Maltese Capital Management LLC Sells 27,500 Shares of Eagle Financial Services Inc. $EFSI

Maltese Capital Management LLC decreased its stake in Eagle Financial Services Inc. (NASDAQ:EFSI) by 12.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 190,000 shares of the company’s stock after selling 27,500 shares during the quarter. Maltese Capital Management LLC’s holdings in Eagle Financial Services were worth $7,188,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in EFSI. Millennium Management LLC grew its stake in shares of Eagle Financial Services by 2.2% during the third quarter. Millennium Management LLC now owns 13,581 shares of the company’s stock worth $514,000 after buying an additional 288 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Eagle Financial Services in the 3rd quarter valued at $84,000. Bank of America Corp DE lifted its stake in shares of Eagle Financial Services by 17.2% in the 3rd quarter. Bank of America Corp DE now owns 8,064 shares of the company’s stock valued at $305,000 after acquiring an additional 1,183 shares during the last quarter. Two Sigma Investments LP boosted its holdings in shares of Eagle Financial Services by 62.5% during the 3rd quarter. Two Sigma Investments LP now owns 25,478 shares of the company’s stock valued at $964,000 after acquiring an additional 9,798 shares in the last quarter. Finally, BNP Paribas Financial Markets grew 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. Institutional investors and hedge funds own 0.31% of the company’s stock.

Insider Buying and Selling at Eagle Financial Services

In other news, Director Scott M. Hamberger bought 909 shares of the stock in a transaction that occurred on Wednesday, March 11th. The stock was acquired at an average price of $33.00 per share, with a total value of $29,997.00. Following the completion of the purchase, the director directly owned 2,550 shares of the company’s stock, valued at approximately $84,150. This represents a 55.39% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 12.28% of the stock is currently owned by company insiders.

Eagle Financial Services Stock Up 0.0%

Shares of EFSI opened at $32.51 on Tuesday. The stock’s 50-day moving average price is $37.75 and its two-hundred day moving average price is $37.67. Eagle Financial Services Inc. has a 12 month low of $28.70 and a 12 month high of $41.12. The company has a market capitalization of $174.90 million, a PE ratio of 25.01 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 issued 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 company had revenue of $21.76 million during the quarter.

Eagle Financial Services Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. DA Davidson initiated coverage on Eagle Financial Services in a report on Wednesday, February 25th. They issued a “neutral” rating and a $43.00 target price for the company. Loop Capital set a $43.00 price target on Eagle Financial Services in a report on Monday, February 9th. Keefe, Bruyette & Woods upped their price objective on Eagle Financial Services from $42.00 to $43.00 and gave the company an “outperform” rating in a research note on Thursday, January 29th. Capital One Financial set a $43.00 price objective on shares of Eagle Financial Services in a report on Monday, February 9th. Finally, Freedom Capital lowered shares of Eagle Financial Services from a “strong-buy” rating to a “hold” rating in a report on Monday, February 9th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $43.00.

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.