Eagle Financial Services Inc. (NASDAQ:EFSI) Short Interest Update

Eagle Financial Services Inc. (NASDAQ:EFSI) saw a significant increase in short interest in February. As of February 27th, there was short interest totaling 79,883 shares, an increase of 16.3% from the February 12th total of 68,670 shares. Based on an average daily trading volume, of 12,938 shares, the short-interest ratio is presently 6.2 days. Approximately 1.7% of the shares of the stock are short sold. Approximately 1.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 12,938 shares, the short-interest ratio is presently 6.2 days.

Wall Street Analysts Forecast Growth

EFSI has been the subject of several research analyst reports. DA Davidson assumed coverage on Eagle Financial Services in a research note on Wednesday, February 25th. They issued a “neutral” rating and a $43.00 price objective for the company. Weiss Ratings downgraded Eagle Financial Services from a “buy (b-)” rating to a “hold (c)” rating in a research report on Tuesday. Keefe, Bruyette & Woods upped their target price on Eagle Financial Services from $42.00 to $43.00 and gave the company an “outperform” rating in a report on Thursday, January 29th. Capital One Financial set a $43.00 price target on Eagle Financial Services in a research report on Monday, February 9th. Finally, Loop Capital set a $43.00 price objective on shares of Eagle Financial Services in a research report on Monday, February 9th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Eagle Financial Services currently has a consensus rating of “Hold” and a consensus price target of $43.00.

Insider Activity

In related news, Director Scott M. Hamberger purchased 909 shares of Eagle Financial Services stock in a transaction dated Wednesday, March 11th. The stock was bought at an average cost of $33.00 per share, for a total transaction of $29,997.00. Following the transaction, the director owned 2,550 shares in the company, valued at approximately $84,150. The trade was a 55.39% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 8.70% of the company’s stock.

Institutional Trading of Eagle Financial Services

A number of large investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. purchased a new stake in Eagle Financial Services in the 3rd quarter valued at about $26,000. Police & Firemen s Retirement System of New Jersey purchased a new position in shares of Eagle Financial Services during the 2nd quarter worth about $32,000. CWM LLC purchased a new position in shares of Eagle Financial Services during the 3rd quarter worth about $45,000. BNP Paribas Financial Markets boosted its position in shares of Eagle Financial Services by 82.8% in the third 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 stake in shares of Eagle Financial Services in the fourth quarter worth approximately $60,000. Institutional investors and hedge funds own 0.31% of the company’s stock.

Eagle Financial Services Trading Down 0.7%

Shares of EFSI opened at $32.03 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.04 and a quick ratio of 1.04. Eagle Financial Services has a 1-year low of $28.70 and a 1-year high of $41.12. The stock has a market cap of $173.28 million, a price-to-earnings ratio of 24.64 and a beta of 0.21. The firm has a 50 day simple moving average of $37.47 and a 200-day simple moving average of $37.59.

Eagle Financial Services (NASDAQ:EFSI) last posted its earnings results on Monday, January 26th. The company reported $0.81 earnings per share (EPS) for the quarter. The firm had revenue of $21.76 million for the quarter. Eagle Financial Services had a return on equity of 9.87% and a net margin of 7.76%.

Eagle Financial Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Monday, February 2nd were given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Monday, February 2nd. Eagle Financial Services’s dividend payout ratio is currently 95.38%.

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.