Eagle Financial Services (NASDAQ:EFSI) Given New $39.00 Price Target at Keefe, Bruyette & Woods

Eagle Financial Services (NASDAQ:EFSI) had its price target lifted by Keefe, Bruyette & Woods from $38.00 to $39.00 in a report issued on Monday,Benzinga reports. They currently have an outperform rating on the stock.

Several other analysts have also weighed in on EFSI. Wall Street Zen upgraded Eagle Financial Services from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. DA Davidson upped their price objective on Eagle Financial Services from $39.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, July 30th.

Eagle Financial Services Stock Up 0.3%

Shares of Eagle Financial Services stock opened at $33.12 on Monday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.05 and a current ratio of 1.06. The firm has a market capitalization of $178.19 million, a price-to-earnings ratio of 15.33 and a beta of 0.26. The company has a fifty day moving average price of $31.79. Eagle Financial Services has a fifty-two week low of $28.70 and a fifty-two week high of $36.93.

Eagle Financial Services (NASDAQ:EFSI) last announced its quarterly earnings data on Thursday, July 24th. The company reported $0.98 earnings per share for the quarter, beating 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 return on equity of 10.62% and a net margin of 7.45%.

Eagle Financial Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Monday, August 4th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Monday, August 4th. Eagle Financial Services’s dividend payout ratio is currently 57.41%.

Insider Activity at Eagle Financial Services

In related news, Director Scott M. Hamberger bought 849 shares of Eagle Financial Services stock in a transaction dated Friday, May 23rd. The stock was acquired at an average cost of $31.00 per share, with a total value of $26,319.00. Following the completion of the acquisition, the director directly owned 9,571 shares in the company, valued at approximately $296,701. This trade represents a 9.73% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders acquired 1,923 shares of company stock worth $60,219 over the last three months. Corporate insiders own 12.28% of the company’s stock.

Institutional Investors Weigh In On Eagle Financial Services

Several hedge funds 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 1st quarter worth about $5,194,000. Azora Capital LP purchased a new stake in Eagle Financial Services in the 1st quarter worth about $3,275,000. Jacobs Asset Management LLC purchased a new stake in Eagle Financial Services in the 1st quarter worth about $2,565,000. Finally, Mendon Capital Advisors Corp purchased a new stake in Eagle Financial Services in the 1st quarter worth about $1,640,000. 0.31% of the stock is owned by hedge funds and other institutional investors.

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.