Evans Bancorp (NYSEAMERICAN:EVBN) Now Covered by Analysts at StockNews.com

Equities researchers at StockNews.com began coverage on shares of Evans Bancorp (NYSEAMERICAN:EVBN - Get Free Report) in a research note issued on Saturday. The firm set a "hold" rating on the bank's stock.

Separately, Keefe, Bruyette & Woods increased their price objective on shares of Evans Bancorp from $26.50 to $30.50 and gave the company a "market perform" rating in a research note on Thursday, August 1st.

Evans Bancorp Price Performance

Evans Bancorp stock traded down $1.11 during trading hours on Friday, hitting $38.94. The company had a trading volume of 21,112 shares, compared to its average volume of 31,146. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market cap of $215.34 million, a price-to-earnings ratio of 11.44 and a beta of 0.91. Evans Bancorp has a 1 year low of $24.07 and a 1 year high of $41.18.

Evans Bancorp (NYSEAMERICAN:EVBN - Get Free Report) last announced its quarterly earnings results on Tuesday, July 30th. The bank reported $0.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.15. The firm had revenue of $30.22 million during the quarter. Evans Bancorp had a return on equity of 11.20% and a net margin of 14.51%.

Hedge Funds Weigh In On Evans Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets grew its position in Evans Bancorp by 78.1% during the 1st quarter. BNP Paribas Financial Markets now owns 2,624 shares of the bank's stock worth $78,000 after purchasing an additional 1,151 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Evans Bancorp during the 2nd quarter valued at approximately $204,000. Ritholtz Wealth Management purchased a new stake in Evans Bancorp during the third quarter worth $218,000. Squarepoint Ops LLC purchased a new position in Evans Bancorp in the second quarter valued at $237,000. Finally, American Century Companies Inc. acquired a new position in shares of Evans Bancorp in the second quarter worth about $337,000. Institutional investors and hedge funds own 67.10% of the company's stock.

Evans Bancorp Company Profile

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.