Stock Mover of The Day: Could Eastern Virginia Bankshares, Inc. Gain Strenght? The Stock Reaches 52-Week Low

Stock Mover of The Day: Could Eastern Virginia Bankshares, Inc. Gain Strenght? The Stock Reaches 52 Week Low

The stock of Eastern Virginia Bankshares, Inc. (NASDAQ:EVBS) is a huge mover today! About 106,144 shares traded hands or 584.31% up from the average. Eastern Virginia Bankshares, Inc. (NASDAQ:EVBS) has risen 24.00% since April 6, 2016 and is uptrending. It has outperformed by 22.04% the S&P500.
The move comes after 7 months negative chart setup for the $107.68M company. It was reported on Nov, 8 by Barchart.com. We have $7.30 PT which if reached, will make NASDAQ:EVBS worth $11.84M less.

According to Zacks Investment Research, “EASTERN VA BKSH is a bank holding company. Through subsidiaries, they provide full banking services, including commercial and consumer demand and time deposit accounts, commercial and consumer loans, Visa and Mastercard revolving credit accounts, drive-in banking services and automated teller machine transactions. The area served by them is primarily the counties of Essex, Northumberland, King & Queen, King William, Richmond, Lancaster, Hanover, Gloucester, Middlesex and Caroline.”

Insitutional Activity: The institutional sentiment increased to 1.14 in 2016 Q2. Its up 0.41, from 0.73 in 2016Q1. The ratio is positive, as 1 funds sold all Eastern Virginia Bankshares, Inc. shares owned while 6 reduced positions. 2 funds bought stakes while 6 increased positions. They now own 5.38 million shares or 3.15% less from 5.55 million shares in 2016Q1.
Salzhauer Michael holds 0.1% or 16,000 shares in its portfolio. California Public Employees Retirement owns 33,262 shares or 0% of their US portfolio. Geode Ltd Liability Corp, a Massachusetts-based fund reported 17,915 shares. Vanguard Gp has invested 0% of its portfolio in Eastern Virginia Bankshares, Inc. (NASDAQ:EVBS). Highlander Cap Management Ltd reported 7,084 shares or 0.05% of all its holdings. Blackrock Inv Mngmt Lc owns 2,025 shares or 0% of their US portfolio. Bb&T, a North Carolina-based fund reported 13,700 shares. Deprince Race Zollo has 0.01% invested in the company for 55,209 shares. Pinnacle Ltd Liability holds 0% of its portfolio in Eastern Virginia Bankshares, Inc. (NASDAQ:EVBS) for 152,963 shares. Pl Advsr Ltd Liability holds 0.83% of its portfolio in Eastern Virginia Bankshares, Inc. (NASDAQ:EVBS) for 322,928 shares. Fsi Grp Ltd Liability holds 0.8% of its portfolio in Eastern Virginia Bankshares, Inc. (NASDAQ:EVBS) for 173,569 shares. Castle Creek Cap Iv L P has invested 3.85% of its portfolio in Eastern Virginia Bankshares, Inc. (NASDAQ:EVBS). Wellington Group Limited Liability Partnership, a Massachusetts-based fund reported 1.08 million shares. Moreover, Hightower Advisors has 0% invested in Eastern Virginia Bankshares, Inc. (NASDAQ:EVBS) for 15,483 shares. Royal Retail Bank Of Canada has 43 shares for 0% of their US portfolio.

Insider Transactions: Since May 20, 2016, the stock had 5 insider purchases, and 0 selling transactions for $1,536 net activity. Shares for $24 were bought by Gutin Boris on Friday, August 26. SHEARIN JOE A bought $102 worth of Eastern Virginia Bankshares, Inc. (NASDAQ:EVBS) on Friday, August 26. Another trade for 86 shares valued at $674 was made by Biagas John Fitzgerald on Friday, August 26.

More news for Eastern Virginia Bankshares, Inc. (NASDAQ:EVBS) were recently published by: Prnewswire.com, which released: “Eastern Virginia Bankshares, Inc. Announces Plans to Relocate its Corporate …” on June 15, 2016. Prnewswire.com‘s article titled: “Eastern Virginia Bankshares, Inc. Announces Completion of Acquisition of …” and published on November 17, 2014 is yet another important article.

EVBS Company Profile

Eastern Virginia Bankshares, Inc., incorporated on October 5, 1997, is a bank holding company. The Company, through its bank subsidiary, EVB (the Bank), operates approximately 20 service branches and over two drive-in facilities in eastern Virginia, and a loan production office in Chesterfield County. EVB is a community bank focusing on small to medium-sized businesses and clients in its coastal plain markets and the emerging suburbs outside of the Richmond, Tidewater, and southern Virginia areas. The Firm provides general commercial financial services to clients located in the geographic areas of its retail branch network. The Firm provides a range of personal and commercial banking services, including commercial, consumer and real estate loans. It offers an array of retail and commercial deposit products and fee services.

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