Eagle Financial Services (NASDAQ:EFSI) Stock Price Up 1.8% - Here's What Happened

Eagle Financial Services Inc (NASDAQ:EFSI - Get Free Report)'s share price shot up 1.8% during mid-day trading on Wednesday . The stock traded as high as $32.60 and last traded at $32.25. 20,298 shares were traded during mid-day trading, a decline of 21% from the average session volume of 25,659 shares. The stock had previously closed at $31.69.

Wall Street Analysts Forecast Growth

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

Eagle Financial Services Stock Performance

The stock's 50-day simple moving average is $32.10. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69. The firm has a market cap of $160.29 million, a PE ratio of 6.90 and a beta of 0.32.

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

Eagle Financial Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Monday, May 5th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Monday, May 5th. This represents a $1.24 dividend on an annualized basis and a yield of 4.16%. Eagle Financial Services's dividend payout ratio (DPR) is 59.90%.

Insider Activity

In other Eagle Financial Services news, Director Thomas T. Gilpin bought 1,000 shares of the stock in a transaction on Friday, February 7th. The stock was purchased at an average price of $32.00 per share, with a total value of $32,000.00. Following the completion of the purchase, the director now owns 50,490 shares in the company, valued at $1,615,680. The trade was a 2.02 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 12.28% of the stock is currently owned by company insiders.

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.