Insider Buying: Eagle Financial Services Inc (NASDAQ:EFSI) Director Purchases 771 Shares of Stock

Eagle Financial Services Inc (NASDAQ:EFSI) Director Scott M. Hamberger bought 771 shares of the firm’s stock in a transaction on Monday, June 2nd. The shares were purchased at an average cost of $31.00 per share, with a total value of $23,901.00. Following the completion of the transaction, the director now owns 10,342 shares in the company, valued at $320,602. This represents a 8.06% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Eagle Financial Services Stock Performance

Eagle Financial Services stock traded up $0.15 during mid-day trading on Tuesday, reaching $31.15. 5,704 shares of the company were exchanged, compared to its average volume of 25,341. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market cap of $167.52 million, a price-to-earnings ratio of 7.21 and a beta of 0.26. The firm’s fifty day moving average is $31.34. Eagle Financial Services Inc has a 12-month low of $28.83 and a 12-month high of $36.93.

Eagle Financial Services (NASDAQ:EFSI) last posted its quarterly earnings data on Friday, April 25th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.30). The company had revenue of $4.78 million for the quarter. Eagle Financial Services had a net margin of 13.59% and a return on equity of 10.92%.

Eagle Financial Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Monday, May 5th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date of this dividend was Monday, May 5th. Eagle Financial Services’s payout ratio is presently 59.90%.

Institutional Investors Weigh In On Eagle Financial Services

Hedge funds have recently bought and sold shares of the stock. Evermay Wealth Management LLC purchased a new position in shares of Eagle Financial Services during the 1st quarter valued at approximately $86,000. Goldman Sachs Group Inc. purchased a new position in Eagle Financial Services in the first quarter valued at $287,000. Persistent Asset Partners Ltd purchased a new position in Eagle Financial Services in the first quarter valued at $687,000. Mendon Capital Advisors Corp acquired a new position in shares of Eagle Financial Services in the first quarter worth about $1,640,000. Finally, Jacobs Asset Management LLC purchased a new stake in shares of Eagle Financial Services during the 1st quarter worth about $2,565,000. Hedge funds and other institutional investors own 0.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. DA Davidson started coverage on Eagle Financial Services in a research note on Tuesday, March 4th. They set a “buy” rating and a $40.00 price target on the stock. Keefe, Bruyette & Woods assumed coverage on shares of Eagle Financial Services in a report on Thursday, March 13th. They issued an “outperform” rating and a $40.00 price target for the company.

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.