Eagle Financial Services Inc. (NASDAQ:EFSI) Sees Significant Decline in Short Interest

Eagle Financial Services Inc. (NASDAQ:EFSI) was the target of a significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 68,670 shares, a drop of 27.6% from the January 29th total of 94,817 shares. Approximately 1.5% of the company’s stock are short sold. Based on an average daily trading volume, of 14,820 shares, the short-interest ratio is presently 4.6 days. Based on an average daily trading volume, of 14,820 shares, the short-interest ratio is presently 4.6 days. Approximately 1.5% of the company’s stock are short sold.

Eagle Financial Services Price Performance

Shares of NASDAQ:EFSI opened at $34.71 on Friday. The business has a fifty day moving average price of $39.08 and a 200-day moving average price of $37.79. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market capitalization of $186.74 million, a PE ratio of 26.70 and a beta of 0.20. Eagle Financial Services has a 1-year low of $28.70 and a 1-year high of $41.12.

Eagle Financial Services (NASDAQ:EFSI) last announced its quarterly earnings data on Monday, January 26th. The company reported $0.81 EPS for the quarter. The company had revenue of $21.76 million for 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 disclosed a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Monday, February 2nd were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $1.24 annualized dividend and a dividend yield of 3.6%. Eagle Financial Services’s dividend payout ratio (DPR) is 95.38%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on EFSI. Weiss Ratings raised Eagle Financial Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 9th. Capital One Financial set a $43.00 price objective on Eagle Financial Services in a report on Monday, February 9th. Freedom Capital cut shares of Eagle Financial Services from a “strong-buy” rating to a “hold” rating in a report on Monday, February 9th. Loop Capital set a $43.00 price target on shares of Eagle Financial Services in a research note on Monday, February 9th. Finally, DA Davidson began coverage on shares of Eagle Financial Services in a research report on Wednesday. They set a “neutral” rating and a $43.00 price target for the company. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $43.00.

Institutional Trading of Eagle Financial Services

A number of institutional investors have recently made changes to their positions in EFSI. Fourthstone LLC grew its stake in shares of Eagle Financial Services by 64.0% in the fourth quarter. Fourthstone LLC now owns 453,918 shares of the company’s stock worth $18,064,000 after acquiring an additional 177,132 shares during the period. Vanguard Group Inc. grew its position in Eagle Financial Services by 105.3% in the 3rd quarter. Vanguard Group Inc. now owns 306,800 shares of the company’s stock worth $11,606,000 after purchasing an additional 157,331 shares during the period. Graham Capital Wealth Management LLC purchased a new stake in Eagle Financial Services during the 2nd quarter valued at $3,777,000. UBS Group AG lifted its holdings in shares of Eagle Financial Services by 2,935.5% during the 4th quarter. UBS Group AG now owns 73,094 shares of the company’s stock valued at $2,909,000 after buying an additional 70,686 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Eagle Financial Services by 148.9% in the 2nd quarter. Geode Capital Management LLC now owns 106,571 shares of the company’s stock worth $3,264,000 after buying an additional 63,756 shares during the last quarter. Hedge funds and other institutional investors own 0.31% of the company’s stock.

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.