Evans Bancorp Inc (NYSE:EVBN) to Issue $0.66 Semi-annual Dividend

Evans Bancorp Inc (NYSE:EVBN) declared a semi-annual dividend on Thursday, February 20th, Wall Street Journal reports. Stockholders of record on Thursday, March 13th will be paid a dividend of 0.66 per share on Thursday, April 10th. This represents a dividend yield of 3.1%. The ex-dividend date is Thursday, March 13th.

Evans Bancorp has raised its dividend payment by an average of 3.2% per year over the last three years.

Evans Bancorp Trading Down 1.4 %

Shares of Evans Bancorp stock traded down $0.62 during trading hours on Friday, hitting $42.54. The company had a trading volume of 9,855 shares, compared to its average volume of 21,993. Evans Bancorp has a twelve month low of $24.07 and a twelve month high of $46.21. 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 stock has a market cap of $235.67 million, a price-to-earnings ratio of 19.79 and a beta of 0.92.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Evans Bancorp in a research note on Friday. They set a “hold” rating for the company.

About Evans Bancorp

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.