Analysts at StockNews.com initiated coverage on shares of Evans Bancorp (NYSEAMERICAN:EVBN - Get Free Report) in a research note issued to investors on Wednesday. The brokerage set a "hold" rating on the bank's stock.
Separately, Keefe, Bruyette & Woods lifted 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.
Read Our Latest Analysis on Evans Bancorp
Evans Bancorp Stock Performance
NYSEAMERICAN:EVBN traded down $0.39 during trading hours on Wednesday, reaching $41.83. The company's stock had a trading volume of 19,955 shares, compared to its average volume of 21,231. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $231.74 million, a price-to-earnings ratio of 12.56 and a beta of 0.92. Evans Bancorp has a 12 month low of $24.07 and a 12 month high of $46.21.
Evans Bancorp (NYSEAMERICAN:EVBN - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The bank reported $0.53 EPS for the quarter, topping the consensus estimate of $0.40 by $0.13. The firm had revenue of $31.69 million during the quarter. Evans Bancorp had a net margin of 13.80% and a return on equity of 10.27%.
Institutional Trading of Evans Bancorp
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Oddo BHF Asset Management Sas acquired a new stake in Evans Bancorp during the third quarter worth $5,599,000. Endeavour Capital Advisors Inc. grew its holdings in shares of Evans Bancorp by 56.6% during the 2nd quarter. Endeavour Capital Advisors Inc. now owns 298,624 shares of the bank's stock worth $8,394,000 after purchasing an additional 107,954 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in shares of Evans Bancorp during the 2nd quarter worth about $500,000. Stifel Financial Corp acquired a new stake in shares of Evans Bancorp during the 3rd quarter worth about $556,000. Finally, American Century Companies Inc. purchased a new stake in Evans Bancorp in the 2nd quarter valued at about $337,000. 67.10% of the stock is owned by institutional investors and hedge funds.
About Evans Bancorp
(
Get Free Report)
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.
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