Eastern Virginia Bankshares, Inc. (EVBS) PT Set at $11.00 by Keefe, Bruyette & Woods
Eastern Virginia Bankshares, Inc. (NASDAQ:EVBS) has been assigned a $11.00 price objective by analysts at Keefe, Bruyette & Woods in a research report issued on Friday. The firm currently has a “hold” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective points to a potential upside of 2.52% from the stock’s previous close.
Separately, Zacks Investment Research upgraded shares of Eastern Virginia Bankshares from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a report on Friday, February 10th.
Eastern Virginia Bankshares (NASDAQ:EVBS) opened at 10.73 on Friday. Eastern Virginia Bankshares has a 52-week low of $6.60 and a 52-week high of $11.10. The company’s 50-day moving average price is $10.64 and its 200 day moving average price is $9.32. The stock has a market capitalization of $140.73 million, a P/E ratio of 25.55 and a beta of 0.10.
Eastern Virginia Bankshares (NASDAQ:EVBS) last issued its earnings results on Monday, February 6th. The financial services provider reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.02. Eastern Virginia Bankshares had a return on equity of 6.69% and a net margin of 13.32%. On average, equities research analysts anticipate that Eastern Virginia Bankshares will post $0.51 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 3rd. Shareholders of record on Friday, February 17th were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.12%. The ex-dividend date was Wednesday, February 15th. Eastern Virginia Bankshares’s payout ratio is 28.57%.
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A number of hedge funds and other institutional investors have recently modified their holdings of the company. CNH Partners LLC bought a new position in Eastern Virginia Bankshares during the fourth quarter worth $524,000. Dimensional Fund Advisors LP increased its position in Eastern Virginia Bankshares by 9.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 83,865 shares of the financial services provider’s stock worth $876,000 after buying an additional 7,284 shares during the period. Renaissance Technologies LLC bought a new position in Eastern Virginia Bankshares during the fourth quarter worth $672,000. Finally, Deprince Race & Zollo Inc. increased its position in Eastern Virginia Bankshares by 12.8% in the third quarter. Deprince Race & Zollo Inc. now owns 62,258 shares of the financial services provider’s stock worth $501,000 after buying an additional 7,049 shares during the period. Institutional investors own 40.72% 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.
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