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

Equities research analysts at StockNews.com began coverage on shares of Evans Bancorp (NYSEAMERICAN:EVBN) in a research report issued to clients and investors on Friday. The brokerage set a “hold” rating on the bank’s stock.

Separately, Keefe, Bruyette & Woods lifted their price objective on shares of Evans Bancorp from $42.32 to $45.50 and gave the company a “market perform” rating in a report on Friday, November 1st.

Evans Bancorp Trading Down 0.3 %

EVBN stock opened at $45.58 on Friday. Evans Bancorp has a 52 week low of $24.07 and a 52 week high of $46.21. The firm has a market cap of $252.51 million, a price-to-earnings ratio of 13.69 and a beta of 0.92. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.99 and a quick ratio of 0.99.

Evans Bancorp (NYSEAMERICAN:EVBN) last posted its quarterly earnings data on Thursday, October 31st. The bank reported $0.53 EPS for the quarter, topping the consensus estimate of $0.40 by $0.13. Evans Bancorp had a net margin of 13.80% and a return on equity of 10.27%. The company had revenue of $31.69 million during the quarter.

Institutional Investors Weigh In On Evans Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the company. Endeavour Capital Advisors Inc. lifted its holdings in Evans Bancorp by 56.6% during the second quarter. Endeavour Capital Advisors Inc. now owns 298,624 shares of the bank’s stock valued at $8,394,000 after purchasing an additional 107,954 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Evans Bancorp during the 2nd quarter worth about $500,000. American Century Companies Inc. purchased a new position in Evans Bancorp in the 2nd quarter valued at about $337,000. Squarepoint Ops LLC acquired a new stake in Evans Bancorp in the 2nd quarter worth about $237,000. Finally, Vanguard Group Inc. boosted its holdings in Evans Bancorp by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 281,299 shares of the bank’s stock worth $8,400,000 after buying an additional 1,620 shares during the last quarter. Institutional investors and hedge funds 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.