Eagle Financial Services (NASDAQ:EFSI) Stock Price Up 2.1% – Still a Buy?

Shares of Eagle Financial Services Inc. (NASDAQ:EFSI) were up 2.1% during trading on Thursday . The company traded as high as $39.90 and last traded at $39.83. Approximately 11,343 shares traded hands during trading, a decline of 18% from the average daily volume of 13,877 shares. The stock had previously closed at $39.01.

Analyst Ratings Changes

Several research analysts have recently issued reports on EFSI shares. DA Davidson cut shares of Eagle Financial Services from a “strong-buy” rating to a “hold” rating in a report on Monday, October 20th. Weiss Ratings restated a “hold (c+)” rating on shares of Eagle Financial Services in a research report on Monday, December 29th. Finally, Wall Street Zen lowered Eagle Financial Services from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Eagle Financial Services has an average rating of “Hold” and an average target price of $39.50.

Eagle Financial Services Price Performance

The stock has a 50-day moving average of $37.95 and a two-hundred day moving average of $36.22. The firm has a market cap of $214.13 million, a price-to-earnings ratio of 17.86 and a beta of 0.21. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.37.

Eagle Financial Services (NASDAQ:EFSI) last posted its quarterly earnings data on Thursday, October 23rd. The company reported $1.04 earnings per share (EPS) for the quarter. Eagle Financial Services had a return on equity of 10.17% and a net margin of 9.30%.The firm had revenue of $22.39 million for the quarter.

Eagle Financial Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Monday, November 3rd were issued a dividend of $0.31 per share. The ex-dividend date was Monday, November 3rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.1%. Eagle Financial Services’s payout ratio is currently 55.61%.

Insider Buying and Selling

In related news, Director John D. Stokely, Jr. sold 5,815 shares of the firm’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $36.60, for a total value of $212,829.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders have sold 5,949 shares of company stock valued at $217,862. Company insiders own 8.70% of the company’s stock.

Institutional Trading of Eagle Financial Services

A number of hedge funds have recently modified their holdings of EFSI. Vanguard Group Inc. increased its position in Eagle Financial Services by 105.3% in the 3rd quarter. Vanguard Group Inc. now owns 306,800 shares of the company’s stock worth $11,606,000 after purchasing an additional 157,331 shares during the last quarter. Graham Capital Wealth Management LLC bought a new stake in shares of Eagle Financial Services in the 2nd quarter valued at approximately $3,777,000. Geode Capital Management LLC increased its holdings in Eagle Financial Services by 148.9% in 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 during the last quarter. Choreo LLC bought a new position in Eagle Financial Services during the second quarter valued at approximately $1,849,000. Finally, United Capital Financial Advisors LLC bought a new position in Eagle Financial Services during the third quarter valued at approximately $613,000. Hedge funds and other institutional investors own 0.31% of the company’s stock.

About Eagle Financial Services

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.