Maltese Capital Management LLC Sells 27,500 Shares of Eagle Financial Services Inc. $EFSI

Maltese Capital Management LLC decreased its position in shares of Eagle Financial Services Inc. (NASDAQ:EFSI) by 12.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 190,000 shares of the company’s stock after selling 27,500 shares during the period. Maltese Capital Management LLC owned approximately 3.53% of Eagle Financial Services worth $7,188,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of EFSI. Vanguard Group Inc. boosted its position in shares of Eagle Financial Services by 105.3% in the third quarter. Vanguard Group Inc. now owns 306,800 shares of the company’s stock valued at $11,606,000 after acquiring an additional 157,331 shares during the period. Graham Capital Wealth Management LLC bought a new position in Eagle Financial Services during the second quarter worth about $3,777,000. Geode Capital Management LLC raised its stake in 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 purchasing an additional 63,756 shares in the last quarter. Choreo LLC acquired a new stake in Eagle Financial Services in the 2nd quarter worth about $1,849,000. Finally, Reynders McVeigh Capital Management LLC bought a new stake in Eagle Financial Services in the 2nd quarter valued at about $325,000. Institutional investors and hedge funds own 0.31% of the company’s stock.

Insiders Place Their Bets

In other Eagle Financial Services news, Director Scott M. Hamberger acquired 909 shares of Eagle Financial Services stock in a transaction that occurred on Wednesday, March 11th. The shares were acquired at an average cost of $33.00 per share, with a total value of $29,997.00. Following the completion of the purchase, the director directly owned 2,550 shares of the company’s stock, valued at $84,150. This represents a 55.39% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 12.28% of the stock is owned by company insiders.

Eagle Financial Services Stock Performance

NASDAQ EFSI opened at $32.51 on Tuesday. The firm’s 50 day simple moving average is $37.75 and its 200 day simple moving average is $37.67. The firm has a market capitalization of $174.90 million, a price-to-earnings ratio of 25.01 and a beta of 0.21. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.37. Eagle Financial Services Inc. 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 business 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 Dividend Announcement

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. This represents a $1.24 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Monday, February 2nd. Eagle Financial Services’s dividend payout ratio is currently 95.38%.

Analysts Set New Price Targets

EFSI has been the topic of several recent research reports. Capital One Financial set a $43.00 target price on shares of Eagle Financial Services in a report on Monday, February 9th. Weiss Ratings raised Eagle Financial Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 9th. Loop Capital set a $43.00 price objective on Eagle Financial Services in a research note on Monday, February 9th. Freedom Capital downgraded Eagle Financial Services from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. Finally, Keefe, Bruyette & Woods increased their target price on Eagle Financial Services from $42.00 to $43.00 and gave the stock an “outperform” rating in a report on Thursday, January 29th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $43.00.

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.