Revenue Update on Eastern Virginia Bankshares(NASDAQ:EVBS)

Eastern Virginia Bankshares(NASDAQ:EVBS) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Feb 6, 2017. Company reported revenue of $13.479M. Analysts estimated a revenue of $12.790M. The revenues were 5.39% above the estimates. Earnings per share were $0.11. Analysts had estimated an EPS of $0.11.

Eastern Virginia Bankshares (EVBS) made into the market gainers list on Tuesdays trading session with the shares advancing 0.76% or 0.08 points. Due to strong positive momentum, the stock ended at $10.57, which is also near the day’s high of $10.63. The stock began the session at $10.5001 and the volume stood at 52,854 shares. The 52-week high of the shares is $10.63 and the 52 week low is $6.6. The company has a current market capitalization of $139 M and it has 1,31,16,600 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Nov 22, 2016, James Stanley Thomas (Executive VP / CCO) purchased 33 shares at $8.88 per share price.Also, On Nov 22, 2016, Leslie E Taylor (director) purchased 40 shares at $8.88 per share price.On Nov 22, 2016, James Adam Sothen (Executive VP / CFO) purchased 26 shares at $8.88 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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