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

StockNews.com began coverage on shares of Evans Bancorp (NYSEAMERICAN:EVBN) in a research note issued to investors on Wednesday. The firm issued a hold rating on the bank’s stock.

Separately, Keefe, Bruyette & Woods raised their target price 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.

Evans Bancorp Stock Down 0.5 %

Shares of EVBN stock opened at $44.08 on Wednesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.98 and a current ratio of 0.99. The firm has a market capitalization of $244.20 million, a P/E ratio of 13.30 and a beta of 0.91. Evans Bancorp has a twelve month low of $24.07 and a twelve month high of $45.43.

Evans Bancorp (NYSEAMERICAN:EVBN) last released its earnings results on Thursday, October 31st. The bank reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates 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%.

Evans Bancorp Dividend Announcement

The company also recently declared a semi-annual dividend, which was paid on Thursday, October 10th. Investors of record on Thursday, September 12th were paid a $0.66 dividend. This represents a yield of 3.9%. The ex-dividend date was Thursday, September 12th. Evans Bancorp’s payout ratio is 39.64%.

Institutional Trading of Evans Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of EVBN. BNP Paribas Financial Markets increased its holdings in shares of Evans Bancorp by 78.1% in 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 in the last quarter. Vanguard Group Inc. boosted its position in shares of Evans Bancorp by 0.6% during the first quarter. Vanguard Group Inc. now owns 281,299 shares of the bank’s stock valued at $8,400,000 after buying an additional 1,620 shares during the last quarter. PL Capital Advisors LLC increased its holdings in Evans Bancorp by 12.4% in the 2nd quarter. PL Capital Advisors LLC now owns 605,079 shares of the bank’s stock worth $17,009,000 after buying an additional 66,642 shares in the last quarter. American Century Companies Inc. purchased a new position in Evans Bancorp in the 2nd quarter worth about $337,000. Finally, Cubist Systematic Strategies LLC purchased a new position in Evans Bancorp in the 2nd quarter worth about $500,000. 67.10% of the stock is currently owned by institutional investors.

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.