KBW Reiterates a Hold Rating on Eastern Virginia Bankshares

By Jason Carr

In a report released yesterday, Christopher Mcgratty from KBW reiterated a Hold rating on Eastern Virginia Bankshares (NASDAQ: EVBS), with a price target of $11. The company’s shares opened today at $11.04, close to its 52-week high of $11.71.

According to TipRanks.com, Mcgratty is a 5-star analyst with an average return of 12.7% and a 69.4% success rate. Mcgratty covers the Financial sector, focusing on stocks such as Univest Corporation Of Pennsylvania, Enterprise Financial Services Corp, and Western New England Bancorp Inc.

Eastern Virginia Bankshares has an analyst consensus of Hold, with a price target consensus of $11.

The company has a one year high of $11.71 and a one year low of $6.86. Currently, Eastern Virginia Bankshares has an average volume of 23.96K.

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Eastern Virginia Bankshares, Inc. operates as a bank holding company, which through its subsidiary, EVB, engages in the provision of commercial financial services. Its products include checking and savings accounts, loans and credit, private banking, online and mobile banking, cash and debt management, and insurance services. The company was founded on September 5, 1997 and is headquartered in Glen Allen, VA.