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

StockNews.com started coverage on shares of Evans Bancorp (NYSEAMERICAN:EVBN) in a research note published on Wednesday. The firm issued a hold rating on the bank’s stock.

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

Evans Bancorp Price Performance

Shares of NYSEAMERICAN:EVBN opened at $43.28 on Wednesday. The company has a market capitalization of $239.77 million, a PE ratio of 13.00 and a beta of 0.91. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.99 and a quick ratio of 0.98. Evans Bancorp has a 52-week low of $24.07 and a 52-week high of $45.43.

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

Evans Bancorp Dividend Announcement

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, October 10th. Shareholders of record on Thursday, September 12th were paid a dividend of $0.66 per share. This represents a yield of 3.9%. The ex-dividend date was Thursday, September 12th. Evans Bancorp’s payout ratio is 39.64%.

Hedge Funds Weigh In On Evans Bancorp

Hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets raised its holdings in Evans Bancorp by 78.1% in the first quarter. BNP Paribas Financial Markets now owns 2,624 shares of the bank’s stock worth $78,000 after buying an additional 1,151 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Evans Bancorp by 0.6% during the first 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 last quarter. Barclays PLC increased its position in shares of Evans Bancorp by 47.7% during the third quarter. Barclays PLC now owns 16,163 shares of the bank’s stock valued at $630,000 after acquiring an additional 5,218 shares in the last quarter. Ritholtz Wealth Management purchased a new position in Evans Bancorp in the 3rd quarter worth approximately $218,000. Finally, Prime Capital Investment Advisors LLC purchased a new stake in Evans Bancorp during the 3rd quarter valued at $251,000. 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.