Evans Bancorp (NYSEAMERICAN:EVBN) Stock Passes Below 50-Day Moving Average – Time to Sell?

Evans Bancorp, Inc. (NYSEAMERICAN:EVBN) shares crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-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.

Evans Bancorp Price Performance

The company has a market capitalization of $218.77 million, a PE ratio of 11.86 and a beta of 0.92. The firm has a fifty day moving average of $39.49 and a two-hundred day moving average of $39.49. 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 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.