Eagle Financial Services (NASDAQ:EFSI) Now Covered by Analysts at DA Davidson

Stock analysts at DA Davidson assumed coverage on shares of Eagle Financial Services (NASDAQ:EFSI) in a report issued on Tuesday,Benzinga reports. The brokerage set a “buy” rating and a $40.00 price target on the stock. DA Davidson’s price target points to a potential upside of 23.46% from the company’s current price.

Eagle Financial Services Stock Performance

Shares of EFSI traded down $0.23 during midday trading on Tuesday, hitting $32.40. The stock had a trading volume of 5,395 shares, compared to its average volume of 8,389. The stock has a market cap of $116.06 million, a price-to-earnings ratio of 7.50 and a beta of 0.53. 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 fifty-two week low of $27.02 and a fifty-two week high of $36.93.

Insiders Place Their Bets

In other Eagle Financial Services news, Director Thomas T. Gilpin acquired 1,000 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was purchased at an average cost 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 $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 can be accessed through the SEC website. Corporate insiders own 12.28% of the company’s stock.

Eagle Financial Services Company Profile

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.