Evans Bancorp Inc Declares Semi-annual Dividend of $0.66 (NYSE:EVBN)

Evans Bancorp Inc (NYSE:EVBN) announced a semi-annual dividend on Friday, February 21st, Wall Street Journal reports. Investors of record on Thursday, March 13th will be given a dividend of 0.66 per share on Thursday, April 10th. This represents a yield of 3.1%. The ex-dividend date is Thursday, March 13th.

Evans Bancorp has raised its dividend payment by an average of 3.2% per year over the last three years.

Evans Bancorp Price Performance

Evans Bancorp stock traded down $0.42 during trading on Friday, reaching $42.74. The company had a trading volume of 6,423 shares, compared to its average volume of 21,868. Evans Bancorp has a 1-year low of $24.07 and a 1-year high of $46.21. The stock has a market capitalization of $236.78 million, a P/E ratio of 19.88 and a beta of 0.92. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.99 and a current ratio of 0.99.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Evans Bancorp in a research note on Friday. They issued a “hold” rating on the stock.

Evans Bancorp Company Profile

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.