Graham Capital Wealth Management LLC Invests $3.78 Million in Eagle Financial Services Inc. $EFSI

Graham Capital Wealth Management LLC bought a new stake in shares of Eagle Financial Services Inc. (NASDAQ:EFSI) in the 2nd quarter, Holdings Channel.com reports. The firm bought 123,338 shares of the company’s stock, valued at approximately $3,777,000. Eagle Financial Services makes up approximately 4.5% of Graham Capital Wealth Management LLC’s holdings, making the stock its 3rd largest position.

Other hedge funds have also recently bought and sold shares of the company. Police & Firemen s Retirement System of New Jersey bought a new stake in Eagle Financial Services in the second quarter worth about $32,000. JPMorgan Chase & Co. purchased a new position in Eagle Financial Services during the 2nd quarter worth approximately $67,000. Evermay Wealth Management LLC acquired a new stake in Eagle Financial Services during the 1st quarter valued at $86,000. Howe & Rusling Inc. purchased a new stake in shares of Eagle Financial Services in the first quarter valued at $213,000. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of Eagle Financial Services in the first quarter worth $287,000. 0.31% of the stock is owned by institutional investors and hedge funds.

Eagle Financial Services Stock Performance

Shares of NASDAQ EFSI opened at $34.72 on Friday. The business has a 50 day simple moving average of $36.90 and a 200 day simple moving average of $34.23. Eagle Financial Services Inc. has a 52 week low of $28.70 and a 52 week high of $40.03. The stock has a market cap of $186.65 million, a price-to-earnings ratio of 15.57 and a beta of 0.28. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.03 and a current ratio of 1.03.

Eagle Financial Services (NASDAQ:EFSI) last posted its earnings results on Thursday, October 23rd. The company reported $1.04 EPS for the quarter. Eagle Financial Services had a net margin of 9.30% and a return on equity of 10.61%. The company had revenue of $22.39 million during the quarter.

Eagle Financial Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Monday, November 3rd were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.6%. The ex-dividend date was Monday, November 3rd. Eagle Financial Services’s dividend payout ratio (DPR) is 55.61%.

Insider Buying and Selling at Eagle Financial Services

In other Eagle Financial Services news, Director John D. Stokely, Jr. sold 5,815 shares of the business’s stock in a transaction dated Wednesday, October 29th. The stock was 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 is available at this link. 12.28% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on EFSI shares. Keefe, Bruyette & Woods upped their price target on Eagle Financial Services from $38.00 to $39.00 and gave the company an “outperform” rating in a research report on Monday, August 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Eagle Financial Services in a research note on Wednesday, October 8th. DA Davidson lowered shares of Eagle Financial Services from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 20th. Finally, Wall Street Zen cut shares of Eagle Financial Services from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $39.50.

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.