Evans Bancorp (NYSEAMERICAN:EVBN) Now Covered by Analysts at StockNews.com

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

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

Evans Bancorp Trading Up 1.0 %

EVBN stock opened at $44.27 on Wednesday. The company has a market cap of $245.26 million, a price-to-earnings ratio of 13.29 and a beta of 0.92. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.86. Evans Bancorp has a fifty-two week low of $24.07 and a fifty-two week high of $46.21.

Evans Bancorp (NYSEAMERICAN:EVBN) last released its earnings results on Thursday, October 31st. The bank reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.13. Evans Bancorp had a net margin of 13.80% and a return on equity of 10.27%. The firm had revenue of $31.69 million for the quarter.

Institutional Trading of Evans Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of EVBN. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Evans Bancorp in the second quarter worth about $204,000. Ritholtz Wealth Management bought a new position in Evans Bancorp in the 3rd quarter worth approximately $218,000. Squarepoint Ops LLC purchased a new stake in Evans Bancorp during the 2nd quarter valued at approximately $237,000. Prime Capital Investment Advisors LLC bought a new stake in shares of Evans Bancorp during the third quarter valued at approximately $251,000. Finally, American Century Companies Inc. purchased a new position in shares of Evans Bancorp in the second quarter worth $337,000. 67.10% of the stock is owned by hedge funds and other institutional investors.

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.