Should I buy or sell Evans Bancorp stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Evans Bancorp in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" EVBN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EVBN, but not buy additional shares or sell existing shares. View EVBN analyst ratings or view top-rated stocks .

What is Evans Bancorp's stock price target for 2024?

2 brokerages have issued 1 year price objectives for Evans Bancorp's stock. Their EVBN share price targets range from $26.50 to $32.00. On average, they anticipate the company's stock price to reach $29.25 in the next twelve months. This suggests a possible upside of 12.4% from the stock's current price. View analysts price targets for EVBN or view top-rated stocks among Wall Street analysts .

How have EVBN shares performed in 2024?

Evans Bancorp's stock was trading at $29.86 on January 1st, 2024. Since then, EVBN shares have decreased by 12.9% and is now trading at $26.02. View the best growth stocks for 2024 here .

When is Evans Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024. View our EVBN earnings forecast .

How were Evans Bancorp's earnings last quarter?

Evans Bancorp, Inc. (NYSEAMERICAN:EVBN) announced its quarterly earnings data on Thursday, February, 1st. The bank reported $1.85 EPS for the quarter, beating the consensus estimate of $0.44 by $1.41. The bank had revenue of $32.50 million for the quarter, compared to the consensus estimate of $17.62 million. Evans Bancorp had a net margin of 18.90% and a trailing twelve-month return on equity of 15.16%.

How often does Evans Bancorp pay dividends? What is the dividend yield for Evans Bancorp?

Evans Bancorp declared a semi-annual dividend on Tuesday, February 20th. Stockholders of record on Tuesday, March 12th will be given a dividend of $0.66 per share on Tuesday, April 9th. This represents a yield of 4.5%. The ex-dividend date of this dividend is Monday, March 11th. Read our dividend analysis for EVBN .

Is Evans Bancorp a good dividend stock?

Evans Bancorp (NYSEAMERICAN:EVBN) pays an annual dividend of $1.32 per share and currently has a dividend yield of 5.06%. EVBN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 29.53%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, EVBN will have a dividend payout ratio of 47.48% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for EVBN .

What other stocks do shareholders of Evans Bancorp own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Evans Bancorp investors own include Verizon Communications (VZ) , AbbVie (ABBV) , Cisco Systems (CSCO) , International Business Machines (IBM) , AT&T (T) , Johnson & Johnson (JNJ) , Coca-Cola (KO) , Pfizer (PFE) , Home Depot (HD) and Intel (INTC) .

How do I buy shares of Evans Bancorp?

Shares of EVBN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSEAMERICAN:EVBN

Evans Bancorp (EVBN) Stock Price, News & Analysis

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$25.90

-0.10 (-0.38%)

(As of 02:45 PM ET)

Compare

Today's Range: $25.84
▼
$26.06
50-Day Range: N/A
52-Week Range: $23.20
▼
$33.58

Volume: 7,449 shs
Average Volume: 16,563 shs
Market Capitalization: $142.71 million

P/E Ratio: 5.79
Dividend Yield: 5.10%
Price Target: $29.25

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Evans Bancorp MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 12.4% Upside
$29.25 Price Target
Short Interest: Healthy
1.06% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.29
Based on 3 Articles This Week
Insider Trading: Selling Shares
$123,756 Sold Last Quarter
Proj. Earnings Growth: 31.75%
From $2.11 to $2.78 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.36 out of 5 stars

2.0

Analyst's Opinion

Consensus Rating
Evans Bancorp has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Evans Bancorp has only been the subject of 1 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
1.06% of the float of Evans Bancorp has been sold short.
Short Interest Ratio / Days to Cover
Evans Bancorp has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Evans Bancorp has recently decreased by 4.50%, indicating that investor sentiment is improving.

5.0

Dividend Strength

Dividend Leadership
Evans Bancorp is a leading dividend payer. It pays a dividend yield of 5.06%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Evans Bancorp has been increasing its dividend for 12 years.
Dividend Coverage
The dividend payout ratio of Evans Bancorp is 29.53%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Evans Bancorp will have a dividend payout ratio of 47.48% next year. This indicates that Evans Bancorp will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for EVBN.

