EJF Capital LLC Makes New $5.19 Million Investment in Eagle Financial Services Inc. $EFSI

Key Points

• EJF Capital LLC acquired 158,415 shares of Eagle Financial Services, valued at approximately $5.19 million, making it the firm's 4th largest position at 3.3% of their investment portfolio.
• Multiple institutional investors, including Wellington Management and Azora Capital, have also made significant investments in Eagle Financial Services during the first quarter, indicating increased interest in the company.
• Analysts have given Eagle Financial Services a consensus rating of "Buy" with price targets ranging from $39.00 to $40.00, signaling positive market sentiment for the stock.

EJF Capital LLC bought a new stake in Eagle Financial Services Inc. (NASDAQ:EFSI - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 158,415 shares of the company's stock, valued at approximately $5,194,000. Eagle Financial Services makes up about 3.3% of EJF Capital LLC's investment portfolio, making the stock its 4th largest position. EJF Capital LLC owned approximately 2.95% of Eagle Financial Services as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the business. Wellington Management Group LLP acquired a new stake in shares of Eagle Financial Services during the first quarter worth about $11,007,000. Azora Capital LP acquired a new stake in shares of Eagle Financial Services during the first quarter worth about $3,275,000. Jacobs Asset Management LLC acquired a new stake in shares of Eagle Financial Services during the first quarter worth about $2,565,000. Persistent Asset Partners Ltd acquired a new stake in shares of Eagle Financial Services during the first quarter worth about $687,000. Finally, Evermay Wealth Management LLC acquired a new stake in shares of Eagle Financial Services during the first quarter worth about $86,000. Institutional investors and hedge funds own 0.31% of the company's stock.

Eagle Financial Services Price Performance

Shares of Eagle Financial Services stock traded up $0.37 during trading on Friday, reaching $37.30. 9,123 shares of the company's stock were exchanged, compared to its average volume of 12,795. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.03 and a current ratio of 1.03. Eagle Financial Services Inc. has a 1-year low of $28.70 and a 1-year high of $37.43. The company has a market cap of $200.67 million, a P/E ratio of 17.27 and a beta of 0.29. The firm's 50-day moving average price is $34.18 and its 200 day moving average price is $32.37.

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

Eagle Financial Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Monday, August 4th were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Monday, August 4th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.3%. Eagle Financial Services's payout ratio is 57.41%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. DA Davidson raised their price target on Eagle Financial Services from $39.00 to $40.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. Wall Street Zen raised Eagle Financial Services from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Finally, Keefe, Bruyette & Woods lifted their price objective on Eagle Financial Services from $38.00 to $39.00 and gave the company an "outperform" rating in a report on Monday, August 4th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Eagle Financial Services has a consensus rating of "Buy" and an average target price of $39.50.

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.