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

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

Separately, Keefe, Bruyette & Woods raised their price objective 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 Stock Performance

Shares of NYSEAMERICAN:EVBN opened at $44.19 on Monday. Evans Bancorp has a 52 week low of $24.07 and a 52 week high of $46.00. The company has a market capitalization of $244.81 million, a price-to-earnings ratio of 13.27 and a beta of 0.91. 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 (NYSEAMERICAN:EVBN) last announced its quarterly earnings results on Thursday, October 31st. The bank reported $0.53 EPS for the quarter, beating 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 for the quarter.

Institutional Trading of Evans Bancorp

Large investors have recently added to or reduced their stakes in the business. Point72 Asia Singapore Pte. Ltd. bought a new stake in Evans Bancorp during the second quarter worth approximately $204,000. Ritholtz Wealth Management bought a new stake in Evans Bancorp during the third quarter worth approximately $218,000. Squarepoint Ops LLC bought a new stake in Evans Bancorp during the second quarter worth approximately $237,000. Prime Capital Investment Advisors LLC bought a new stake in Evans Bancorp during the third quarter worth approximately $251,000. Finally, American Century Companies Inc. bought a new stake in Evans Bancorp during the second quarter worth approximately $337,000. 67.10% of the stock is currently owned by institutional investors.

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.