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

StockNews.com started coverage on shares of Evans Bancorp (NYSEAMERICAN:EVBN) in a report published on Thursday morning. The firm issued a hold rating on the bank’s stock.

Separately, Keefe, Bruyette & Woods increased their target price on Evans Bancorp from $42.32 to $45.50 and gave the company a “market perform” rating in a research report on Friday, November 1st.

Evans Bancorp Trading Down 1.1 %

NYSEAMERICAN:EVBN opened at $43.07 on Thursday. Evans Bancorp has a 12-month low of $24.07 and a 12-month high of $46.21. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market cap of $238.61 million, a P/E ratio of 12.93 and a beta of 0.92.

Evans Bancorp (NYSEAMERICAN:EVBN) last announced its quarterly earnings results on Thursday, October 31st. The bank reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.13. The company 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%.

Institutional Trading of Evans Bancorp

Several hedge funds have recently added to or reduced their stakes in EVBN. Oddo BHF Asset Management Sas acquired a new position in shares of Evans Bancorp in the 3rd quarter valued at $5,599,000. Endeavour Capital Advisors Inc. grew its holdings in shares of Evans Bancorp by 56.6% during 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 during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Evans Bancorp during the second quarter worth about $500,000. American Century Companies Inc. purchased a new stake in shares of Evans Bancorp in the 2nd quarter valued at about $337,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of Evans Bancorp in the 2nd quarter valued at about $237,000. 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.