StockNews.com Initiates Coverage on Evans Bancorp (NYSEAMERICAN:EVBN)

Equities researchers at StockNews.com started coverage on shares of Evans Bancorp (NYSEAMERICAN:EVBN) in a report released on Tuesday. The firm set 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 note on Friday, November 1st.

Evans Bancorp Trading Down 1.7 %

NYSEAMERICAN:EVBN opened at $42.51 on Tuesday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.86. Evans Bancorp has a fifty-two week low of $24.07 and a fifty-two week high of $45.43. The stock has a market cap of $235.51 million, a PE ratio of 12.77 and a beta of 0.91.

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

Institutional Trading of Evans Bancorp

Institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets grew its holdings in shares of Evans Bancorp by 78.1% during the 1st quarter. BNP Paribas Financial Markets now owns 2,624 shares of the bank’s stock worth $78,000 after purchasing an additional 1,151 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Evans Bancorp during the second quarter worth about $204,000. Ritholtz Wealth Management bought a new stake in Evans Bancorp during the third quarter worth about $218,000. Squarepoint Ops LLC acquired a new stake in Evans Bancorp during the second quarter worth about $237,000. Finally, Prime Capital Investment Advisors LLC bought a new position in Evans Bancorp in the 3rd quarter valued at about $251,000. Institutional investors 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.