StockNews.com assumed coverage on shares of Evans Bancorp (NYSEAMERICAN:EVBN - Free Report) in a research report report published on Tuesday morning. The firm issued a hold rating on the bank's stock.
Separately, Keefe, Bruyette & Woods upped 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.
Get Our Latest Analysis on EVBN
Evans Bancorp Trading Up 0.1 %
Shares of NYSEAMERICAN EVBN traded up $0.05 during trading on Tuesday, reaching $42.96. 9,978 shares of the stock were exchanged, compared to its average volume of 29,636. The stock has a market cap of $238.00 million, a P/E ratio of 13.00 and a beta of 0.91. Evans Bancorp has a twelve month low of $24.07 and a twelve month high of $45.43. 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 - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The bank reported $0.53 EPS for the quarter, beating analysts' consensus estimates of $0.40 by $0.13. The firm 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 Announces Dividend
The business also recently announced a semi-annual dividend, which was paid on Thursday, October 10th. Investors of record on Thursday, September 12th were paid a $0.66 dividend. This represents a yield of 3.9%. The ex-dividend date was Thursday, September 12th. Evans Bancorp's payout ratio is presently 39.64%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the company. Endeavour Capital Advisors Inc. increased its position in Evans Bancorp by 56.6% during the second quarter. Endeavour Capital Advisors Inc. now owns 298,624 shares of the bank's stock worth $8,394,000 after acquiring an additional 107,954 shares during the period. Cubist Systematic Strategies LLC bought a new position in shares of Evans Bancorp during the second quarter worth approximately $500,000. American Century Companies Inc. acquired a new stake in shares of Evans Bancorp in the second quarter valued at approximately $337,000. Squarepoint Ops LLC bought a new stake in shares of Evans Bancorp in the second quarter valued at approximately $237,000. Finally, Vanguard Group Inc. grew its position in Evans Bancorp by 0.6% during the first quarter. Vanguard Group Inc. now owns 281,299 shares of the bank's stock worth $8,400,000 after buying an additional 1,620 shares in the last quarter. Institutional investors own 67.10% of the company's stock.
Evans Bancorp Company Profile
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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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