Goldman Sachs Group Inc. Purchases New Holdings in Eagle Financial Services Inc. $EFSI

Key Points

• Goldman Sachs Group Inc. acquired a new stake in Eagle Financial Services Inc. during the first quarter, purchasing 8,742 shares valued at approximately $287,000.
• Analysts have increased their price targets for Eagle Financial Services, with Keefe, Bruyette & Woods raising it from $38 to $39 and DA Davidson lifting it to $40, reflecting a consensus rating of "Buy."
• Eagle Financial Services reported earnings of $0.98 per share for the recent quarter, exceeding expectations, alongside a quarterly dividend of $0.31 per share and a dividend yield of 3.2%.

Goldman Sachs Group Inc. acquired a new position in shares of Eagle Financial Services Inc. (NASDAQ:EFSI - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,742 shares of the company's stock, valued at approximately $287,000. Goldman Sachs Group Inc. owned 0.16% of Eagle Financial Services as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in EFSI. Evermay Wealth Management LLC acquired a new stake in shares of Eagle Financial Services in the first quarter valued at about $86,000. Howe & Rusling Inc. acquired a new stake in Eagle Financial Services in the first quarter worth about $213,000. Persistent Asset Partners Ltd bought a new stake in shares of Eagle Financial Services in the first quarter worth about $687,000. Mendon Capital Advisors Corp bought a new position in 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 and hedge funds own 0.31% of the company's stock.

Analyst Ratings Changes

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

Eagle Financial Services Stock Performance

EFSI opened at $38.99 on Friday. Eagle Financial Services Inc. has a 12-month low of $28.70 and a 12-month high of $40.03. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.39. The stock's 50 day moving average price is $35.74 and its two-hundred day moving average price is $32.95. The firm has a market capitalization of $209.61 million, a P/E ratio of 18.05 and a beta of 0.29.

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, topping 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 during the quarter.

Eagle Financial Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Monday, August 4th were given a dividend of $0.31 per share. The ex-dividend date was Monday, August 4th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.2%. Eagle Financial Services's dividend payout ratio (DPR) is presently 57.41%.

Eagle Financial Services Company 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.

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