Evans Bancorp (NYSEAMERICAN:EVBN - Get Free Report) had its price target raised by stock analysts at Keefe, Bruyette & Woods from $42.32 to $45.50 in a report issued on Friday, Benzinga reports. The brokerage currently has a "market perform" rating on the bank's stock. Keefe, Bruyette & Woods' price target would suggest a potential upside of 15.07% from the stock's current price.
Separately, StockNews.com started coverage on Evans Bancorp in a report on Friday. They set a "hold" rating on the stock.
Get Our Latest Stock Analysis on EVBN
Evans Bancorp Trading Down 0.7 %
Shares of NYSEAMERICAN EVBN traded down $0.28 during midday trading on Friday, reaching $39.54. The company had a trading volume of 14,151 shares, compared to its average volume of 28,442. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.90. Evans Bancorp has a one year low of $24.07 and a one year high of $41.18. The firm has a market cap of $218.66 million, a PE ratio of 11.45 and a beta of 0.91.
Evans Bancorp (NYSEAMERICAN:EVBN - Get Free Report) last posted its earnings results on Tuesday, July 30th. The bank reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.15. The company had revenue of $30.22 million for the quarter. Evans Bancorp had a return on equity of 11.20% and a net margin of 14.51%.
Institutional Investors Weigh In On Evans Bancorp
A number of hedge funds have recently added to or reduced their stakes in the stock. PL Capital Advisors LLC raised its stake in shares of Evans Bancorp by 1.1% in the third quarter. PL Capital Advisors LLC now owns 611,759 shares of the bank's stock worth $23,840,000 after buying an additional 6,680 shares during the period. Ritholtz Wealth Management bought a new stake in Evans Bancorp during the 3rd quarter worth approximately $218,000. Cubist Systematic Strategies LLC purchased a new position in Evans Bancorp during the second quarter valued at approximately $500,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Evans Bancorp in the second quarter worth approximately $204,000. Finally, Endeavour Capital Advisors Inc. increased its stake in shares of Evans Bancorp by 56.6% in 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 in the last quarter. 67.10% of the stock is currently owned by hedge funds and other institutional investors.
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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