Wellington Management Group LLP Acquires Shares of 335,668 Eagle Financial Services Inc. $EFSI

Key Points

• Wellington Management Group LLP purchased 335,668 shares of Eagle Financial Services Inc., valued at approximately $11 million, indicating significant institutional interest in the company.
• Several analysts have upgraded their ratings for Eagle Financial Services, with Keefe, Bruyette & Woods raising the target price from $38.00 to $39.00 and labeling it as "outperform."
• Eagle Financial Services reported an earnings per share (EPS) of $0.98 for the last quarter, surpassing estimates and reflecting a net margin of 7.45% along with a quarterly dividend yield of 3.4%.

Wellington Management Group LLP acquired a new stake in Eagle Financial Services Inc. (NASDAQ:EFSI - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 335,668 shares of the company's stock, valued at approximately $11,007,000. Wellington Management Group LLP owned 6.24% of Eagle Financial Services at the end of the most recent reporting period.

Separately, Evermay Wealth Management LLC bought a new stake in shares of Eagle Financial Services in the 1st quarter valued at about $86,000. 0.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Eagle Financial Services Stock Performance

Shares of EFSI stock traded down $0.88 during midday trading on Tuesday, hitting $36.55. 13,484 shares of the company were exchanged, compared to its average volume of 13,148. The firm has a market capitalization of $196.64 million, a P/E ratio of 16.92 and a beta of 0.29. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.03 and a current ratio of 1.03. The firm's 50 day moving average price is $33.79 and its two-hundred day moving average price is $32.28. Eagle Financial Services Inc. has a 52 week low of $28.70 and a 52 week high of $37.43.

Eagle Financial Services (NASDAQ:EFSI - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.82 by $0.16. The business had revenue of $20.61 million during the quarter. Eagle Financial Services had a net margin of 7.45% and a return on equity of 9.87%.

Eagle Financial Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors 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 dividend yield of 3.4%. Eagle Financial Services's payout ratio is presently 57.41%.

About Eagle Financial Services

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.