Scott M. Hamberger Acquires 771 Shares of Eagle Financial Services Inc (NASDAQ:EFSI) Stock

Eagle Financial Services Inc (NASDAQ:EFSI - Get Free Report) Director Scott M. Hamberger purchased 771 shares of Eagle Financial Services stock in a transaction that occurred on Monday, June 2nd. The shares were bought at an average cost of $31.00 per share, for a total transaction of $23,901.00. Following the transaction, the director now directly owns 10,342 shares of the company's stock, valued at $320,602. This represents a 8.06% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Eagle Financial Services Trading Up 0.4%

Eagle Financial Services stock traded up $0.11 during midday trading on Thursday, reaching $30.71. The stock had a trading volume of 8,751 shares, compared to its average volume of 25,074. The company has a market cap of $165.16 million, a P/E ratio of 7.11 and a beta of 0.26. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07. Eagle Financial Services Inc has a 12 month low of $28.83 and a 12 month high of $36.93. The business has a fifty day moving average price of $31.21.

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

Eagle Financial Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Monday, May 5th were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Monday, May 5th. This represents a $1.24 dividend on an annualized basis and a yield of 4.04%. Eagle Financial Services's payout ratio is 59.90%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Evermay Wealth Management LLC purchased a new position in Eagle Financial Services in the first quarter worth $86,000. Persistent Asset Partners Ltd purchased a new stake in shares of Eagle Financial Services during the first quarter worth about $687,000. Wellington Management Group LLP purchased a new stake in shares of Eagle Financial Services during the first quarter worth about $11,007,000. Jacobs Asset Management LLC bought a new position in Eagle Financial Services in the first quarter worth about $2,565,000. Finally, Azora Capital LP bought a new position in Eagle Financial Services in the first quarter worth about $3,275,000. Institutional investors own 0.31% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on EFSI. DA Davidson began coverage on Eagle Financial Services in a report on Tuesday, March 4th. They issued a "buy" rating and a $40.00 target price on the stock. Keefe, Bruyette & Woods began coverage on Eagle Financial Services in a report on Thursday, March 13th. They set an "outperform" rating and a $40.00 price objective on the stock.

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.