Eagle Financial Services Inc. $EFSI is EJF Capital LLC’s 7th Largest Position

EJF Capital LLC cut its position in Eagle Financial Services Inc. (NASDAQ:EFSI) by 19.5% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 127,535 shares of the company’s stock after selling 30,880 shares during the quarter. Eagle Financial Services accounts for approximately 3.1% of EJF Capital LLC’s investment portfolio, making the stock its 7th biggest holding. EJF Capital LLC’s holdings in Eagle Financial Services were worth $3,905,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Eagle Financial Services during the second quarter valued at approximately $32,000. JPMorgan Chase & Co. purchased a new stake in Eagle Financial Services during the 2nd quarter valued at $67,000. Raymond James Financial Inc. purchased a new stake in Eagle Financial Services during the 2nd quarter valued at $83,000. New York State Common Retirement Fund bought a new stake in shares of Eagle Financial Services in the 2nd quarter worth $101,000. Finally, Howe & Rusling Inc. purchased a new position in shares of Eagle Financial Services in the first quarter worth $213,000. Hedge funds and other institutional investors own 0.31% of the company’s stock.

Eagle Financial Services Trading Down 0.3%

Eagle Financial Services stock opened at $39.64 on Friday. Eagle Financial Services Inc. has a 52-week low of $28.70 and a 52-week high of $40.38. The company has a market cap of $213.26 million, a P/E ratio of 17.78 and a beta of 0.23. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.37. The business has a 50-day simple moving average of $36.80 and a two-hundred day simple moving average of $34.98.

Eagle Financial Services (NASDAQ:EFSI) last posted its quarterly earnings data on Thursday, October 23rd. The company reported $1.04 earnings per share (EPS) for the quarter. The company had revenue of $22.39 million for the quarter. Eagle Financial Services had a net margin of 9.30% and a return on equity of 10.17%.

Eagle Financial Services Dividend Announcement

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

Insider Buying and Selling

In related news, Director John D. Stokely, Jr. sold 5,815 shares of the firm’s stock in a transaction on 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 SEC, which is available through this link. Over the last quarter, insiders sold 5,949 shares of company stock valued at $217,862. 8.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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