Eastern Virginia Bankshares (EVBS) is Initiated by Sandler O’Neill to Hold

Eastern Virginia Bankshares (EVBS) was Initiated by Sandler O’Neill to “Hold”. Sandler O’Neill advised their investors in a research report released on Aug 9, 2016.

Eastern Virginia Bankshares (EVBS) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $7.5 and reached the intraday high at $7.5799. The bulls started the profit booking and pushed the shares to intraday low of $7.5. The trading session was marked by a volume range of 7,624 shares exchanging hands. The 52-week high of the shares is $7.75 and the 52-week low is $6.25. The market cap of the company stands at $98 M and there are 1,30,99,635 shares in public circulation.

In a different news, on May 24, 2016, Boris Gutin (director) purchased 50 shares at $7.34 per share price. According to the SEC, on Jan 28, 2016, John Fitzgerald Biagas (director) purchased 4,200 shares at $7.08 per share price. On Dec 16, 2015, William L Lewis (director) sold 10,000 shares at $6.85 per share price, according to the Form-4 filing with the securities and exchange commission.

Eastern Virginia Bankshares Inc. is a bank holding company. Through its wholly owned bank subsidiary EVB (the Bank) the Company operates approximately 24 service branches in Chesterfield County Virginia. EVB is a community bank focusing small to medium-sized businesses and consumers. The Company provides a range of personal and commercial banking services including commercial consumer and real estate loans. A portion of the loan portfolio is represented by commercial and residential mortgage loans in its market area. It offers an array of retail and commercial deposit products and fee-based services. The Company offers demand deposits savings and money market accounts and time deposits. The Bank’s subsidiaries include EVB Financial Services Inc. EVB Investments Inc. Dunston Hall LLC POS LLC Tartan Holdings LLC and ECU-RE LLC. The Company also owns one non-operating subsidiary EVB Statutory Trust I.

Eastern Virginia Bankshares

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