Eagle Financial Services (NASDAQ:EFSI) Director Purchases $29,997.00 in Stock

Eagle Financial Services Inc. (NASDAQ:EFSI) Director Scott Hamberger purchased 909 shares of the stock in a transaction that occurred on Wednesday, March 11th. The shares were acquired at an average price of $33.00 per share, for a total transaction of $29,997.00. Following the completion of the transaction, the director directly owned 2,550 shares of the company’s stock, valued at $84,150. The trade was a 55.39% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Eagle Financial Services Stock Up 0.2%

Shares of NASDAQ EFSI opened at $32.50 on Friday. The stock has a market cap of $174.85 million, a PE ratio of 25.00 and a beta of 0.21. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.37. Eagle Financial Services Inc. has a 12-month low of $28.70 and a 12-month high of $41.12. The company has a 50-day moving average of $37.88 and a 200 day moving average of $37.69.

Eagle Financial Services (NASDAQ:EFSI) last released its earnings results on Monday, January 26th. The company reported $0.81 earnings per share for the quarter. The business had revenue of $21.76 million for the quarter. Eagle Financial Services had a net margin of 7.76% and a return on equity of 9.99%.

Eagle Financial Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Monday, February 2nd were given a dividend of $0.31 per share. The ex-dividend date was Monday, February 2nd. This represents a $1.24 dividend on an annualized basis and a yield of 3.8%. Eagle Financial Services’s dividend payout ratio (DPR) is presently 95.38%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Keefe, Bruyette & Woods upped their target price on Eagle Financial Services from $42.00 to $43.00 and gave the company an “outperform” rating in a report on Thursday, January 29th. Capital One Financial set a $43.00 price target on Eagle Financial Services in a report on Monday, February 9th. DA Davidson began coverage on shares of Eagle Financial Services in a research report on Wednesday, February 25th. They set a “neutral” rating and a $43.00 price target on the stock. Zacks Research raised shares of Eagle Financial Services to a “hold” rating in a report on Thursday, February 26th. Finally, Loop Capital set a $43.00 price objective on shares of Eagle Financial Services in a research report on Monday, February 9th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $43.00.

Institutional Investors Weigh In On Eagle Financial Services

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EFSI. Goldman Sachs Group Inc. purchased a new stake in Eagle Financial Services in the first quarter valued at $287,000. Geode Capital Management LLC grew its holdings in shares of Eagle Financial Services by 148.9% during the 2nd quarter. Geode Capital Management LLC now owns 106,571 shares of the company’s stock worth $3,264,000 after purchasing an additional 63,756 shares during the period. Police & Firemen s Retirement System of New Jersey purchased a new position in shares of Eagle Financial Services during the 2nd quarter worth $32,000. Wealthspire Advisors LLC acquired a new stake in shares of Eagle Financial Services during the 2nd quarter worth about $298,000. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Eagle Financial Services during the 2nd quarter worth about $67,000. Institutional investors and hedge funds own 0.31% of the company’s stock.

About Eagle Financial Services

Eagle Financial Services, Inc (NASDAQ: EFSI) is the bank holding company for Eagle National Bank, a community-oriented financial institution headquartered in Fredericksburg, Virginia. The company offers a broad range of retail and commercial banking solutions, focusing on personalized service for individuals, small businesses, and nonprofit organizations. Through its subsidiary, Eagle National Bank, it maintains a commitment to local decision-making and relationship-driven service.

Eagle Financial Services provides deposit products including checking and savings accounts, money market funds, certificates of deposit, and individual retirement accounts.