Evans Bancorp (EVBN) Expected to Announce Quarterly Earnings on Thursday

Evans Bancorp (NYSEAMERICAN:EVBN) will likely be announcing its earnings results before the market opens on Thursday, January 30th. Analysts expect the company to announce earnings of $0.48 per share and revenue of $17,320.00 billion for the quarter.

Evans Bancorp (NYSEAMERICAN:EVBN) last posted its quarterly earnings results on Thursday, October 31st. The bank reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.13. The company 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%.

Evans Bancorp Stock Performance

NYSEAMERICAN EVBN opened at $43.61 on Thursday. The company has a market capitalization of $241.60 million, a PE ratio of 13.10 and a beta of 0.92. Evans Bancorp has a fifty-two week low of $24.07 and a fifty-two week high of $46.21. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.86. The business’s fifty day moving average is $43.71.

Analysts Set New Price Targets

Several research firms have recently issued reports on EVBN. StockNews.com began coverage on Evans Bancorp in a research note on Wednesday, January 8th. They issued a “hold” rating for the company. Keefe, Bruyette & Woods raised their target price on Evans Bancorp from $42.32 to $45.50 and gave the stock a “market perform” rating in a research note on Friday, November 1st.

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.