Evans Bancorp (NYSE:EVBN) Coverage Initiated by Analysts at StockNews.com

Investment analysts at StockNews.com began coverage on shares of Evans Bancorp (NYSE:EVBN) in a report issued on Monday. The brokerage set a “hold” rating on the stock.

Evans Bancorp Trading Up 1.0 %

Evans Bancorp stock opened at $43.25 on Monday. Evans Bancorp has a 12 month low of $24.07 and a 12 month high of $46.21. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $239.61 million, a P/E ratio of 12.99 and a beta of 0.92.

Institutional Investors Weigh In On Evans Bancorp

A hedge fund recently raised its stake in Evans Bancorp stock. Ritholtz Wealth Management increased its holdings in Evans Bancorp Inc (NYSE:EVBN) by 25.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,022 shares of the company’s stock after buying an additional 1,417 shares during the period. Ritholtz Wealth Management owned 0.13% of Evans Bancorp worth $304,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 67.10% of the company’s stock.

About Evans Bancorp

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.