Eagle Financial Services (NASDAQ:EFSI) Coverage Initiated at Keefe, Bruyette & Woods

Analysts at Keefe, Bruyette & Woods initiated coverage on shares of Eagle Financial Services (NASDAQ:EFSI - Get Free Report) in a research note issued on Thursday, MarketBeat Ratings reports. The brokerage set an "outperform" rating and a $40.00 price target on the stock. Keefe, Bruyette & Woods' price objective would indicate a potential upside of 21.88% from the stock's current price.

Separately, DA Davidson started coverage on Eagle Financial Services in a research report on Tuesday, March 4th. They issued a "buy" rating and a $40.00 target price for the company.

Eagle Financial Services Stock Performance

EFSI traded up $0.23 during trading on Thursday, reaching $32.82. The stock had a trading volume of 44,050 shares, compared to its average volume of 14,125. The company has a market capitalization of $117.56 million, a price-to-earnings ratio of 7.60 and a beta of 0.52. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07. Eagle Financial Services has a 1-year low of $27.02 and a 1-year high of $36.93.

Insider Activity

In related news, Director Thomas T. Gilpin acquired 1,000 shares of the business's stock in a transaction dated Friday, February 7th. The stock was bought at an average price of $32.00 per share, for a total transaction of $32,000.00. Following the transaction, the director now owns 50,490 shares of the company's stock, valued at approximately $1,615,680. The trade was a 2.02 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 12.28% of the company's stock.

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About Eagle Financial Services

Eagle Financial Services, Inc operates as the bank holding company for Bank of Clarke County that provides various retail and commercial banking products and services in the Shenandoah Valley and Northern Virginia. The company's deposit products include checking, NOW, money market, and regular savings accounts; and demand and time deposits.