Mendon Capital Advisors Corp Acquires 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 acquired a new stake in shares of Eagle Financial Services Inc. (NASDAQ:EFSI - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 50,000 shares of the company's stock, valued at approximately $1,640,000. Mendon Capital Advisors Corp owned approximately 0.93% of Eagle Financial Services at the end of the most recent quarter.

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

Eagle Financial Services Trading Down 0.3%

Shares of Eagle Financial Services stock opened at $37.10 on Wednesday. Eagle Financial Services Inc. has a 12-month low of $28.70 and a 12-month high of $37.43. The business's 50 day moving average is $34.41 and its 200-day moving average is $32.43. 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 has a market cap of $199.45 million, a P/E ratio of 17.18 and a beta of 0.29.

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

Eagle Financial Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Monday, August 4th were given a $0.31 dividend. The ex-dividend date 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%.

Analysts Set New Price Targets

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

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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