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Eagle Financial Services

EFSI on Nasdaq. Eagle Financial Services sells banking services to people and businesses in Virginia and Maryland. Market value $246m.

Watch this stockFree. We tell you when something changes.

Price checks use the past 12 months to June 2026. Some use the latest annual report instead, as marked. Quality checks use five annual reports, the latest for the year to December 2025.

We can't read total debt from the filing, so debt is left out.

Should I look at this?

Worth a closer look

Why it could be worth it

What to watch out for

Nothing stood out in the numbers we check.

Read what could go wrong

This is not advice. Check the numbers below.

Compare with another stock

Return on equity
five annual reports to December 2025
10.2%five-year median

Yearly profit per dollar of owners' money: 10 cents. Above 10 is good.

Price to book
quarterly report to June 2026
1.3×

What you pay for each dollar of net assets: $1.28.

Earnings yield
past 12 months to June 2026
7.5%

Profit per $100 you pay: $7.53.

Quality score: 89 of 100. Price score: 90 of 100. Our list needs 70 on quality and 60 on price.

$45.76 a share, 46% above its 1-year low

Over the past year the price has ranged from $31.44 to $48.17.

Dividend: 2.5% a year

Paid every year for at least 5 years

Payouts have jumped around in recent years, so this may not repeat.

Prices from Tuesday’s close (6 October).

Five years of cash, in billions

n/a
n/a
n/a
n/a
n/a
20212022202320242025
Revenue
$236,000$3,000$0n/an/a
Operating margin
n/an/an/an/an/a
Debt to equity
n/an/an/an/an/a
Shares outstanding
0.00bn0.00bn0.00bn0.01bn0.01bn

Health checks

  • Free cash flow positiveDoesn't apply to banks and insurers
  • Accounting checksDoesn't apply to banks and insurers
  • DebtDoesn't apply to banks and insurers
  • Revenue growth, five yearsUnknown
  • Buying back its own sharesNo, 55% more shares since 2021

The quarter to June 2026

How the business did, compared with the same quarter a year earlier.

  • Profit: $5 million, about the same as a year ago.
  • Spare cash over the past 12 months: $8 million, down from $21 million.
  • 1% more shares than a year ago. Each share owns a bit less of the company.
Profit by quarter
Profit by quarter
Quarter toAmount
September 2024$3m
December 2024$6m
March 2025-$7m
June 2025$5m
September 2025$6m
December 2025$4m
March 2026$4m
June 2026$5m

From the company's quarterly reports to the SEC.

Dates

Next results (estimated)
n/a
Last annual report (10-K)
16 March 2026
Next quarterly (estimated, 10-Q)
9 November 2026

Who owns it

None of the long-term investors we follow own it. 80 funds in all.

Jun '25
Dec '25
Jun '26
Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

3 investors own more than 5%.

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

In the last 12 months, 3 insiders bought $131,291 of shares on the open market. 3 sold $232,587.

  • SCHMIDT MARIANNE
    EXECUTIVE OFFICER
    Sold
    Date
    29 April 2026
    Shares
    388
    Price
    $37.95
    Value
    $14,725
  • HAMBERGER SCOTT M
    Director
    Bought
    Date
    11 March 2026
    Shares
    909
    Price
    $33.00
    Value
    $29,997
  • HILL EDWARD III
    Director
    Bought
    Date
    5 March 2026
    Shares
    939
    Price
    $34.62
    Value
    $32,508
  • Lorey Brandon Craig
    EXECUTIVE OFFICER, Director
    Bought
    Date
    2 March 2026
    Shares
    350
    Price
    $34.53
    Value
    $12,086
  • HAMBERGER SCOTT M
    Director
    Bought
    Date
    27 February 2026
    Shares
    945
    Price
    $36.00
    Value
    $34,020
  • HAMBERGER SCOTT M
    Director
    Bought
    Date
    30 January 2026
    Shares
    597
    Price
    $37.99
    Value
    $22,680
  • BRAITHWAITE TODD A
    EXECUTIVE OFFICER
    Sold
    Date
    3 December 2025
    Shares
    56
    Price
    $38.90
    Value
    $2,178
  • STOKELY JOHN D JR
    Director
    Sold
    Date
    29 October 2025
    Shares
    5,893
    Price
    $36.60
    Value
    $215,684

From Form 4 filings: insiders must report trades in their own company's shares within two days.

Warning signs in its filings

Problems the company itself reported to the SEC, in its own words.

None of the warning signs we check for were found.

We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.

We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 16 Mar 2026, plus the 10-Q filed 10 Aug 2026 and 4 later 8-Ks.

A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.

What could go wrong

Cheap for a reason is the question the numbers cannot answer.

Whether the price already reflects the risks is what the deep dive is for.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.