Eastern Virginia Bankshares Inc. (EVBS) Hits New 12-Month High at $7.79
Shares of Eastern Virginia Bankshares Inc. (NASDAQ:EVBS) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $7.79 and last traded at $7.79, with a volume of 12,193 shares changing hands. The stock had previously closed at $7.50.
A number of analysts have issued reports on EVBS shares. Zacks Investment Research lowered Eastern Virginia Bankshares from a “buy” rating to a “hold” rating in a research report on Monday, June 27th. Sandler O’Neill started 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 target for the company.
The firm has a market capitalization of $100.59 million and a price-to-earnings ratio of 16.77. The company has a 50-day moving average of $7.45 and a 200-day moving average of $7.07.
Eastern Virginia Bankshares (NASDAQ:EVBS) last released its quarterly earnings results on Monday, July 25th. The financial services provider reported $0.11 EPS for the quarter, missing the consensus estimate of $0.12 by $0.01. Analysts forecast that Eastern Virginia Bankshares Inc. will post $0.47 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 26th. Stockholders of record on Friday, August 12th will be given a $0.02 dividend. The ex-dividend date of this dividend is Wednesday, August 10th. This represents a $0.08 annualized dividend and a dividend yield of 1.04%.
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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