Eagle Financial Services (NASDAQ:EFSI) Trading Up 1.3% - Still a Buy?

Eagle Financial Services Inc. (NASDAQ:EFSI - Get Free Report)'s stock price rose 1.3% during trading on Thursday . The stock traded as high as $33.29 and last traded at $33.16. Approximately 7,924 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 57,652 shares. The stock had previously closed at $32.72.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods assumed coverage on shares of Eagle Financial Services in a research report on Thursday, March 13th. They issued an "outperform" rating and a $40.00 target price for the company.

Eagle Financial Services Stock Performance

The business's 50-day moving average price is $30.85. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.05 and a current ratio of 1.06. The company has a market cap of $177.06 million, a PE ratio of 15.90 and a beta of 0.27.

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). The company had revenue of $4.78 million during the quarter. Eagle Financial Services had a net margin of 5.68% and a return on equity of 9.57%.

Eagle Financial Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Monday, May 5th were issued a $0.31 dividend. The ex-dividend date of this dividend was Monday, May 5th. This represents a $1.24 annualized dividend and a dividend yield of 3.77%. Eagle Financial Services's dividend payout ratio is currently 59.90%.

Insider Activity at Eagle Financial Services

In other news, Director Scott M. Hamberger acquired 849 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The stock was acquired at an average price of $31.00 per share, with a total value of $26,319.00. Following the completion of the transaction, the director directly owned 9,571 shares of the company's stock, valued at $296,701. This trade represents a 9.73% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 12.28% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Evermay Wealth Management LLC bought a new position in shares of Eagle Financial Services in the first quarter worth about $86,000. Howe & Rusling Inc. acquired a new position in shares of Eagle Financial Services in the first quarter valued at approximately $213,000. Goldman Sachs Group Inc. acquired a new position in shares of Eagle Financial Services in the first quarter valued at approximately $287,000. Persistent Asset Partners Ltd acquired a new position in shares of Eagle Financial Services in the first quarter valued at approximately $687,000. Finally, Mendon Capital Advisors Corp acquired a new position in shares of Eagle Financial Services in the first quarter valued at approximately $1,640,000. Institutional investors own 0.31% of the company's 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.