Eagle Financial Services Inc (NASDAQ:EFSI) Director Acquires $26,319.00 in Stock

Eagle Financial Services Inc (NASDAQ:EFSI - Get Free Report) Director Scott M. Hamberger purchased 849 shares of Eagle Financial Services stock in a transaction dated Friday, May 23rd. The shares were purchased at an average price of $31.00 per share, with a total value of $26,319.00. Following the completion of the transaction, the director now directly owns 9,571 shares in the company, valued at approximately $296,701. This represents a 9.73% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link.

Eagle Financial Services Stock Down 0.7%

Shares of NASDAQ:EFSI traded down $0.22 during midday trading on Friday, hitting $31.52. 12,443 shares of the stock traded hands, compared to its average volume of 25,519. Eagle Financial Services Inc has a one year low of $28.83 and a one year high of $36.93. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07. The stock's 50 day simple moving average is $31.38. The stock has a market cap of $169.51 million, a PE ratio of 7.30 and a beta of 0.26.

Eagle Financial Services (NASDAQ:EFSI - Get Free Report) last announced its quarterly earnings data on Friday, April 25th. The company reported $0.62 earnings per share for the quarter, missing analysts' consensus estimates of $0.92 by ($0.30). Eagle Financial Services had a net margin of 13.59% and a return on equity of 10.92%. The company had revenue of $4.78 million for the quarter.

Eagle Financial Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Monday, May 5th were paid a dividend of $0.31 per share. The ex-dividend date was Monday, May 5th. This represents a $1.24 annualized dividend and a dividend yield of 3.93%. Eagle Financial Services's dividend payout ratio (DPR) is presently 59.90%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on EFSI shares. Keefe, Bruyette & Woods started coverage on shares of Eagle Financial Services in a research report on Thursday, March 13th. They issued an "outperform" rating and a $40.00 target price for the company. DA Davidson initiated coverage on shares of Eagle Financial Services in a research note on Tuesday, March 4th. They issued a "buy" rating and a $40.00 price target for the company.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of EFSI. Wellington Management Group LLP purchased a new stake in shares of Eagle Financial Services during the first quarter valued at $11,007,000. EJF Capital LLC purchased a new stake in Eagle Financial Services in the first quarter valued at approximately $5,194,000. Azora Capital LP acquired a new position in Eagle Financial Services in the 1st quarter worth approximately $3,275,000. Jacobs Asset Management LLC purchased a new position in Eagle Financial Services during the 1st quarter worth approximately $2,565,000. Finally, Mendon Capital Advisors Corp purchased a new stake in shares of Eagle Financial Services in the 1st quarter valued at $1,640,000. Institutional investors own 0.31% of the company's stock.

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.