Eagle Financial Services Inc. (NASDAQ:EFSI) Sees Significant Decrease in Short Interest

Eagle Financial Services Inc. (NASDAQ:EFSI) was the recipient of a large decline in short interest in February. As of February 13th, there was short interest totaling 68,670 shares, a decline of 27.6% from the January 29th total of 94,817 shares. Currently, 1.5% of the company’s stock are sold short. Based on an average trading volume of 14,820 shares, the short-interest ratio is presently 4.6 days. Based on an average trading volume of 14,820 shares, the short-interest ratio is presently 4.6 days. Currently, 1.5% of the company’s stock are sold short.

Eagle Financial Services Trading Up 0.2%

Shares of Eagle Financial Services stock traded up $0.06 during midday trading on Monday, reaching $34.77. The company had a trading volume of 9,577 shares, compared to its average volume of 14,769. The stock has a fifty day moving average price of $39.08 and a 200 day moving average price of $37.81. Eagle Financial Services has a fifty-two week low of $28.70 and a fifty-two week high of $41.12. The firm has a market cap of $186.92 million, a PE ratio of 26.75 and a beta of 0.20. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.04 and a quick ratio of 1.04.

Eagle Financial Services (NASDAQ:EFSI) last issued its quarterly earnings results on Monday, January 26th. The company reported $0.81 earnings per share (EPS) for the quarter. The firm 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 company also recently announced a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Monday, February 2nd were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Monday, February 2nd. Eagle Financial Services’s payout ratio is presently 95.38%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on EFSI. Zacks Research raised shares of Eagle Financial Services to a “hold” rating in a research note on Thursday. Freedom Capital downgraded shares of Eagle Financial Services from a “strong-buy” rating to a “hold” rating in a report on Monday, February 9th. Weiss Ratings raised Eagle Financial Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 9th. DA Davidson initiated coverage on shares of Eagle Financial Services in a research report on Wednesday, February 25th. They set a “neutral” rating and a $43.00 target price on the stock. Finally, Capital One Financial set a $43.00 price target on Eagle Financial Services in a research note on Monday, February 9th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Eagle Financial Services presently has an average rating of “Hold” and an average price target of $43.00.

Institutional Investors Weigh In On Eagle Financial Services

Several hedge funds and other institutional investors have recently modified their holdings of EFSI. Russell Investments Group Ltd. bought a new position in shares of Eagle Financial Services in the 3rd quarter worth $26,000. Police & Firemen s Retirement System of New Jersey acquired a new position in Eagle Financial Services during the second quarter worth $32,000. CWM LLC bought a new position in shares of Eagle Financial Services in the third quarter valued at $45,000. BNP Paribas Financial Markets grew its holdings in shares of Eagle Financial Services by 82.8% during the third quarter. BNP Paribas Financial Markets now owns 1,188 shares of the company’s stock valued at $45,000 after buying an additional 538 shares during the last quarter. Finally, Daytona Street Capital LLC bought a new stake in shares of Eagle Financial Services during the fourth quarter worth about $60,000. Institutional investors 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.