UBS Group AG increased its stake in shares of Eagle Financial Services Inc. (NASDAQ:EFSI – Free Report) by 2,935.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 73,094 shares of the company’s stock after buying an additional 70,686 shares during the quarter. UBS Group AG’s holdings in Eagle Financial Services were worth $2,909,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Daytona Street Capital LLC purchased a new position in Eagle Financial Services during the fourth quarter worth approximately $60,000. United Capital Financial Advisors LLC purchased a new position in Eagle Financial Services during the third quarter worth approximately $613,000. Millennium Management LLC lifted its position in 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Eagle Financial Services during the third quarter worth approximately $84,000. Finally, Bank of America Corp DE lifted its position in Eagle Financial Services by 17.2% during the third quarter. Bank of America Corp DE now owns 8,064 shares of the company’s stock worth $305,000 after buying an additional 1,183 shares in the last quarter. Hedge funds and other institutional investors own 0.31% of the company’s stock.
Eagle Financial Services Price Performance
NASDAQ:EFSI opened at $39.12 on Tuesday. Eagle Financial Services Inc. has a 52 week low of $28.70 and a 52 week high of $41.12. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $211.64 million, a P/E ratio of 11.11 and a beta of 0.22. The stock’s fifty day moving average is $36.66 and its two-hundred day moving average is $37.52.
Eagle Financial Services Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were given a $0.31 dividend. The ex-dividend date was Monday, May 4th. This represents a $1.24 dividend on an annualized basis and a yield of 3.2%. Eagle Financial Services’s payout ratio is currently 35.23%.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on the company. Capital One Financial set a $43.00 price objective on Eagle Financial Services in a research report on Monday, February 9th. Zacks Research downgraded Eagle Financial Services from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 12th. Freedom Capital upgraded Eagle Financial Services from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 15th. DA Davidson reiterated a “neutral” rating and set a $40.00 price objective on shares of Eagle Financial Services in a research report on Monday, May 11th. Finally, Keefe, Bruyette & Woods lifted their target price on Eagle Financial Services from $42.00 to $43.00 and gave the company an “outperform” rating in a research report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Eagle Financial Services currently has an average rating of “Hold” and an average price target of $42.25.
View Our Latest Report on Eagle Financial Services
Insider Buying and Selling
In other Eagle Financial Services news, Director Scott M. Hamberger bought 909 shares of Eagle Financial Services stock in a transaction on Wednesday, March 11th. The shares were bought at an average price of $33.00 per share, for a total transaction of $29,997.00. Following the completion of the transaction, the director directly owned 2,550 shares of the company’s stock, valued at $84,150. This trade represents a 55.39% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 7.12% of the stock is owned by corporate insiders.
Eagle Financial Services 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.
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