We have recently released a list of 10 Stocks Insiders Are Purchasing This Year. In this piece, we will examine how Eagle Financial Services, Inc. (NASDAQ:EFSI) compares with other stocks that insiders are investing in this year.
Although it’s early in the year, we thought it would be beneficial to explore which stocks have garnered the highest interest from insiders. Why is this significant? Frequently, when executives or insiders buy shares early in the year, it can indicate their anticipation of robust financial performance or favorable developments for the company.
Conversely, insiders may also sell shares at the beginning of the year due to tax considerations. They might sell shares to realize tax losses or to balance out gains and losses from the previous year.
Insider buying and selling can be influenced by various reasons, but it’s crucial to interpret these actions in the larger context of the company’s fundamentals, industry movements, and overall market conditions. Hence, conducting thorough due diligence prior to investing is essential. Insider trading activity, when coupled with other pertinent factors, can yield valuable insights regarding a company’s potential, aiding investors in making more educated investment choices.
To compile the list of 10 stocks insiders are buying this year, we utilized Insider Monkey’s insider trading stock screener, aiming for stocks with a minimum of five insiders purchasing since the start of the year. For each stock, we highlight the number of insiders who recently acquired shares.
Our analysis has demonstrated that by mirroring the top investments of leading hedge funds and focusing on insider trading as well as stock selections from hedge fund investor newsletters and conferences, we can outperform the market. Our quarterly newsletter employs a strategy that picks 14 small-cap and large-cap stocks every quarter and has achieved a 275% return since May 2014, surpassing its benchmark by 150 percentage points (see more details here).
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Number of Insiders Buying: 21
Eagle Financial Services, Inc. (NASDAQ:EFSI) serves as the bank holding company for Bank of Clarke, which offers a wide range of retail and commercial banking products and services. It operates across three segments – Community Banking, Marine Lending, and Wealth Management. The bank’s commercial division focuses on attracting deposits from the public and investing those funds in commercial, consumer, and real estate loans as well as corporate, municipal, and U.S. government agency securities. The Bank’s deposits are insured by the Federal Deposit Insurance Corporation up to the legal limit.
