Zacks: Eastern Virginia Bankshares Inc. (NASDAQ:EVBS) Receives Average Rating of “Hold” from Brokerages
Eastern Virginia Bankshares Inc. (NASDAQ:EVBS) has received a consensus broker rating score of 3.00 (Hold) from the four analysts that cover the stock, Zacks Investment Research reports. Four research analysts have rated the stock with a hold recommendation.
Zacks has also given Eastern Virginia Bankshares an industry rank of 88 out of 265 based on the ratings given to related companies.
Several brokerages recently weighed in on EVBS. Zacks Investment Research upgraded Eastern Virginia Bankshares from a “sell” rating to a “hold” rating in a research note on Tuesday, September 27th. Sandler O’Neill began coverage on Eastern Virginia Bankshares in a research note on Tuesday, August 9th. They set a “hold” rating and a $8.00 target price on the stock.
A number of hedge funds have recently modified their holdings of EVBS. 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 worth $578,000 after buying an additional 706 shares in the last quarter. Deprince Race & Zollo Inc. purchased a new stake in shares of Eastern Virginia Bankshares during the second quarter worth approximately $417,000. 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 worth $1,023,000 after buying an additional 6,181 shares in the last quarter. Finally, 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 worth $119,000 after buying an additional 2,210 shares in the last quarter. 41.64% of the stock is owned by institutional investors.
Shares of Eastern Virginia Bankshares (NASDAQ:EVBS) traded up 2.43% during mid-day trading on Thursday, reaching $8.01. The company’s stock had a trading volume of 3,096 shares. Eastern Virginia Bankshares has a 12-month low of $6.25 and a 12-month high of $8.69. The firm has a market cap of $103.52 million, a P/E ratio of 17.60 and a beta of 0.03. The firm’s 50-day moving average price is $7.75 and its 200 day moving average price is $7.33.
Eastern Virginia Bankshares (NASDAQ:EVBS) last announced its earnings results on Monday, July 25th. The financial services provider reported $0.11 earnings per share 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 expect that Eastern Virginia Bankshares will post $0.47 EPS for the current year.
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.
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