Shares of Eastern Virginia Bankshares Inc. (NASDAQ:EVBS) reached a new 52-week high during trading on Friday . The company traded as high as $7.79 and last traded at $7.79, with a volume of 12,193 shares traded. The stock had previously closed at $7.50.

A number of analysts recently commented on the stock. Zacks Investment Research cut shares of Eastern Virginia Bankshares from a “hold” rating to a “sell” rating in a research note on Thursday, July 28th. Sandler O’Neill assumed coverage on shares of Eastern Virginia Bankshares in a research note on Tuesday. They issued a “hold” rating and a $8.00 target price for the company.

The company’s 50 day moving average is $7.45 and its 200 day moving average is $7.07. The firm has a market capitalization of $100.59 million and a price-to-earnings ratio of 16.77.

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. On average, equities analysts predict that Eastern Virginia Bankshares Inc. will post $0.47 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 26th. Investors of record on Friday, August 12th will be given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 1.04%. The ex-dividend date is Wednesday, August 10th.

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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