Azora Capital LP Invests $3.28 Million in Eagle Financial Services Inc. $EFSI

Key Points

• Azora Capital LP has acquired 99,885 shares of Eagle Financial Services Inc. (EFSI), valued at approximately $3,275,000, representing about 1.86% of the company.
• Eagle Financial Services announced a quarterly dividend of $0.31 per share, with an annual yield of 3.3%, and a payout ratio of 57.41%.
• Several brokerages have upgraded EFSI to a "buy" rating, with DA Davidson raising its target price from $39.00 to $40.00.

Azora Capital LP acquired a new position in Eagle Financial Services Inc. (NASDAQ:EFSI - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 99,885 shares of the company's stock, valued at approximately $3,275,000. Azora Capital LP owned approximately 1.86% of Eagle Financial Services as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Evermay Wealth Management LLC bought a new stake in Eagle Financial Services in the 1st quarter worth about $86,000. Persistent Asset Partners Ltd bought a new position in shares of Eagle Financial Services during the 1st quarter valued at approximately $687,000. Jacobs Asset Management LLC purchased a new stake in Eagle Financial Services in the 1st quarter worth approximately $2,565,000. Finally, Wellington Management Group LLP purchased a new stake in Eagle Financial Services in the 1st quarter worth approximately $11,007,000. 0.31% of the stock is owned by institutional investors.

Eagle Financial Services Trading Up 1.0%

Shares of EFSI traded up $0.38 during trading hours on Thursday, reaching $36.93. 1,756 shares of the company traded hands, compared to its average volume of 26,351. The company's fifty day moving average price is $33.93 and its two-hundred day moving average price is $32.31. The company has a market capitalization of $198.68 million, a price-to-earnings ratio of 17.10 and a beta of 0.29. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.39. Eagle Financial Services Inc. has a 12 month low of $28.70 and a 12 month high of $37.43.

Eagle Financial Services (NASDAQ:EFSI - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $0.98 earnings per share for the quarter, beating analysts' consensus estimates of $0.82 by $0.16. Eagle Financial Services had a net margin of 7.45% and a return on equity of 9.87%. The firm had revenue of $20.61 million for the quarter.

Eagle Financial Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Monday, August 4th were issued a $0.31 dividend. The ex-dividend date of this dividend was Monday, August 4th. This represents a $1.24 annualized dividend and a yield of 3.4%. Eagle Financial Services's payout ratio is 57.41%.

Wall Street Analysts Forecast Growth

EFSI has been the topic of several recent analyst reports. Keefe, Bruyette & Woods increased their target price on shares of Eagle Financial Services from $38.00 to $39.00 and gave the stock an "outperform" rating in a research note on Monday, August 4th. Wall Street Zen upgraded shares of Eagle Financial Services from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Finally, DA Davidson raised their price objective on shares of Eagle Financial Services from $39.00 to $40.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Eagle Financial Services has an average rating of "Buy" and a consensus price target of $39.50.

Eagle Financial Services 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.