Susquehanna International Group LLP Acquires New Stake in Eagle Financial Services Inc. $EFSI

Key Points

• Susquehanna International Group acquired 28,909 Eagle Financial Services shares worth approximately $1.2 million, representing about 0.53% of the company. Other institutions, including Geode Capital Management, also increased or initiated positions, though institutional ownership remains low at 0.31%.
• Eagle Financial Services reported quarterly EPS of $0.41, missing the $0.78 consensus estimate, while revenue of $25.56 million exceeded analyst expectations of $21.29 million. Analysts expect full-year EPS of $2.71.
• The company paid a quarterly dividend of $0.31 per share, equivalent to an annualized $1.24 dividend and a 3.0% yield. Despite mixed analyst actions, the stock carries a consensus “Moderate Buy” rating with a $42.25 price target.

Susquehanna International Group LLP bought a new position in shares of Eagle Financial Services Inc. (NASDAQ:EFSI - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 28,909 shares of the company's stock, valued at approximately $1,199,000. Susquehanna International Group LLP owned approximately 0.53% of Eagle Financial Services at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Goldman Sachs Group Inc. bought a new stake in shares of Eagle Financial Services in the first quarter valued at about $287,000. Geode Capital Management LLC grew its holdings in shares of Eagle Financial Services by 148.9% during the second quarter. Geode Capital Management LLC now owns 106,571 shares of the company's stock worth $3,264,000 after buying an additional 63,756 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in Eagle Financial Services in the 2nd quarter valued at approximately $67,000. New York State Common Retirement Fund bought a new stake in Eagle Financial Services in the 2nd quarter valued at approximately $101,000. Finally, Raymond James Financial Inc. acquired a new position in Eagle Financial Services during the 2nd quarter worth approximately $83,000. Institutional investors and hedge funds own 0.31% of the company's stock.

Eagle Financial Services Price Performance

Eagle Financial Services stock opened at $41.53 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 1.01. The company's 50-day moving average is $41.67 and its 200-day moving average is $38.97. The firm has a market capitalization of $224.68 million, a PE ratio of 12.00 and a beta of 0.23. Eagle Financial Services Inc. has a fifty-two week low of $31.44 and a fifty-two week high of $45.44.

Eagle Financial Services (NASDAQ:EFSI - Get Free Report) last issued its earnings results on Thursday, July 23rd. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.37). Eagle Financial Services had a net margin of 15.16% and a return on equity of 8.38%. The firm had revenue of $25.56 million during the quarter, compared to analyst estimates of $21.29 million. Sell-side analysts anticipate that Eagle Financial Services Inc. will post 2.71 earnings per share for the current year.

Eagle Financial Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Monday, August 3rd were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Monday, August 3rd. Eagle Financial Services's payout ratio is currently 35.84%.

Wall Street Analyst Weigh In

EFSI has been the topic of a number of research reports. Wall Street Zen lowered shares of Eagle Financial Services from a "sell" rating to a "strong sell" rating in a research report on Saturday. Weiss Ratings upgraded shares of Eagle Financial Services from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, June 26th. Zacks Research downgraded shares of Eagle Financial Services from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 11th. Freedom Broker cut Eagle Financial Services from a "strong-buy" rating to a "hold" rating in a report on Thursday. Finally, DA Davidson reaffirmed a "neutral" rating and issued a $40.00 target price on shares of Eagle Financial Services in a research report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $42.25.

Eagle Financial Services Company Profile

Eagle Financial Services, Inc NASDAQ: EFSI is the bank holding company for Eagle National Bank, a community-oriented financial institution headquartered in Fredericksburg, Virginia. The company offers a broad range of retail and commercial banking solutions, focusing on personalized service for individuals, small businesses, and nonprofit organizations. Through its subsidiary, Eagle National Bank, it maintains a commitment to local decision-making and relationship-driven service.

Eagle Financial Services provides deposit products including checking and savings accounts, money market funds, certificates of deposit, and individual retirement accounts.

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