Insider Market Move: Mark Hanna, EVP/Regional President of Eastern Virginia Bankshares, Inc. (NASDAQ:EVBS) Just Bought Shares

November 23, 2016 - By Ruchi Gupta

Insider Market Move: Mark Hanna, EVP/Regional President of Eastern Virginia Bankshares, Inc. (NASDAQ:EVBS) Just Bought Shares

Mark Hanna Insider Buy

56 shares of Eastern Virginia Bankshares Inc were purchased by Mark Hanna, the corporation’s EVP/Regional President. The acquired shares are valued at nearly $497 which has been calculated on the basis of the average transactions stock price ($8.9 per share). Mark Hanna holds about 0.11% of Eastern Virginia Bankshares Inc’s total market cap or 14,055 shares. These shares were purchased on 22-11-2016 and the report that contains the legal information, filed with the Security and Exchange Commission can be found here.

Insitutional Activity: The institutional sentiment decreased to 1.1 in 2016 Q2. Its down 0.04, from 1.14 in 2016Q1. The ratio dived, 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 accumulated 0.1% or 16,000 shares. Banc Funds Ltd Liability Co, a Illinois-based fund reported 215,078 shares. Moreover, Deprince Race Zollo has 0.01% invested in Eastern Virginia Bankshares, Inc. (NASDAQ:EVBS) for 55,209 shares. Vanguard Gp Incorporated last reported 226,022 shares in the company. Fj Management Lc last reported 0.69% of its portfolio in the stock. Moreover, Pinnacle Llc has 0% invested in Eastern Virginia Bankshares, Inc. (NASDAQ:EVBS) for 152,963 shares. Highlander Capital Mgmt Ltd Liability Company, a New Jersey-based fund reported 7,084 shares. First Manhattan reported 16,806 shares or 0% of all its holdings. Thompson Siegel & Walmsley Limited Liability accumulated 2,494 shares or 0% of the stock. Hightower Lc last reported 0% of its portfolio in the stock. Royal Commercial Bank Of Canada holds 43 shares or 0% of its portfolio. Manufacturers Life The holds 564,882 shares or 0.01% of its portfolio. Rbf Limited Company holds 37,642 shares or 0.06% of its portfolio. Moreover, Bb&T Corp has 0% invested in Eastern Virginia Bankshares, Inc. (NASDAQ:EVBS) for 13,700 shares. Blackrock Fund Advsr holds 0% or 2,713 shares in its portfolio.

Insider Transactions: Since August 26, 2016, the stock had 4 insider purchases, and 0 selling transactions for $1,169 net activity. 86 shares were bought by Biagas John Fitzgerald, worth $674. 3 shares with value of $24 were bought by Gutin Boris on Friday, August 26. 13 shares were bought by SHEARIN JOE A, worth $102.

The stock increased 3.18% or $0.28 on November 22, hitting $9.09. About 54,923 shares traded hands or 147.99% up from the average. Eastern Virginia Bankshares, Inc. (NASDAQ:EVBS) has risen 34.47% since April 21, 2016 and is uptrending. It has outperformed by 29.14% the S&P500.

Eastern Virginia Bankshares, Inc. is a bank holding company. The company has a market cap of $119.50 million. The Firm operates through its bank subsidiary, EVB . It has a 23.14 P/E ratio. 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.

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.”

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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