Evans Bancorp (EVBN) – Research Analysts’ Weekly Ratings Changes

Evans Bancorp (NYSEAMERICAN: EVBN) recently received a number of ratings updates from brokerages and research firms:

• 10/14/2024 – Evans Bancorp is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 10/8/2024 – Evans Bancorp is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 10/2/2024 – Evans Bancorp is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 9/26/2024 – Evans Bancorp is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 9/20/2024 – Evans Bancorp is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.

Evans Bancorp Stock Performance

Shares of NYSEAMERICAN:EVBN opened at $40.09 on Tuesday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.90. The firm has a market cap of $221.70 million, a price-to-earnings ratio of 11.59 and a beta of 0.91. Evans Bancorp, Inc. has a 1-year low of $24.07 and a 1-year high of $40.97.

Evans Bancorp (NYSEAMERICAN:EVBN) last posted its earnings results on Tuesday, July 30th. The bank reported $0.53 EPS for the quarter, topping the consensus estimate of $0.38 by $0.15. The firm had revenue of $30.22 million for the quarter. Evans Bancorp had a net margin of 14.51% and a return on equity of 11.20%.

Evans Bancorp Dividend Announcement

The business also recently announced a semi-annual dividend, which was paid on Thursday, October 10th. Stockholders of record on Thursday, September 12th were given a dividend of $0.66 per share. This represents a dividend yield of 3.9%. The ex-dividend date of this dividend was Thursday, September 12th. Evans Bancorp’s dividend payout ratio is currently 38.15%.

Insider Buying and Selling

In other news, major shareholder Pl Capital Advisors, Llc purchased 6,680 shares of the company’s stock in a transaction dated Tuesday, July 23rd. The shares were purchased at an average price of $32.81 per share, with a total value of $219,170.80. Following the transaction, the insider now directly owns 611,759 shares of the company’s stock, valued at approximately $20,071,812.79. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 6.34% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Ritholtz Wealth Management purchased a new position in shares of Evans Bancorp during the 3rd quarter valued at $218,000. Cubist Systematic Strategies LLC purchased a new position in Evans Bancorp during the second quarter worth about $500,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Evans Bancorp in the 2nd quarter worth about $204,000. Endeavour Capital Advisors Inc. raised its holdings in shares of Evans Bancorp by 56.6% in the 2nd quarter. Endeavour Capital Advisors Inc. now owns 298,624 shares of the bank’s stock valued at $8,394,000 after acquiring an additional 107,954 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new stake in shares of Evans Bancorp during the 2nd quarter valued at about $237,000. Institutional investors own 67.10% of the company’s stock.

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.