Persistent Asset Partners Ltd Purchases Shares of 20,953 Eagle Financial Services Inc. (NASDAQ:EFSI)

Key Points

• Persistent Asset Partners Ltd has acquired a new stake in Eagle Financial Services Inc., purchasing 20,953 shares valued at approximately $687,000, representing 0.39% of the company's stock.
• Several analysts have upgraded Eagle Financial Services, with target prices raised by firms such as Keefe, Bruyette & Woods and DA Davidson, reflecting positive sentiment in the stock.
• Eagle Financial Services has announced a quarterly dividend of $0.31 per share, yielding approximately 3.8%, with the ex-dividend date set for August 4th.

Persistent Asset Partners Ltd acquired a new position in shares of Eagle Financial Services Inc. (NASDAQ:EFSI - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 20,953 shares of the company's stock, valued at approximately $687,000. Persistent Asset Partners Ltd owned about 0.39% of Eagle Financial Services as of its most recent SEC filing.

Separately, Evermay Wealth Management LLC acquired a new stake in shares of Eagle Financial Services during the first quarter worth $86,000. Institutional investors and hedge funds own 0.31% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on EFSI. Wall Street Zen raised Eagle Financial Services from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Keefe, Bruyette & Woods raised their target price on Eagle Financial Services from $38.00 to $39.00 and gave the company an "outperform" rating in a research note on Monday, August 4th. Finally, DA Davidson lifted their price target 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.

Insider Buying and Selling at Eagle Financial Services

In related news, Director Scott M. Hamberger purchased 849 shares of the company's stock in a transaction dated Friday, May 23rd. The shares were acquired at an average cost of $31.00 per share, with a total value of $26,319.00. Following the completion of the purchase, the director owned 9,571 shares of the company's stock, valued at $296,701. The trade was a 9.73% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have acquired 1,923 shares of company stock valued at $60,219 over the last 90 days. Corporate insiders own 8.70% of the company's stock.

Eagle Financial Services Trading Down 0.3%

NASDAQ:EFSI traded down $0.09 during midday trading on Friday, hitting $34.82. 19,620 shares of the stock were exchanged, compared to its average volume of 15,893. The company has a market cap of $187.26 million, a P/E ratio of 16.12 and a beta of 0.26. Eagle Financial Services Inc. has a one year low of $28.70 and a one year high of $36.93. The company's 50-day moving average price is $32.24. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.03 and a quick ratio of 1.05.

Eagle Financial Services (NASDAQ:EFSI - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter.

Eagle Financial Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Monday, August 4th were paid a $0.31 dividend. 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 3.6%. Eagle Financial Services's dividend payout ratio is 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.