Evans Bancorp (NYSE:EVBN) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Evans Bancorp (NYSE:EVBN) in a report released on Saturday. The brokerage issued a hold rating on the stock.

Evans Bancorp Stock Performance

EVBN opened at $43.06 on Friday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.86. Evans Bancorp has a 1 year low of $24.07 and a 1 year high of $46.21. The firm has a market capitalization of $238.60 million, a P/E ratio of 20.03 and a beta of 0.92.

Evans Bancorp Dividend Announcement

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 13th will be given a dividend of $0.66 per share. This represents a yield of 3.1%. The ex-dividend date is Thursday, March 13th. Evans Bancorp’s dividend payout ratio is 61.40%.

Institutional Trading of Evans Bancorp

A number of institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN increased its holdings in shares of Evans Bancorp by 68,200.0% during the fourth quarter. Wells Fargo & Company MN now owns 683 shares of the company’s stock worth $30,000 after purchasing an additional 682 shares during the period. Legal & General Group Plc acquired a new stake in Evans Bancorp during the fourth quarter worth approximately $95,000. XTX Topco Ltd bought a new position in Evans Bancorp during the 4th quarter worth $249,000. Ritholtz Wealth Management raised its holdings in Evans Bancorp by 25.3% in the 4th quarter. Ritholtz Wealth Management now owns 7,022 shares of the company’s stock valued at $304,000 after acquiring an additional 1,417 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC bought a new stake in shares of Evans Bancorp during the 4th quarter valued at $349,000. Institutional investors own 67.10% of the company’s stock.

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.