Eagle Financial Services Inc. $EFSI Position Cut by ELCO Management Co. LLC

ELCO Management Co. LLC lessened its position in Eagle Financial Services Inc. (NASDAQ:EFSI) by 81.2% during the third quarter, Holdings Channel reports. The fund owned 5,515 shares of the company’s stock after selling 23,855 shares during the quarter. ELCO Management Co. LLC’s holdings in Eagle Financial Services were worth $209,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Graham Capital Wealth Management LLC bought a new stake in shares of Eagle Financial Services in the 2nd quarter worth approximately $3,777,000. Geode Capital Management LLC lifted its position in shares of Eagle Financial Services by 148.9% during the 2nd quarter. Geode Capital Management LLC now owns 106,571 shares of the company’s stock valued at $3,264,000 after acquiring an additional 63,756 shares during the last quarter. Choreo LLC bought a new stake in shares of Eagle Financial Services during the 2nd quarter worth $1,849,000. Reynders McVeigh Capital Management LLC acquired a new position in shares of Eagle Financial Services in the 2nd quarter worth $325,000. Finally, Fourthstone LLC raised its position in shares of Eagle Financial Services by 3.6% during the second quarter. Fourthstone LLC now owns 281,262 shares of the company’s stock worth $8,612,000 after purchasing an additional 9,898 shares during the period. Institutional investors own 0.31% of the company’s stock.

Eagle Financial Services Stock Up 1.4%

Shares of EFSI stock opened at $39.25 on Thursday. Eagle Financial Services Inc. has a 52-week low of $28.70 and a 52-week high of $41.12. The stock has a market cap of $211.17 million, a price-to-earnings ratio of 30.19 and a beta of 0.20. The firm’s 50-day moving average is $39.34 and its 200-day moving average is $37.21. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.04 and a current ratio of 1.04.

Eagle Financial Services (NASDAQ:EFSI) last posted its quarterly earnings data on Monday, January 26th. The company reported $0.81 earnings per share (EPS) for the quarter. The firm had revenue of $21.76 million during the quarter. Eagle Financial Services had a net margin of 7.76% and a return on equity of 9.99%.

Eagle Financial Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Monday, February 2nd will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Monday, February 2nd. Eagle Financial Services’s payout ratio is currently 95.38%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Keefe, Bruyette & Woods raised 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. Wall Street Zen lowered Eagle Financial Services from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. DA Davidson cut Eagle Financial Services from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 20th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Eagle Financial Services in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Eagle Financial Services currently has an average rating of “Hold” and an average price target of $41.50.

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.