Eagle Financial Services (NASDAQ:EFSI) Trading 1.8% Higher – Should You Buy?

Eagle Financial Services Inc (NASDAQ:EFSI) was up 1.8% during trading on Wednesday . The stock traded as high as $32.60 and last traded at $32.25. Approximately 20,298 shares changed hands during trading, a decline of 21% from the average daily volume of 25,659 shares. The stock had previously closed at $31.69.

Analyst Ratings Changes

Several equities research analysts have recently commented on EFSI shares. DA Davidson assumed coverage on Eagle Financial Services in a report on Tuesday, March 4th. They issued a “buy” rating and a $40.00 price objective for the company. Keefe, Bruyette & Woods began coverage on shares of Eagle Financial Services in a research note on Thursday, March 13th. They set an “outperform” rating and a $40.00 price objective on the stock.

Eagle Financial Services Price Performance

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 company’s 50-day moving average is $32.17. The firm has a market capitalization of $173.47 million, a P/E ratio of 7.47 and a beta of 0.32.

Insider Buying and Selling at Eagle Financial Services

In related news, Director Thomas T. Gilpin purchased 1,000 shares of the stock in a transaction on Friday, February 7th. The shares were purchased at an average cost of $32.00 per share, with a total value of $32,000.00. Following the acquisition, the director now directly owns 50,490 shares in the company, valued at $1,615,680. The trade was a 2.02 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 12.28% 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.