Bank of New York Mellon Corp boosted its stake in Eastern Virginia Bankshares, Inc. (NASDAQ:EVBS) by 11.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,563 shares of the financial services provider’s stock after buying an additional 1,525 shares during the period. Bank of New York Mellon Corp’s holdings in Eastern Virginia Bankshares were worth $153,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Renaissance Technologies LLC purchased a new position in shares of Eastern Virginia Bankshares during the fourth quarter valued at $672,000. Dimensional Fund Advisors LP increased its position in shares of 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 valued at $876,000 after buying an additional 7,284 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Eastern Virginia Bankshares by 13.4% in the first quarter. Wells Fargo & Company MN now owns 31,828 shares of the financial services provider’s stock valued at $334,000 after buying an additional 3,762 shares in the last quarter. 44.21% of the stock is owned by institutional investors.

Shares of Eastern Virginia Bankshares, Inc. (NASDAQ EVBS) traded up 1.29% on Friday, reaching $11.01. Eastern Virginia Bankshares, Inc. has a one year low of $6.86 and a one year high of $11.71. The company has a 50-day moving average price of $10.92 and a 200 day moving average price of $10.59.

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Several research analysts recently weighed in on EVBS shares. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $11.00 target price on shares of Eastern Virginia Bankshares in a report on Friday, June 2nd. Zacks Investment Research raised shares of Eastern Virginia Bankshares from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a report on Wednesday, April 26th.

About Eastern Virginia Bankshares

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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Institutional Ownership by Quarter for Eastern Virginia Bankshares (NASDAQ:EVBS)

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