Stock analysts at StockNews.com started coverage on shares of Evans Bancorp (NYSEAMERICAN:EVBN - Get Free Report) in a report issued on Sunday. The brokerage set a "hold" rating on the bank's stock.
Separately, Keefe, Bruyette & Woods upped their price target 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.
Read Our Latest Research Report on Evans Bancorp
Shares of Evans Bancorp stock opened at $44.41 on Friday. The stock has a market capitalization of $246.03 million, a PE ratio of 13.34 and a beta of 0.91. 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 has a 52 week low of $24.07 and a 52 week high of $46.00.
Evans Bancorp (NYSEAMERICAN:EVBN - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The bank reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate 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%.
A number of institutional investors have recently modified their holdings of EVBN. Vanguard Group Inc. raised its holdings in shares of Evans Bancorp by 0.6% in the first quarter. Vanguard Group Inc. now owns 281,299 shares of the bank's stock valued at $8,400,000 after acquiring an additional 1,620 shares in the last quarter. Geode Capital Management LLC increased its position in Evans Bancorp by 6.9% during the 3rd quarter. Geode Capital Management LLC now owns 55,786 shares of the bank's stock valued at $2,175,000 after purchasing an additional 3,583 shares during the period. Barclays PLC raised its holdings in shares of Evans Bancorp by 47.7% in the 3rd quarter. Barclays PLC now owns 16,163 shares of the bank's stock valued at $630,000 after purchasing an additional 5,218 shares in the last quarter. Ritholtz Wealth Management purchased a new stake in shares of Evans Bancorp in the 3rd quarter worth approximately $218,000. Finally, Prime Capital Investment Advisors LLC bought a new position in shares of Evans Bancorp during the third quarter valued at approximately $251,000. 67.10% of the stock is owned by hedge funds and other institutional investors.
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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