, a PE ratio of 11.98 and a beta of 0.23. Eagle Financial Services Inc. has a twelve month low of $28.70 and a twelve month high of $44.00. The firm’s 50-day moving average price is $38.84 and its 200 day moving average price is $38.07. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.16.

Eagle Financial Services (NASDAQ:EFSI) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.17). The business had revenue of $20.85 million for the quarter, compared to analyst estimates of $21.18 million. Eagle Financial Services had a return on equity of 10.17% and a net margin of 15.81%. As a group, sell-side analysts expect that Eagle Financial Services Inc. will post 3.12 EPS for the current fiscal year.

Eagle Financial Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were given a dividend of $0.31 per share. The ex-dividend date was Monday, May 4th. This represents a $1.24 dividend on an annualized basis and a yield of 2.9%. Eagle Financial Services’s payout ratio is presently 35.23%.

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.