Evans Bancorp (NYSE:EVBN) Lifted to “Buy” at StockNews.com

Evans Bancorp (NYSE:EVBNGet Rating) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Wednesday.

Evans Bancorp Stock Performance

Evans Bancorp stock opened at $38.65 on Wednesday. The stock’s 50 day moving average price is $36.91 and its 200 day moving average price is $36.99. The firm has a market capitalization of $212.92 million, a PE ratio of 9.16 and a beta of 0.94. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.85 and a current ratio of 0.85. Evans Bancorp has a one year low of $32.53 and a one year high of $44.47.

Evans Bancorp (NYSE:EVBNGet Rating) last released its quarterly earnings results on Wednesday, July 27th. The company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.84 by $0.19. The firm had revenue of $22.66 million for the quarter, compared to analyst estimates of $21.79 million. Evans Bancorp had a return on equity of 13.45% and a net margin of 24.45%. As a group, sell-side analysts expect that Evans Bancorp will post 3.93 EPS for the current fiscal year.

About Evans Bancorp

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Evans Bancorp, Inc primarily operates as the financial holding company for Evans Bank, N.A. that provides a range of banking products and services to consumer and commercial customers in Western New York and the Finger Lakes Region of New York State. It operates in two segments, Banking Activities and Insurance Agency Activities.

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