Mendon Capital Advisors Corp Purchases Shares of 50,000 Eagle Financial Services Inc. $EFSI

Key Points

• Mendon Capital Advisors Corp acquired 50,000 shares of Eagle Financial Services Inc. valued at approximately $1,640,000, representing about 0.93% of the company's stock.
• Eagle Financial Services recently reported a quarterly EPS of $0.98, exceeding analysts' expectations, and announced a quarterly dividend of $0.31, yielding 3.3% annually.
• Analysts have given Eagle Financial Services a consensus rating of "Buy" with an average price target of $39.50, up from previous estimates.

Mendon Capital Advisors Corp bought a new stake in shares of Eagle Financial Services Inc. (NASDAQ:EFSI - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 50,000 shares of the company's stock, valued at approximately $1,640,000. Mendon Capital Advisors Corp owned about 0.93% of Eagle Financial Services as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in EFSI. Evermay Wealth Management LLC acquired a new position in shares of Eagle Financial Services during the 1st quarter worth about $86,000. Goldman Sachs Group Inc. acquired a new position in Eagle Financial Services during the first quarter valued at approximately $287,000. Persistent Asset Partners Ltd acquired a new position in Eagle Financial Services during the first quarter valued at approximately $687,000. Jacobs Asset Management LLC bought a new stake in Eagle Financial Services in the first quarter valued at approximately $2,565,000. Finally, Azora Capital LP acquired a new stake in Eagle Financial Services in the first quarter worth $3,275,000. 0.31% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on EFSI shares. Wall Street Zen raised Eagle Financial Services from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. DA Davidson increased their target price on Eagle Financial Services from $39.00 to $40.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Finally, 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 note on Monday, August 4th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $39.50.

Eagle Financial Services Stock Performance

Shares of Eagle Financial Services stock traded up $0.34 during trading on Monday, hitting $37.33. 997 shares of the stock were exchanged, compared to its average volume of 25,536. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.39. The company has a fifty day moving average price of $34.65 and a 200-day moving average price of $32.52. The stock has a market capitalization of $200.84 million, a price-to-earnings ratio of 17.28 and a beta of 0.29. Eagle Financial Services Inc. has a 1-year low of $28.70 and a 1-year high of $37.43.

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 business had revenue of $20.61 million during the quarter.

Eagle Financial Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders 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 annualized dividend and a yield of 3.3%. Eagle Financial Services's dividend payout ratio (DPR) is currently 57.41%.

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.