Insider Buying: Eagle Financial Services (NASDAQ:EFSI) Director Purchases 909 Shares of Stock

Key Points

• Director Scott Hamberger bought 909 shares of Eagle Financial Services at an average price of $33.00 on March 11, increasing his stake by 55.39% to 2,550 shares (filed with the SEC).
• Shares traded down 1.0% to $32.33 with a market cap of $173.9M and a P/E of 24.87; the company pays an annualized dividend of $1.24 (yield 3.8%) but has a high payout ratio of 95.38%.
• Analysts currently have a consensus rating of "Hold" with a $43.00 consensus price target after mixed recent coverage (two Buys, three Holds).

Eagle Financial Services Inc. (NASDAQ:EFSI - Get Free Report) Director Scott Hamberger bought 909 shares of the firm's stock in a transaction on Wednesday, March 11th. The shares were bought at an average cost of $33.00 per share, with a total value of $29,997.00. Following the purchase, the director directly owned 2,550 shares in the company, valued at approximately $84,150. This trade represents a 55.39% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Eagle Financial Services Stock Down 1.0%

Shares of Eagle Financial Services stock traded down $0.33 on Thursday, hitting $32.33. 10,953 shares of the company traded hands, compared to its average volume of 14,375. Eagle Financial Services Inc. has a 12-month low of $28.70 and a 12-month high of $41.12. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.37. The company has a market cap of $173.94 million, a PE ratio of 24.87 and a beta of 0.21. The company has a 50-day moving average price of $38.17 and a 200 day moving average price of $37.74.

Eagle Financial Services (NASDAQ:EFSI - Get Free Report) last announced its quarterly earnings data on Monday, January 26th. The company reported $0.81 earnings per share (EPS) for the quarter. Eagle Financial Services had a return on equity of 9.99% and a net margin of 7.76%.The business had revenue of $21.76 million during the quarter.

Eagle Financial Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Monday, February 2nd were paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.8%. Eagle Financial Services's dividend payout ratio (DPR) is 95.38%.

Institutional Investors Weigh In On Eagle Financial Services

Several institutional investors and hedge funds have recently added to or reduced their stakes in EFSI. Russell Investments Group Ltd. acquired a new position in Eagle Financial Services during the third quarter valued at approximately $26,000. Police & Firemen s Retirement System of New Jersey acquired a new position in Eagle Financial Services in the 2nd quarter valued at $32,000. CWM LLC bought a new position in Eagle Financial Services in the 3rd quarter worth $45,000. BNP Paribas Financial Markets lifted its position in Eagle Financial Services by 82.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,188 shares of the company's stock worth $45,000 after acquiring an additional 538 shares during the last quarter. Finally, Daytona Street Capital LLC acquired a new position in Eagle Financial Services during the 4th quarter worth $60,000. 0.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. DA Davidson assumed coverage on Eagle Financial Services in a report on Wednesday, February 25th. They issued a "neutral" rating and a $43.00 price objective on the stock. Loop Capital set a $43.00 target price on shares of Eagle Financial Services in a research note on Monday, February 9th. Capital One Financial set a $43.00 price target on shares of Eagle Financial Services in a research note on Monday, February 9th. Freedom Capital downgraded shares of Eagle Financial Services from a "strong-buy" rating to a "hold" rating in a report on Monday, February 9th. Finally, Zacks Research upgraded shares of Eagle Financial Services to a "hold" rating in a report on Thursday, February 26th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $43.00.

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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