Eagle Financial Services Inc (NASDAQ:EFSI) Director Buys 849 Shares

Eagle Financial Services Inc (NASDAQ:EFSI) Director Scott M. Hamberger bought 849 shares of the stock in a transaction on Friday, May 23rd. The shares were bought at an average cost of $31.00 per share, for a total transaction of $26,319.00. Following the purchase, the director now owns 9,571 shares in the company, valued at $296,701. This trade represents a 9.73% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

Eagle Financial Services Stock Up 3.8%

NASDAQ:EFSI traded up $1.18 during trading hours on Tuesday, reaching $32.18. 30,533 shares of the company’s stock were exchanged, compared to its average volume of 25,911. The stock has a market cap of $173.06 million, a P/E ratio of 7.45 and a beta of 0.26. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a 50-day moving average price of $31.46. Eagle Financial Services Inc has a 12 month low of $28.83 and a 12 month high of $36.93.

Eagle Financial Services (NASDAQ:EFSI) last posted its quarterly earnings data on Friday, April 25th. The company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.30). The firm had revenue of $4.78 million for the quarter. Eagle Financial Services had a net margin of 13.59% and a return on equity of 10.92%.

Eagle Financial Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Monday, May 5th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date of this dividend was Monday, May 5th. Eagle Financial Services’s dividend payout ratio is 59.90%.

Analyst Upgrades and Downgrades

EFSI has been the topic of several research analyst reports. Keefe, Bruyette & Woods initiated coverage on Eagle Financial Services in a research report on Thursday, March 13th. They set an “outperform” rating and a $40.00 price target on the stock. DA Davidson assumed coverage on shares of Eagle Financial Services in a research report on Tuesday, March 4th. They issued a “buy” rating and a $40.00 price target on the stock.

Hedge Funds Weigh In On Eagle Financial Services

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Evermay Wealth Management LLC purchased a new stake in shares of Eagle Financial Services in the first quarter valued at $86,000. Goldman Sachs Group Inc. acquired a new position in Eagle Financial Services during the first quarter valued at $287,000. Persistent Asset Partners Ltd purchased a new stake in Eagle Financial Services in the 1st quarter worth about $687,000. Mendon Capital Advisors Corp acquired a new stake in Eagle Financial Services during the 1st quarter worth about $1,640,000. Finally, Jacobs Asset Management LLC purchased a new position in Eagle Financial Services during the 1st quarter valued at about $2,565,000. 0.31% of the stock is currently owned by hedge funds and other institutional investors.

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.