Evans Bancorp (NYSE:EVBN) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Evans Bancorp (NYSE:EVBN – Get Rating) in a report published on Thursday morning. The brokerage issued a hold rating on the stock.

Evans Bancorp Price Performance

Shares of EVBN opened at $34.96 on Thursday. The firm has a market capitalization of $190.53 million, a PE ratio of 8.63 and a beta of 0.89. The company’s 50-day moving average is $38.72 and its 200-day moving average is $38.00. Evans Bancorp has a fifty-two week low of $32.53 and a fifty-two week high of $40.57. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.94 and a quick ratio of 0.94.

Evans Bancorp (NYSE:EVBN – Get Rating) last issued its quarterly earnings data on Thursday, February 2nd. The company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.16. The company had revenue of $23.68 million for the quarter, compared to analyst estimates of $23.86 million. Evans Bancorp had a net margin of 22.67% and a return on equity of 14.09%. Equities analysts forecast that Evans Bancorp will post 4.15 EPS for the current year.

About Evans Bancorp

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Evans Bancorp, Inc is a bank holding company, which engages in the provision of financial solutions. It operates through the Banking Activities and Insurance Agency Activities segments. The Banking Activities segment offers consumer and commercial banking services such as lending, deposits, annuities, and mutual funds.