Eastern Virginia Bankshares Inc. (NASDAQ:EVBS) has been given an average broker rating score of 3.00 (Hold) from the four brokers that provide coverage for the company, Zacks Investment Research reports. Four investment analysts have rated the stock with a hold recommendation.
Zacks has also given Eastern Virginia Bankshares an industry rank of 110 out of 265 based on the ratings given to related companies.
A number of brokerages have recently issued reports on EVBS. Zacks Investment Research raised shares of Eastern Virginia Bankshares from a “sell” rating to a “hold” rating in a research note on Wednesday, September 7th. Sandler O’Neill began coverage on shares of Eastern Virginia Bankshares in a research note on Tuesday, August 9th. They issued a “hold” rating and a $8.00 price objective for the company.
Shares of Eastern Virginia Bankshares (NASDAQ:EVBS) opened at 8.50 on Thursday. Eastern Virginia Bankshares has a 1-year low of $6.25 and a 1-year high of $8.69. The company has a market capitalization of $109.85 million, a P/E ratio of 18.68 and a beta of 0.03. The firm has a 50-day moving average of $7.80 and a 200 day moving average of $7.37.
Eastern Virginia Bankshares (NASDAQ:EVBS) last issued its quarterly earnings results on Monday, July 25th. The financial services provider reported $0.11 EPS for the quarter, missing the Zacks’ consensus estimate of $0.12 by $0.01. Eastern Virginia Bankshares had a return on equity of 7.04% and a net margin of 14.81%. On average, equities research analysts expect that Eastern Virginia Bankshares will post $0.47 earnings per share for the current year.
Several large investors have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its stake in shares of Eastern Virginia Bankshares by 14.1% in the first quarter. Geode Capital Management LLC now owns 17,915 shares of the financial services provider’s stock valued at $119,000 after buying an additional 2,210 shares during the last quarter. Deprince Race & Zollo Inc. purchased a new stake in shares of Eastern Virginia Bankshares during the second quarter valued at $417,000. Dimensional Fund Advisors LP boosted its stake in shares of Eastern Virginia Bankshares by 0.9% in the second quarter. Dimensional Fund Advisors LP now owns 76,581 shares of the financial services provider’s stock valued at $578,000 after buying an additional 706 shares during the last quarter. Finally, Pinnacle Holdings LLC boosted its stake in shares of Eastern Virginia Bankshares by 4.2% in the first quarter. Pinnacle Holdings LLC now owns 152,962 shares of the financial services provider’s stock valued at $1,023,000 after buying an additional 6,181 shares during the last quarter. 41.64% of the stock is owned by institutional investors.
About Eastern Virginia Bankshares
Eastern Virginia Bankshares, Inc is a bank holding company. The Company operates through its bank subsidiary, EVB (the Bank). EVB is a community bank focusing on small to medium-sized businesses and consumers in its coastal plain markets and the emerging suburbs outside of the Richmond, Tidewater, and southern Virginia areas.
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