2.4

News and Social Media Coverage

News Sentiment
Evans Bancorp has a news sentiment score of 0.29. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.57 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Evans Bancorp this week, compared to 1 article on an average week.
Search Interest
1 people have searched for EVBN on MarketBeat in the last 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Evans Bancorp insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $123,756.00 in company stock.
Percentage Held by Insiders
Only 6.34% of the stock of Evans Bancorp is held by insiders.
Percentage Held by Institutions
67.10% of the stock of Evans Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8

Earnings and Valuation

Earnings Growth
Earnings for Evans Bancorp are expected to grow by 31.75% in the coming year, from $2.11 to $2.78 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Evans Bancorp is 5.82, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.99.
Price to Earnings Ratio vs. Sector
The P/E ratio of Evans Bancorp is 5.82, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 58.40.
Price to Book Value per Share Ratio
Evans Bancorp has a P/B Ratio of 0.80. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Evans Bancorp Stock (NYSEAMERICAN:EVBN)

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. It also provides residential mortgages; commercial and multi-family mortgages and commercial construction loans; home equities, such as home equity lines of credit and second mortgage loans; commercial and industrial loans comprising term loans and lines of credit; consumer loans, includes direct automobile, recreational vehicle, boat, home improvement, and personal loans; other loans consist of cash reserves, overdrafts, and loan clearing accounts; and installment loans. In addition, the company offers non-deposit investment products, such as annuities and mutual funds. Evans Bancorp, Inc. was founded in 1920 and is headquartered in Williamsville, New York.

EVBN Stock Price History

30 days | 90 days | 365 days | Advanced Chart

EVBN Stock News Headlines

March 20, 2024 | insidertrades.com

Insider Selling: Evans Bancorp, Inc. (NYSEAMERICAN:EVBN) Treasurer Sells 3,146 Shares of Stock

April 16, 2024 | finance.yahoo.com

Evans Bancorp Announces First Quarter 2024 Conference Call and Webcast

April 18, 2024 | GoldenCrest Metals (Ad)

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April 14, 2024 | msn.com

Evans Chebet looks to three-peat in the 128th Boston Marathon

April 14, 2024 | sportsbookwire.usatoday.com

Daniel Evans: Barcelona Open Banc Sabadell Betting Odds and Preview

April 10, 2024 | yahoo.com

Je’Von Evans Wins Debut Match On 4/9 WWE NXT

April 2, 2024 | bizjournals.com

Bob Evans owner looking to sell the New Albany-based chain, according to reports

March 31, 2024 | msn.com

Tenafly Bank Personnel, Police Aren't Fooled By ID Thief: Authorities

April 18, 2024 | GoldenCrest Metals (Ad)

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March 16, 2024 | uk.investing.com

Evans Bancorp CEO David Nasca buys and sells shares

March 11, 2024 | msn.com

Verdict announced in Glenn Evans Jr. case

March 5, 2024 | investing.com

Evans Bancorp Inc (EVBN)

February 24, 2024 | money.usnews.com

Evans Bancorp Inc

February 20, 2024 | msn.com

Evans Bancorp declares $0.66 dividend

February 20, 2024 | businesswire.com

Evans Bancorp, Inc. Announces Semi-Annual Cash Dividend

February 19, 2024 | msn.com

Isabella Bank GAAP EPS of $0.51 misses by $0.15, revenue of $17.13M

February 4, 2024 | seekingalpha.com

Evans Bancorp, Inc. (EVBN) Q4 2023 Earnings Call Transcript

February 3, 2024 | realmoney.thestreet.com

Evans Bancorp price target lowered by $3.50 at Hovde Group, here's why

February 2, 2024 | realmoney.thestreet.com

Piper downgrades Evans Bancorp on below-peer profitability

February 2, 2024 | realmoney.thestreet.com

Piper Sandler gets more bearish on Evans Bancorp, downgrades shares

February 2, 2024 | finance.yahoo.com

Evans Bancorp, Inc. (AMEX:EVBN) Q4 2023 Earnings Call Transcript

February 2, 2024 | finance.yahoo.com

Q4 2023 Evans Bancorp Inc Earnings Call

February 1, 2024 | finance.yahoo.com

Evans Bancorp Reports Net Income of $24.5 Million in 2023

February 1, 2024 | finance.yahoo.com

Evans Bancorp Inc (EVBN) Announces Robust Net Income Growth in 2023

January 24, 2024 | markets.businessinsider.com

Evans Bancorp IncShs hosts conference call for investors

January 18, 2024 | finance.yahoo.com

Evans Bancorp Announces Fourth Quarter and Full Year 2023 Conference Call and Webcast

