According to Zacks, “EASTERN VA BKSH is a bank holding company. Through subsidiaries, they provide full banking services, including commercial and consumer demand and time deposit accounts, commercial and consumer loans, Visa and Mastercard revolving credit accounts, drive-in banking services and automated teller machine transactions. The area served by them is primarily the counties of Essex, Northumberland, King & Queen, King William, Richmond, Lancaster, Hanover, Gloucester, Middlesex and Caroline. “
Separately, Sandler O’Neill started coverage on Eastern Virginia Bankshares in a research report on Tuesday, August 9th. They set a hold rating and a $8.00 target price on the stock.
Eastern Virginia Bankshares (NASDAQ:EVBS) opened at 8.04 on Tuesday. The firm has a market capitalization of $103.91 million, a price-to-earnings ratio of 17.67 and a beta of 0.07. Eastern Virginia Bankshares has a one year low of $6.25 and a one year high of $8.69. The stock has a 50 day moving average price of $7.70 and a 200-day moving average price of $7.29.
Eastern Virginia Bankshares (NASDAQ:EVBS) last released its earnings results on Monday, July 25th. The financial services provider reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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, analysts predict that Eastern Virginia Bankshares will post $0.47 earnings per share for the current fiscal year.
Several large investors have recently added to or reduced their stakes in EVBS. Deprince Race & Zollo Inc. purchased a new stake in Eastern Virginia Bankshares during the second quarter worth $417,000. Pinnacle Holdings LLC raised its stake in 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 worth $1,023,000 after buying an additional 6,181 shares during the last quarter. Geode Capital Management LLC raised its stake in 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 worth $119,000 after buying an additional 2,210 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in 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 worth $578,000 after buying an additional 706 shares during the last quarter. Institutional investors and hedge funds own 41.64% of the company’s stock.
Eastern Virginia Bankshares Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Eastern Virginia Bankshares Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eastern Virginia Bankshares Inc. and related companies with MarketBeat.com's FREE daily email newsletter.