Eagle Financial Services jumps on $253 million buyout deal with John Marshall Bancorp
EFSI•Deal terms and valuation
EFSI shareholders will receive two shares of John Marshall for each share held, valuing the firm at $46.72 per share.
The deal represents a roughly 11.5% premium to EFSI’s closing stock price of $41.90.
Dividend plans and expected timing
JMSB plans to quarterly cash dividend to $0.155 per share following deal close, which is expected in first quarter of 2027.
Advisers and recent stock performance
Keefe, Bruyette & Woods advised John Marshall and Piper Sandler advised EFSI.
As of last close, EFSI stock up 5.3% YTD.
Eagle Financial Services rises on all-stock buyout
U.S. bank Eagle Financial Services' EFSI.O shares jump 8.6% to $45.50.
John Marshall Bancorp JMSB.O will buy EFSI in a $253 million all-stock deal, creating a combined bank with $4.4 billion in assets.
