United Capital Financial Advisors LLC Buys Shares of 16,192 Eagle Financial Services Inc. $EFSI

United Capital Financial Advisors LLC bought a new position in Eagle Financial Services Inc. (NASDAQ:EFSI) during the second quarter, HoldingsChannel reports. The fund bought 16,192 shares of the company’s stock, valued at approximately $671,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. bought a new stake in Eagle Financial Services during the third quarter valued at about $26,000. BNP Paribas Financial Markets raised its position in shares of Eagle Financial Services by 82.8% during the third quarter. BNP Paribas Financial Markets now owns 1,188 shares of the company’s stock valued at $45,000 after buying an additional 538 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in Eagle Financial Services in the 2nd quarter valued at $67,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Eagle Financial Services in the third quarter worth about $84,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Eagle Financial Services during the 2nd quarter worth approximately $83,000. Institutional investors own 0.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on EFSI shares. Weiss Ratings upgraded shares of Eagle Financial Services from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, June 26th. Zacks Research downgraded Eagle Financial Services from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 11th. Freedom Capital raised shares of Eagle Financial Services from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 15th. DA Davidson reaffirmed a “neutral” rating and issued a $40.00 price objective on shares of Eagle Financial Services in a research note on Monday, July 27th. Finally, Freedom Broker cut shares of Eagle Financial Services from a “strong-buy” rating to a “hold” rating in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Eagle Financial Services presently has an average rating of “Moderate Buy” and a consensus target price of $42.25.

Eagle Financial Services Stock Performance

NASDAQ:EFSI opened at $41.53 on Monday. 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 firm has a fifty day simple moving average of $41.67 and a 200-day simple moving average of $38.97. The company has a market capitalization of $224.68 million, a P/E ratio of 12.00 and a beta of 0.23. Eagle Financial Services Inc. has a 12 month low of $31.44 and a 12 month high of $45.44.

Eagle Financial Services (NASDAQ:EFSI) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.37). The business had revenue of $25.56 million for the quarter, compared to analyst estimates of $21.29 million. Eagle Financial Services had a net margin of 15.16% and a return on equity of 8.38%. On average, equities research analysts anticipate that Eagle Financial Services Inc. will post 2.71 earnings per share for the current year.

Eagle Financial Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Monday, August 3rd were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Monday, August 3rd. Eagle Financial Services’s dividend payout ratio is presently 35.84%.

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.