Evans Bancorp (NYSEAMERICAN:EVBN) Earns Hold Rating from Analysts at StockNews.com

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

Separately, Keefe, Bruyette & Woods lifted their price objective on shares of Evans Bancorp from $26.50 to $30.50 and gave the company a “market perform” rating in a research report on Thursday, August 1st.

Evans Bancorp Stock Down 0.5 %

NYSEAMERICAN EVBN opened at $39.82 on Friday. Evans Bancorp has a 52 week low of $24.07 and a 52 week high of $41.18. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market capitalization of $220.20 million, a PE ratio of 11.51 and a beta of 0.91.

Evans Bancorp (NYSEAMERICAN:EVBN) last announced its quarterly earnings data on Tuesday, July 30th. The bank reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.15. Evans Bancorp had a net margin of 14.51% and a return on equity of 11.20%. The firm had revenue of $30.22 million during the quarter.

Institutional Trading of Evans Bancorp

Institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its stake in shares of Evans Bancorp by 78.1% during the first quarter. BNP Paribas Financial Markets now owns 2,624 shares of the bank’s stock valued at $78,000 after purchasing an additional 1,151 shares during the period. Vanguard Group Inc. raised its position in Evans Bancorp by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 281,299 shares of the bank’s stock valued at $8,400,000 after purchasing an additional 1,620 shares in the last quarter. Ritholtz Wealth Management purchased a new stake in shares of Evans Bancorp in the 3rd quarter worth $218,000. PL Capital Advisors LLC grew its position 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 buying an additional 6,680 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Evans Bancorp during the 2nd quarter worth $204,000. 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.