EFSI Drops After Shareholder Meeting, Investors Look Again at Small Bank
Eagle Financial Services Inc fell 1% to $39.10 on Friday, reversing part of Thursday’s 5.9% gain as investors reviewed results from a shareholder vote. The company’s new employee stock purchase plan passed with 3.32 million votes in favor and reserves 160,000 shares. First-quarter net income dropped to $3.7 million from $4.3 million in the fourth quarter. Provision for credit losses rose to $2.0 million.