Eagle Financial Services Inc. (NASDAQ:EFSI) Shares Set to Pay Quarterly Dividend of $0.31

Key Points

• Eagle Financial Services declared a quarterly dividend of $0.31 per share, payable November 13 to shareholders of record on November 2. The annualized dividend is $1.24, representing a 2.7% yield.
• The company exceeded quarterly earnings expectations, reporting $0.93 EPS versus the $0.88 consensus and revenue of $22.93 million compared with estimates of $22.09 million.
• EFSI shares opened at $46.51, up 1.3%, with a $251.62 million market capitalization; institutional ownership remains limited at 0.31%.

Eagle Financial Services Inc. (NASDAQ:EFSI - Get Free Report) announced a quarterly dividend on Thursday, October 22nd. Investors of record on Monday, November 2nd will be paid a dividend of $0.31 per share on Friday, November 13th. This represents a $1.24 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Monday, November 2nd.

Eagle Financial Services Trading Up 1.3%

NASDAQ EFSI opened at $46.51 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.15. The business has a fifty day simple moving average of $44.52 and a 200 day simple moving average of $41.65. Eagle Financial Services has a 12 month low of $31.44 and a 12 month high of $48.17. The firm has a market capitalization of $251.62 million, a P/E ratio of 15.56 and a beta of 0.21.

Eagle Financial Services (NASDAQ:EFSI - Get Free Report) last posted its earnings results on Thursday, October 22nd. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.05. Eagle Financial Services had a net margin of 15.16% and a return on equity of 8.38%. The firm had revenue of $22.93 million during the quarter, compared to analyst estimates of $22.09 million. On average, analysts predict that Eagle Financial Services will post 2.71 EPS for the current fiscal year.

Institutional Trading of Eagle Financial Services

A number of large investors have recently bought and sold shares of EFSI. Deutsche Bank AG purchased a new position in shares of Eagle Financial Services during the 2nd quarter valued at $195,000. Bank of America Corp DE raised its stake in Eagle Financial Services by 11.7% in the 1st quarter. Bank of America Corp DE now owns 10,374 shares of the company's stock valued at $363,000 after acquiring an additional 1,086 shares during the period. Expressive Wealth LLC purchased a new stake in Eagle Financial Services during the second quarter valued at about $434,000. Bank of New York Mellon Corp purchased a new stake in Eagle Financial Services during the second quarter valued at about $651,000. Finally, United Capital Financial Advisors LLC purchased a new stake in Eagle Financial Services during the second quarter valued at about $671,000. 0.31% of the stock is owned by hedge funds and other institutional investors.

Eagle Financial Services Company Profile

Eagle Financial Services, Inc is a bank holding company headquartered in Berryville, Virginia. Through its principal subsidiary, Bank of Clarke County, the company provides community banking services to individuals, families, businesses and organizations.

Bank of Clarke County offers a range of deposit products, including checking, savings and certificates of deposit, along with commercial, residential mortgage and consumer lending. Its services also include online and mobile banking, treasury management and other financial solutions designed for personal and business customers.

The bank traces its history to the establishment of Bank of Clarke County in 1881 and serves communities in Virginia's Northern Shenandoah Valley, including Clarke, Frederick and Loudoun counties and the Winchester area.

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