Evans Bancorp (NYSEAMERICAN:EVBN) Stock Passes Below 50 Day Moving Average – Here’s Why

Shares of Evans Bancorp, Inc. (NYSEAMERICAN:EVBN) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $39.49 and traded as low as $39.10. Evans Bancorp shares last traded at $39.49, with a volume of 34,406 shares changing hands.

Evans Bancorp Stock Performance

The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.86. The company’s fifty day moving average is $39.49 and its 200 day moving average is $39.49. The company has a market cap of $218.77 million, a P/E ratio of 11.86 and a beta of 0.92.

Evans Bancorp Company Profile

Evans Bancorp, Inc is the bank holding company for Evans Bank, a New York-chartered commercial bank headquartered in East Aurora, New York. Through its subsidiary, the company provides a full range of financial services, including deposit accounts, consumer and residential mortgage lending, and commercial lending solutions. Evans Bancorp operates under the regulatory supervision of the Federal Reserve and the New York State Department of Financial Services.

Evans Bank’s product portfolio encompasses checking and savings accounts, certificates of deposit, and money market accounts designed for both individual customers and small- to mid-sized businesses.