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

Analysts at StockNews.com started coverage on shares of Evans Bancorp (NYSEAMERICAN:EVBN) in a research note issued on Thursday. The firm set a “hold” rating on the bank’s stock.

Separately, Keefe, Bruyette & Woods boosted their price objective 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 9.5 %

Shares of EVBN stock opened at $43.21 on Thursday. Evans Bancorp has a 12 month low of $24.07 and a 12 month high of $44.42. The company has a market cap of $238.95 million, a price-to-earnings ratio of 12.98 and a beta of 0.91. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.98 and a current ratio of 0.98.

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. The firm 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

Institutional investors have recently bought and sold shares of the business. PL Capital Advisors LLC raised its stake in shares of Evans Bancorp by 1.1% in the third quarter. PL Capital Advisors LLC now owns 611,759 shares of the bank’s stock worth $23,840,000 after acquiring an additional 6,680 shares during the last quarter. Endeavour Capital Advisors Inc. boosted its position in Evans Bancorp by 56.6% in the 2nd quarter. Endeavour Capital Advisors Inc. now owns 298,624 shares of the bank’s stock valued at $8,394,000 after buying an additional 107,954 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Evans Bancorp by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 281,299 shares of the bank’s stock valued at $8,400,000 after buying an additional 1,620 shares during the period. Cubist Systematic Strategies LLC bought a new stake in shares of Evans Bancorp during the second quarter worth $500,000. Finally, American Century Companies Inc. bought a new stake in shares of Evans Bancorp during the second quarter worth $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.