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

Stock analysts at StockNews.com initiated coverage on shares of Evans Bancorp (NYSEAMERICAN:EVBN) in a research report issued to clients and investors on Wednesday. The firm set a “hold” rating on the bank’s stock.

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

Evans Bancorp Stock Down 0.7 %

Shares of NYSEAMERICAN:EVBN opened at $44.30 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $244.98 million, a price-to-earnings ratio of 13.30 and a beta of 0.91. Evans Bancorp has a 52 week low of $24.07 and a 52 week high of $45.21.

Evans Bancorp (NYSEAMERICAN:EVBN) last released its quarterly earnings data on Thursday, October 31st. The bank reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.13. The business had revenue of $31.69 million during the quarter. Evans Bancorp had a net margin of 13.80% and a return on equity of 10.40%.

Hedge Funds Weigh In On Evans Bancorp

Large investors have recently bought and sold shares of the company. BNP Paribas Financial Markets boosted its holdings in Evans Bancorp by 78.1% during the first quarter. BNP Paribas Financial Markets now owns 2,624 shares of the bank’s stock worth $78,000 after purchasing an additional 1,151 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Evans Bancorp by 0.6% in the first quarter. Vanguard Group Inc. now owns 281,299 shares of the bank’s stock valued at $8,400,000 after acquiring an additional 1,620 shares during the last quarter. Ritholtz Wealth Management acquired a new position in Evans Bancorp during the third quarter valued at approximately $218,000. Prime Capital Investment Advisors LLC bought a new position in Evans Bancorp in the third quarter valued at approximately $251,000. Finally, PL Capital Advisors LLC raised its stake in shares of Evans Bancorp by 1.1% during the 3rd quarter. PL Capital Advisors LLC now owns 611,759 shares of the bank’s stock worth $23,840,000 after purchasing an additional 6,680 shares in the last quarter. Institutional investors and hedge funds own 67.10% of the company’s stock.

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.