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

StockNews.com initiated coverage on shares of Evans Bancorp (NYSEAMERICAN:EVBN) in a research report report published on Wednesday. The brokerage issued a hold rating on the bank’s stock.

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

Evans Bancorp Stock Down 0.9 %

Evans Bancorp stock opened at $41.83 on Wednesday. The firm has a market cap of $231.74 million, a PE ratio of 12.56 and a beta of 0.92. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.99 and a quick ratio of 0.99. Evans Bancorp has a 12-month low of $24.07 and a 12-month high of $46.21.

Evans Bancorp (NYSEAMERICAN:EVBN) last posted its 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 firm had revenue of $31.69 million during the quarter. Evans Bancorp had a return on equity of 10.27% and a net margin of 13.80%.

Institutional Trading of Evans Bancorp

A number of large investors have recently bought and sold shares of the business. Ritholtz Wealth Management acquired a new position in shares of Evans Bancorp in the third quarter valued at approximately $218,000. Prime Capital Investment Advisors LLC purchased a new position in Evans Bancorp in the 3rd quarter valued at $251,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Evans Bancorp during the 2nd quarter worth $204,000. Squarepoint Ops LLC acquired a new stake in shares of Evans Bancorp in the 2nd quarter worth $237,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Evans Bancorp by 18.9% in the third quarter. JPMorgan Chase & Co. now owns 9,503 shares of the bank’s stock valued at $370,000 after acquiring an additional 1,511 shares in the last quarter. Institutional investors and hedge funds own 67.10% of the company’s stock.

About Evans Bancorp

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.