Eagle Financial Services Inc. $EFSI Position Reduced by EJF Capital LLC

EJF Capital LLC cut its holdings in Eagle Financial Services Inc. (NASDAQ:EFSI) by 19.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 127,535 shares of the company’s stock after selling 30,880 shares during the period. Eagle Financial Services makes up 3.1% of EJF Capital LLC’s portfolio, making the stock its 7th largest position. EJF Capital LLC owned 2.37% of Eagle Financial Services worth $3,905,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Wellington Management Group LLP bought a new stake in shares of Eagle Financial Services in the 1st quarter valued at about $11,007,000. Graham Capital Wealth Management LLC purchased a new position in Eagle Financial Services in the 2nd quarter worth approximately $3,777,000. Azora Capital LP purchased a new position in Eagle Financial Services in the 1st quarter worth approximately $3,275,000. Jacobs Asset Management LLC bought a new stake in Eagle Financial Services in the first quarter valued at approximately $2,565,000. Finally, Geode Capital Management LLC boosted its stake in shares of Eagle Financial Services by 148.9% during 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. 0.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on EFSI. Weiss Ratings reiterated a “buy (b-)” rating on shares of Eagle Financial Services in a report on Monday. Wall Street Zen cut shares of Eagle Financial Services from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Finally, DA Davidson cut Eagle Financial Services from a “strong-buy” rating to a “hold” rating in a report on Monday, October 20th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $39.50.

Eagle Financial Services Stock Performance

Eagle Financial Services stock opened at $39.64 on Friday. Eagle Financial Services Inc. has a fifty-two week low of $28.70 and a fifty-two week high of $40.38. The stock’s 50 day simple moving average is $36.80 and its two-hundred day simple moving average is $34.98. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a market cap of $213.26 million, a price-to-earnings ratio of 17.78 and a beta of 0.23.

Eagle Financial Services (NASDAQ:EFSI) last released its earnings results on Thursday, October 23rd. The company reported $1.04 EPS 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Monday, November 3rd were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Monday, November 3rd. Eagle Financial Services’s payout ratio is 55.61%.

Insider Buying and Selling at Eagle Financial Services

In related news, Director John D. Stokely, Jr. sold 5,815 shares of the stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders have sold 5,949 shares of company stock valued at $217,862. 8.70% of the stock is owned by corporate insiders.

Eagle Financial Services Company Profile

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.