Evermay Wealth Management LLC Takes Position in Eagle Financial Services Inc. (NASDAQ:EFSI)

Evermay Wealth Management LLC bought a new stake in shares of Eagle Financial Services Inc. (NASDAQ:EFSI) in the first quarter, HoldingsChannel reports. The institutional investor bought 2,609 shares of the company’s stock, valued at approximately $86,000.

Eagle Financial Services Stock Performance

NASDAQ:EFSI opened at $33.50 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 0.54. Eagle Financial Services Inc. has a fifty-two week low of $28.70 and a fifty-two week high of $36.93. The company has a market cap of $180.23 million, a P/E ratio of 15.51 and a beta of 0.27. The firm’s fifty day moving average is $31.62.

Eagle Financial Services (NASDAQ:EFSI) last announced its quarterly earnings data on Thursday, July 24th. The company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.16. Eagle Financial Services had a return on equity of 10.62% and a net margin of 7.45%. The business had revenue of $20.61 million during the quarter.

Eagle Financial Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Monday, August 4th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Monday, August 4th. This represents a $1.24 annualized dividend and a dividend yield of 3.70%. Eagle Financial Services’s dividend payout ratio is currently 57.41%.

Insider Buying and Selling at Eagle Financial Services

In other Eagle Financial Services news, Director Scott M. Hamberger acquired 849 shares of the company’s stock in a transaction that occurred on Friday, May 23rd. The stock was acquired at an average cost of $31.00 per share, for a total transaction of $26,319.00. Following the transaction, the director directly owned 9,571 shares in the company, valued at $296,701. This represents a 9.73% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 12.28% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Eagle Financial Services from a “hold” rating to a “buy” rating in a research report on Saturday.

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.