Evans Bancorp (NYSE:EVBN) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Evans Bancorp (NYSE:EVBN) in a report published on Monday morning. The firm issued a hold rating on the stock.

Evans Bancorp Trading Down 0.7 %

NYSE EVBN opened at $43.61 on Monday. 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 company has a market cap of $241.60 million, a P/E ratio of 13.10 and a beta of 0.92. Evans Bancorp has a 52 week low of $24.07 and a 52 week high of $46.21.

Institutional Trading of Evans Bancorp

A hedge fund recently raised its stake in Evans Bancorp stock. Ritholtz Wealth Management lifted its holdings in Evans Bancorp Inc (NYSE:EVBN) by 25.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,022 shares of the company’s stock after buying an additional 1,417 shares during the period. Ritholtz Wealth Management owned approximately 0.13% of Evans Bancorp worth $304,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 67.10% of the company’s stock.

Evans Bancorp Company Profile

Evans Bancorp, Inc primarily operates as the financial holding company for Evans Bank, N.A. that provides a range of banking products and services to consumer and commercial customers in Western New York and the Finger Lakes Region of New York State. It operates in two segments, Banking Activities and Insurance Agency Activities.