Evans Bancorp (NYSEAMERICAN:EVBN) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Evans Bancorp (NYSEAMERICAN:EVBN) in a research report released on Wednesday. The brokerage issued a hold rating on the bank’s stock.

Separately, Keefe, Bruyette & Woods lifted their price target on shares of Evans Bancorp from $42.32 to $45.50 and gave the company a “market perform” rating in a research note on Friday, November 1st.

Evans Bancorp Price Performance

Shares of EVBN stock opened at $43.61 on Wednesday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.99 and a quick ratio of 0.99. Evans Bancorp has a 12-month low of $24.07 and a 12-month high of $46.21. The firm has a market capitalization of $241.60 million, a PE ratio of 13.10 and a beta of 0.92.

Evans Bancorp (NYSEAMERICAN:EVBN) last issued its quarterly earnings data on Thursday, October 31st. The bank reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.13. Evans Bancorp had a return on equity of 10.27% and a net margin of 13.80%. The business had revenue of $31.69 million during the quarter.

Institutional Investors Weigh In On Evans Bancorp

Institutional investors and hedge funds have recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Evans Bancorp in the 2nd quarter valued at $204,000. Ritholtz Wealth Management bought a new position in Evans Bancorp in the third quarter valued at about $218,000. Squarepoint Ops LLC acquired a new position in Evans Bancorp during the second quarter worth about $237,000. Prime Capital Investment Advisors LLC bought a new position in shares of Evans Bancorp in the third quarter worth about $251,000. Finally, American Century Companies Inc. acquired a new stake in shares of Evans Bancorp in the 2nd quarter valued at approximately $337,000. Institutional investors own 67.10% of the company’s stock.

Evans Bancorp Company Profile

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.