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Scott M. Hamberger, a director at Eagle Financial Services Inc. (OTC:EFSI), recently purchased 771 shares of the company’s common stock, according to a filing with the Securities and Exchange Commission. The shares were acquired at a price of $31 each, amounting to a total purchase value of $23,901. The purchase comes as the $164 million market cap company trades at 0.94 times book value and offers a 4% dividend yield. According to InvestingPro, Eagle Financial has raised its dividend for 22 consecutive years. Following this transaction, Hamberger holds a total of 10,341.71 shares, which includes shares acquired through the company’s Dividend Investment Plan. InvestingPro analysis reveals the company maintains strong shareholder returns, with additional insights available to subscribers.
In other recent news, Eagle Financial Services, Inc. announced the appointment of Karthik Shyamsunder as a new board member, effective May 20, 2025. Shyamsunder brings over 30 years of experience in technology and telecommunications, currently serving as Vice President and Distinguished Engineer at VeriSign Inc (NASDAQ:VRSN). His expertise in artificial intelligence, machine learning, and cloud computing is anticipated to provide valuable insights to the company and its subsidiary, Bank of Clarke. Additionally, Eagle Financial Services held its Annual Meeting of Shareholders, where three directors, Scott M. Hamberger, John R. Milleson, and Robert W. Smalley, Jr., were elected for three-year terms. Shareholders ratified the appointment of Yount, Hyde & Barbour, P.C. as the independent registered public accounting firm for the fiscal year ending December 31, 2025. They also approved, in a non-binding vote, the compensation of the company’s named executive officers and decided on a three-year frequency for future advisory votes on executive compensation. Detailed voting results for each proposal were made available, including votes for, against, withheld, abstained, and broker non-votes.
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