Eagle Financial Services (NASDAQ:EFSI) Stock Price Up 1.8% - Should You Buy?

Eagle Financial Services Inc (NASDAQ:EFSI - Get Free Report)'s share price shot up 1.8% during mid-day trading on Wednesday . The stock traded as high as $32.60 and last traded at $32.25. 20,298 shares traded hands during mid-day trading, a decline of 21% from the average session volume of 25,659 shares. The stock had previously closed at $31.69.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on EFSI shares. Keefe, Bruyette & Woods started coverage on Eagle Financial Services in a report on Thursday, March 13th. They set an "outperform" rating and a $40.00 price objective on the stock. DA Davidson began coverage on shares of Eagle Financial Services in a research report on Tuesday, March 4th. They issued a "buy" rating and a $40.00 price objective on the stock.

Eagle Financial Services Stock Down 7.6 %

The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a fifty day moving average price of $32.14. The stock has a market cap of $160.99 million, a price-to-earnings ratio of 6.93 and a beta of 0.32.

Eagle Financial Services (NASDAQ:EFSI - Get Free Report) last announced its earnings results on Friday, April 25th. The company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.30). Eagle Financial Services had a return on equity of 10.92% and a net margin of 13.59%. The business had revenue of $4.78 million for the quarter.

Insider Activity at Eagle Financial Services

In other news, Director Thomas T. Gilpin purchased 1,000 shares of the business's stock in a transaction on Friday, February 7th. The stock was purchased at an average price of $32.00 per share, for a total transaction of $32,000.00. Following the completion of the purchase, the director now directly owns 50,490 shares in the company, valued at $1,615,680. The trade was a 2.02 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 12.28% of the stock is owned by company insiders.

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.