Investment analysts at StockNews.com assumed coverage on shares of Evans Bancorp (NYSEAMERICAN:EVBN - Get Free Report) in a report issued on Thursday. The firm set a "hold" rating on the bank's stock.
Separately, Keefe, Bruyette & Woods lifted their price objective on Evans Bancorp from $42.32 to $45.50 and gave the stock a "market perform" rating in a research report on Friday, November 1st.
Read Our Latest Stock Report on Evans Bancorp
Evans Bancorp Stock Performance
Shares of NYSEAMERICAN EVBN traded down $0.92 during midday trading on Thursday, reaching $42.96. 29,404 shares of the company were exchanged, compared to its average volume of 30,125. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.90. Evans Bancorp has a 1 year low of $24.07 and a 1 year high of $44.42. The firm has a market cap of $237.57 million, a P/E ratio of 12.96 and a beta of 0.91.
Evans Bancorp (NYSEAMERICAN:EVBN - Get Free Report) last announced its quarterly earnings data 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. Evans Bancorp had a return on equity of 10.40% and a net margin of 13.80%. The company had revenue of $31.69 million for the quarter.
Hedge Funds Weigh In On Evans Bancorp
A number of institutional investors and hedge funds have recently added to or reduced their stakes in EVBN. Endeavour Capital Advisors Inc. lifted its position in shares of 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 purchasing an additional 107,954 shares during the last quarter. PL Capital Advisors LLC lifted its holdings in Evans Bancorp by 12.4% in the second quarter. PL Capital Advisors LLC now owns 605,079 shares of the bank's stock worth $17,009,000 after acquiring an additional 66,642 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in Evans Bancorp in the second quarter worth about $500,000. American Century Companies Inc. bought a new position in Evans Bancorp in the second quarter worth about $337,000. Finally, Squarepoint Ops LLC bought a new position in Evans Bancorp in the second quarter worth about $237,000. 67.10% of the stock is owned by hedge funds and other institutional investors.
Evans Bancorp Company Profile
(
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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