Evans Bancorp (NYSEAMERICAN:EVBN) Announces Quarterly Earnings Results, Misses Expectations By $0.55 EPS

Evans Bancorp (NYSEAMERICAN:EVBN) announced its quarterly earnings data on Wednesday. The bank reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.55), MarketWatch Earnings reports. The company had revenue of $19.17 million during the quarter, compared to analysts’ expectations of $19.05 million.

Shares of EVBN stock opened at $22.05 on Friday. Evans Bancorp has a 12 month low of $20.50 and a 12 month high of $41.75.

Several equities research analysts recently issued reports on EVBN shares. TheStreet downgraded Evans Bancorp from a “b-” rating to a “c” rating in a research note on Friday, April 17th. Zacks Investment Research raised Evans Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, July 7th.

In other Evans Bancorp news, CEO David J. Nasca bought 1,332 shares of Evans Bancorp stock in a transaction on Thursday, May 21st. The shares were purchased at an average cost of $24.99 per share, for a total transaction of $33,286.68. Insiders bought a total of 2,532 shares of company stock valued at $63,145 over the last three months.

About Evans Bancorp

Evans Bancorp, Inc offers banking products and services. The company offers demand deposits and interest and non-interest bearing time and savings deposits. The company's deposits include jumbo deposits and retail time deposits. The bank provides commercial and industrial loans, consumer loans, commercial real estate loans, and other loans and leases.

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Earnings History for Evans Bancorp (NYSEAMERICAN:EVBN)

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