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

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

Separately, Keefe, Bruyette & Woods increased their target price on Evans Bancorp from $26.50 to $30.50 and gave the stock a “market perform” rating in a report on Thursday, August 1st.

Evans Bancorp Stock Up 1.8 %

NYSEAMERICAN:EVBN opened at $39.80 on Monday. Evans Bancorp has a 52-week low of $24.07 and a 52-week high of $40.97. 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 firm has a market cap of $220.09 million, a price-to-earnings ratio of 11.50 and a beta of 0.91.

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

Insider Transactions at Evans Bancorp

In related news, major shareholder Pl Capital Advisors, Llc bought 6,680 shares of the business’s stock in a transaction dated Tuesday, July 23rd. The stock was bought at an average price of $32.81 per share, for a total transaction of $219,170.80. Following the purchase, the insider now owns 611,759 shares in the company, valued at $20,071,812.79. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.34% of the stock is currently owned by corporate insiders.

Institutional Trading of Evans Bancorp

Several large investors have recently made changes to their positions in EVBN. PL Capital Advisors LLC grew its holdings in shares of Evans Bancorp by 12.4% during the 2nd quarter. PL Capital Advisors LLC now owns 605,079 shares of the bank’s stock valued at $17,009,000 after purchasing an additional 66,642 shares during the last quarter. Endeavour Capital Advisors Inc. grew its stake in shares of Evans Bancorp by 56.6% during the second quarter. Endeavour Capital Advisors Inc. now owns 298,624 shares of the bank’s stock worth $8,394,000 after buying an additional 107,954 shares during the last quarter. Vanguard Group Inc. increased 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 worth $8,400,000 after buying an additional 1,620 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Evans Bancorp in the 2nd quarter valued at $500,000. Finally, American Century Companies Inc. acquired a new stake in shares of Evans Bancorp during the 2nd quarter valued at $337,000. Institutional investors and hedge funds own 67.10% of the company’s stock.

About Evans Bancorp

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.