Maltese Capital Management LLC Trims Stock Position in Eagle Financial Services Inc. $EFSI

Maltese Capital Management LLC cut its position in shares of Eagle Financial Services Inc. (NASDAQ:EFSI) by 32.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 129,149 shares of the company’s stock after selling 60,851 shares during the period. Maltese Capital Management LLC’s holdings in Eagle Financial Services were worth $5,139,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Russell Investments Group Ltd. purchased a new position in Eagle Financial Services during the third quarter worth about $26,000. BNP Paribas Financial Markets raised its stake in Eagle Financial Services by 82.8% during the third quarter. BNP Paribas Financial Markets now owns 1,188 shares of the company’s stock worth $45,000 after purchasing an additional 538 shares during the period. Daytona Street Capital LLC purchased a new position in Eagle Financial Services during the fourth quarter worth about $60,000. JPMorgan Chase & Co. purchased a new position in Eagle Financial Services during the second quarter worth about $67,000. Finally, Raymond James Financial Inc. purchased a new position in Eagle Financial Services during the second quarter worth about $83,000. 0.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on EFSI. Freedom Capital raised shares of Eagle Financial Services from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 15th. Zacks Research downgraded shares of Eagle Financial Services from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 12th. Weiss Ratings raised shares of Eagle Financial Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, May 26th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $40.00 target price on shares of Eagle Financial Services in a research note on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.25.

Eagle Financial Services Price Performance

Eagle Financial Services stock opened at $42.18 on Tuesday. The company’s 50 day simple moving average is $38.84 and its 200-day simple moving average is $38.07. The company has a market capitalization of $228.19 million, a price-to-earnings ratio of 11.98 and a beta of 0.23. Eagle Financial Services Inc. has a 1 year low of $28.70 and a 1 year high of $44.00. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.02 and a current ratio of 1.02.

Eagle Financial Services (NASDAQ:EFSI) last released its quarterly earnings results on Thursday, April 23rd. The company reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.17). The company had revenue of $20.85 million during the quarter, compared to analysts’ expectations of $21.18 million. Eagle Financial Services had a net margin of 15.81% and a return on equity of 10.17%. As a group, equities research analysts expect that Eagle Financial Services Inc. will post 3.12 earnings per share for the current year.

Eagle Financial Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Monday, May 4th. Eagle Financial Services’s payout ratio is 35.23%.

Eagle Financial Services Profile

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.