Evans Bancorp (NYSEAMERICAN:EVBN) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Evans Bancorp (NYSEAMERICAN:EVBN) in a report released on Friday. The brokerage issued a hold rating on the bank’s stock.

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

Evans Bancorp Stock Down 0.9 %

Evans Bancorp stock opened at $45.15 on Friday. 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 fifty-two week low of $24.07 and a fifty-two week high of $46.21. The firm has a market capitalization of $250.13 million, a PE ratio of 13.56 and a beta of 0.92.

Evans Bancorp (NYSEAMERICAN:EVBN) last issued its quarterly earnings data on Thursday, October 31st. The bank reported $0.53 EPS for the quarter, topping the consensus estimate of $0.40 by $0.13. The company 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 Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Evans Bancorp during the 2nd quarter worth approximately $204,000. Ritholtz Wealth Management purchased a new stake in Evans Bancorp in the third quarter worth $218,000. Squarepoint Ops LLC bought a new position in Evans Bancorp in the second quarter worth $237,000. Prime Capital Investment Advisors LLC purchased a new position in Evans Bancorp during the third quarter valued at $251,000. Finally, American Century Companies Inc. bought a new stake in shares of Evans Bancorp during the 2nd quarter valued at $337,000. 67.10% of the stock is currently owned by institutional investors.

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.