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

Equities researchers at StockNews.com began coverage on shares of Evans Bancorp (NYSE:EVBN) in a research note issued on Sunday. The brokerage set a “hold” rating on the stock.

Evans Bancorp Price Performance

Evans Bancorp stock opened at $41.32 on Friday. The company has a market cap of $228.95 million, a PE ratio of 12.41 and a beta of 0.92. Evans Bancorp has a 52 week low of $24.07 and a 52 week high of $46.21.

About Evans Bancorp

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.