Stephens & Co. Initiates Coverage on Eastern Virginia Bankshares to Equal-weight

Stephens & Co. Initiates Coverage on Eastern Virginia Bankshares(NASDAQ:EVBS). The shares have been rated Equal-weight. The rating by Stephens & Co. was issued on Apr 12, 2016.

Eastern Virginia Bankshares (EVBS) shares turned negative on Fridays trading session with the shares closing down -0.03 points or -0.44% at a volume of 5,064. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $6.86. The peak price level was also seen at $6.86 while the days lowest was $6.725. Finally the shares closed at $6.75. The 52-week high of the shares is $7.24 while the 52-week low is $5.8. According to the latest information available, the market cap of the company is $88 M.

Eastern Virginia Bankshares(EVBS) last announced its earnings results on Feb 9, 2016 for Fiscal Year 2015 and Q4.Earnings per share were $0.12.

Several Insider Transactions has been reported to the SEC. On Mar 7, 2016, Boris Gutin (director) purchased 54 shares at $6.82 per share price.Also, 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.

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