Eagle Financial Services Inc (NASDAQ:EFSI) Director Scott M. Hamberger Buys 771 Shares

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

Eagle Financial Services Stock Down 0.5%

Shares of NASDAQ EFSI traded down $0.15 during trading hours on Friday, hitting $30.56. The company had a trading volume of 10,759 shares, compared to its average volume of 24,923. Eagle Financial Services Inc has a 1-year low of $28.83 and a 1-year high of $36.93. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07. The firm's 50 day moving average price is $31.17. The stock has a market capitalization of $164.35 million, a PE ratio of 7.07 and a beta of 0.28.

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

Eagle Financial Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Monday, May 5th were given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 4.06%. The ex-dividend date was Monday, May 5th. Eagle Financial Services's payout ratio is presently 59.90%.

Institutional Trading of Eagle Financial Services

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

Wall Street Analysts Forecast Growth

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

About Eagle Financial Services

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.