Transmarket Holdings LP bought a new stake in shares of Eagle Financial Services Inc. (NASDAQ:EFSI – Free Report) in the third quarter, HoldingsChannel.com reports. The institutional investor bought 20,619 shares of the company’s stock, valued at approximately $934,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in Eagle Financial Services in the second quarter worth $14,315,000. Susquehanna International Group LLP purchased a new position in Eagle Financial Services during the 2nd quarter valued at $1,199,000. Dimensional Fund Advisors LP increased its position in Eagle Financial Services by 53.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 24,095 shares of the company’s stock valued at $843,000 after purchasing an additional 8,371 shares during the period. United Capital Financial Advisors LLC bought a new position in Eagle Financial Services in the 2nd quarter worth $671,000. Finally, Bank of New York Mellon Corp bought a new position in Eagle Financial Services in the 2nd quarter worth $651,000. Institutional investors own 0.31% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts have recently commented on EFSI shares. Freedom Broker cut shares of Eagle Financial Services from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 27th. Zacks Research raised shares of Eagle Financial Services from a “strong sell” rating to a “hold” rating in a research note on Friday, September 25th. Wall Street Zen lowered shares of Eagle Financial Services from a “sell” rating to a “strong sell” rating in a report on Monday, September 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Eagle Financial Services in a research report on Tuesday, September 22nd. Finally, DA Davidson lifted their price objective on Eagle Financial Services from $40.00 to $46.00 and gave the company a “neutral” rating in a research report on Wednesday, September 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $43.75.
Check Out Our Latest Stock Report on Eagle Financial Services
Eagle Financial Services Price Performance
EFSI opened at $45.50 on Thursday. The stock has a fifty day simple moving average of $44.76 and a two-hundred day simple moving average of $40.33. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.15. The company has a market cap of $246.16 million, a price-to-earnings ratio of 13.79 and a beta of 0.21. Eagle Financial Services Inc. has a 12-month low of $31.44 and a 12-month high of $48.17.
Eagle Financial Services (NASDAQ:EFSI – Get Free Report) last announced its quarterly earnings data on Thursday, October 22nd. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.88 by $0.05. Eagle Financial Services had a return on equity of 8.02% and a net margin of 14.55%. The business had revenue of $22.93 million during the quarter, compared to analyst estimates of $22.09 million. Research analysts predict that Eagle Financial Services Inc. will post 2.71 earnings per share for the current fiscal year.
Eagle Financial Services Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Monday, November 2nd will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Monday, November 2nd. Eagle Financial Services’s dividend payout ratio (DPR) is presently 37.58%.
Eagle Financial Services Company Profile
Eagle Financial Services, Inc is a bank holding company headquartered in Berryville, Virginia. It operates through its principal subsidiary, Bank of Clarke County, a community bank that has served customers in Virginia’s Northern Shenandoah Valley since 1881.
Bank of Clarke County provides personal and business banking services, including checking and savings accounts, certificates of deposit, consumer loans, commercial lending, residential mortgage financing, and online and mobile banking services.
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