Evans Bancorp (EVBN) Stock Price, News & Analysis

Company Overview

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. It also provides residential mortgages; commercial and multi-family mortgages and commercial construction loans; home equities, such as home equity lines of credit and second mortgage loans; commercial and industrial loans comprising term loans and lines of credit; consumer loans, includes direct automobile, recreational vehicle, boat, home improvement, and personal loans; other loans consist of cash reserves, overdrafts, and loan clearing accounts; and installment loans. In addition, the company offers non-deposit investment products, such as annuities and mutual funds. Evans Bancorp, Inc. was founded in 1920 and is headquartered in Williamsville, New York.

Key Stats

• Today's Range: $42.69 to $43.28
• 50-Day Range: N/A
• 52-Week Range: $24.07 to $45.43
• Volume: 3,615 shs
• Average Volume: 29,485 shs
• Market Capitalization: $239.77 million
• P/E Ratio: 13.00
• Dividend Yield: 3.05%
• Price Target: $36.25
• Consensus Rating: Hold

Evans Bancorp Stock Analysis - MarketRank™

Evans Bancorp scored higher than 46% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Hold

Consensus Rating

Evans Bancorp has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Evans Bancorp has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Evans Bancorp is 12.77, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 124.79.

Price to Earnings Ratio vs. Sector

The P/E ratio of Evans Bancorp is 12.77, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 45.86.

Price to Book Value per Share Ratio

Evans Bancorp has a P/B Ratio of 1.27. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.31% of the float of Evans Bancorp has been sold short.

Short Interest Ratio / Days to Cover

Evans Bancorp has a short interest ratio ("days to cover") of 0.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Evans Bancorp has recently decreased by 21.74%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Yield

Evans Bancorp pays a meaningful dividend of 3.05%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Evans Bancorp has been increasing its dividend for 12 years.

Dividend Coverage

The dividend payout ratio of Evans Bancorp is 39.64%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.31% of the float of Evans Bancorp has been sold short.

Short Interest Ratio / Days to Cover

Evans Bancorp has a short interest ratio ("days to cover") of 0.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Evans Bancorp has recently decreased by 21.74%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 1.9 / 5
• News Sentiment: 0.48

News Sentiment

Evans Bancorp has a news sentiment score of 0.48. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.76 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Evans Bancorp this week, compared to 1 article on an average week.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Evans Bancorp insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 6.34% of the stock of Evans Bancorp is held by insiders.

Percentage Held by Institutions

67.10% of the stock of Evans Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

EVBN Stock Analysis - Frequently Asked Questions

How have EVBN shares performed this year?

Evans Bancorp's stock was trading at $29.86 at the start of the year. Since then, EVBN shares have increased by 42.4% and is now trading at $42.51.
View the best growth stocks for 2024 here.

How were Evans Bancorp's earnings last quarter?

Evans Bancorp, Inc. (NYSEAMERICAN:EVBN) posted its quarterly earnings results on Thursday, October, 31st. The bank reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.13. The bank earned $31.69 million during the quarter. Evans Bancorp had a net margin of 13.80% and a trailing twelve-month return on equity of 10.27%.

Who are Evans Bancorp's major shareholders?

Top institutional investors of Evans Bancorp include PL Capital Advisors LLC (11.06%), The Manufacturers Life Insurance Company (3.69%), Geode Capital Management LLC (1.01%) and De Lisle Partners LLP (0.85%). Insiders that own company stock include Pl Capital Advisors, Llc, David J Nasca, Robert G Miller Jr, Lee C Wortham, John B Connerton, Kevin D Maroney and Jody L Lomeo.
View institutional ownership trends.

How do I buy shares of Evans Bancorp?

Shares of EVBN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Evans Bancorp own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Evans Bancorp investors own include American Water Works (AWK), Humana (HUM), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR), DiamondRock Hospitality (DRH) and AUO (AUOTY).

Company Calendar

• Ex-Dividend for 10/10 Dividend: 9/12/2024
• Dividend Payable: 10/10/2024
• Last Earnings: 10/31/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSEAMERICAN
• Sector: Finance
• Industry: National commercial banks
• Sub-Industry: Banking
• Current Symbol: NYSEAMERICAN:EVBN
• Previous Symbol: NASDAQ:EVBN
• CUSIP: N/A
• CIK: 842518
• Web: www.evansbank.com
• Phone: (716) 926-2000
• Fax: 716-926-2005
• Employees: 380
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $36.25
• High Stock Price Target: $45.50
• Low Stock Price Target: $27.00
• Potential Upside/Downside: -16.2%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $3.33
• Trailing P/E Ratio: 13.00
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $24.52 million
• Net Margins: 13.80%
• Pretax Margin: 19.99%
• Return on Equity: 10.27%
• Return on Assets: 0.83%

Debt

• Debt-to-Equity Ratio: 0.86
• Current Ratio: 0.99
• Quick Ratio: 0.99

Sales & Book Value

• Annual Sales: $129.77 million
• Price / Sales: 1.85
• Cash Flow: $4.77 per share
• Price / Cash Flow: 9.08
• Book Value: $33.54 per share
• Price / Book: 1.29

Miscellaneous

• Outstanding Shares: 5,540,000
• Free Float: 5,190,000
• Market Cap: $239.77 million
• Optionable: Not Optionable
• Beta: 0.91