January 11, 2024 | msn.com

Jonathan Evans dies shortly after closing Herbarium in Chicopee

See More Headlines

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Company Calendar

Last Earnings: 2/01/2024
Ex-Dividend for 4/9 Dividend: 3/11/2024
Dividend Payable: 4/09/2024
Today: 4/18/2024
Next Earnings (Estimated): 4/25/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NYSEAMERICAN
Sector: Finance
Industry: National commercial banks
Sub-Industry: N/A
Current Symbol: NYSEAMERICAN:EVBN
Previous Symbol: NASDAQ:EVBN
CUSIP: N/A
CIK: 842518
Web: www.evansbank.com
Phone: (716) 926-2000
Fax: 716-926-2005
Employees: 300
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $29.25
High Stock Price Target: $32.00
Low Stock Price Target: $26.50
Potential Upside/Downside: +12.5%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $4.47
Trailing P/E Ratio: 5.82
Forward P/E Ratio: 12.32
P/E Growth: N/A
Net Income: $24.52 million
Net Margins: 18.90%
Pretax Margin: 26.76%
Return on Equity: 15.16%
Return on Assets: 1.14%

Debt

Debt-to-Equity Ratio: 0.99
Current Ratio: 1.00
Quick Ratio: 1.00

Sales & Book Value

Annual Sales: $129.77 million
Price / Sales: 1.10
Cash Flow: $4.69 per share
Price / Cash Flow: 5.54
Book Value: $32.52 per share
Price / Book: 0.80

Miscellaneous

Outstanding Shares: 5,510,000
Free Float: 5,173,000
Market Cap: $143.26 million
Optionable: Not Optionable
Beta: 0.88

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Key Executives

Mr. David John Nasca (Age 66)
CEO, President & Director
Comp: $854.45k
Mr. Kenneth D. Pawlak (Age 59)
Executive VP & Chief Growth Officer of Evans Bank, N.A
Comp: $359.38k
Mr. John B. Connerton (Age 57)
Treasurer
Comp: $409.44k
Ms. Michelle A. Baumgarden
Secretary
Mr. Nicholas J. Snyder
Assistant Secretary

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

EVBN Stock Analysis - Frequently Asked Questions

Should I buy or sell Evans Bancorp stock right now?: 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Evans Bancorp in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" EVBN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EVBN, but not buy additional shares or sell existing shares.
View EVBN analyst ratings or view top-rated stocks.
What is Evans Bancorp's stock price target for 2024?: 2 brokerages have issued 1 year price objectives for Evans Bancorp's stock. Their EVBN share price targets range from $26.50 to $32.00. On average, they anticipate the company's stock price to reach $29.25 in the next twelve months. This suggests a possible upside of 12.4% from the stock's current price.
View analysts price targets for EVBN or view top-rated stocks among Wall Street analysts.
How have EVBN shares performed in 2024?: Evans Bancorp's stock was trading at $29.86 on January 1st, 2024. Since then, EVBN shares have decreased by 12.9% and is now trading at $26.02.
View the best growth stocks for 2024 here.
When is Evans Bancorp's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our EVBN earnings forecast.
How were Evans Bancorp's earnings last quarter?: Evans Bancorp, Inc. (NYSEAMERICAN:EVBN) announced its quarterly earnings data on Thursday, February, 1st. The bank reported $1.85 EPS for the quarter, beating the consensus estimate of $0.44 by $1.41. The bank had revenue of $32.50 million for the quarter, compared to the consensus estimate of $17.62 million. Evans Bancorp had a net margin of 18.90% and a trailing twelve-month return on equity of 15.16%.

How often does Evans Bancorp pay dividends? What is the dividend yield for Evans Bancorp?: Evans Bancorp declared a semi-annual dividend on Tuesday, February 20th. Stockholders of record on Tuesday, March 12th will be given a dividend of $0.66 per share on Tuesday, April 9th. This represents a yield of 4.5%. The ex-dividend date of this dividend is Monday, March 11th.
Read our dividend analysis for EVBN.
Is Evans Bancorp a good dividend stock?: Evans Bancorp (NYSEAMERICAN:EVBN) pays an annual dividend of $1.32 per share and currently has a dividend yield of 5.06%. EVBN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 29.53%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, EVBN will have a dividend payout ratio of 47.48% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for EVBN.
What other stocks do shareholders of Evans Bancorp own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Evans Bancorp investors own include Verizon Communications (VZ), AbbVie (ABBV), Cisco Systems (CSCO), International Business Machines (IBM), AT&T (T), Johnson & Johnson (JNJ), Coca-Cola (KO), Pfizer (PFE), Home Depot (HD) and Intel (INTC).
How do I buy shares of Evans Bancorp?: Shares of EVBN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSEAMERICAN:EVBN) was last updated on 4/18/2024 by MarketBeat.com Staff

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