Evans Bancorp (NYSEAMERICAN:EVBN) Announces Earnings Results

Evans Bancorp (NYSEAMERICAN:EVBN) released its earnings results on Thursday. The bank reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.13, Zacks reports. The business had revenue of $31.69 million for the quarter. Evans Bancorp had a net margin of 13.80% and a return on equity of 10.40%.

Evans Bancorp Trading Down 0.7 %

Shares of NYSEAMERICAN:EVBN traded down $0.28 during trading hours on Friday, reaching $39.54. The stock had a trading volume of 14,151 shares, compared to its average volume of 37,867. Evans Bancorp has a 1 year low of $24.07 and a 1 year high of $41.18. The company has a market cap of $218.66 million, a PE ratio of 11.87 and a beta of 0.91. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.90.

Evans Bancorp Announces Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, October 10th. Investors of record on Thursday, September 12th were issued a $0.66 dividend. The ex-dividend date was Thursday, September 12th. This represents a yield of 3.9%. Evans Bancorp’s dividend payout ratio (DPR) is 39.64%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on EVBN shares. Keefe, Bruyette & Woods boosted their target price on shares of Evans Bancorp from $42.32 to $45.50 and gave the company a “market perform” rating in a report on Friday. StockNews.com assumed coverage on Evans Bancorp in a research note on Friday. They set a “hold” rating for the company.

About Evans Bancorp

Evans Bancorp, Inc primarily operates as financial holding company for Evans Bank, N.A. that provides a range of banking products and services to consumer and commercial customers in the United States. The company offers deposit products, which include checking and negotiable order of withdrawal accounts, savings accounts, and certificates of deposit.