Evans Bancorp (NYSEAMERICAN:EVBN) Issues Quarterly Earnings Results

Evans Bancorp (NYSEAMERICAN:EVBN) released its earnings results on Thursday. The bank reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.13, Zacks reports. Evans Bancorp had a return on equity of 10.40% and a net margin of 13.80%. The firm had revenue of $31.69 million for the quarter.

Evans Bancorp Trading Down 0.7 %

Shares of EVBN traded down $0.28 during mid-day trading on Friday, reaching $39.54. The stock had a trading volume of 14,151 shares, compared to its average volume of 37,867. Evans Bancorp has a 52-week low of $24.07 and a 52-week high of $41.18. The firm has a market capitalization of $218.66 million, a P/E ratio of 11.87 and a beta of 0.91. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.90.

Evans Bancorp Announces Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, October 10th. Shareholders of record on Thursday, September 12th were paid a dividend of $0.66 per share. This represents a yield of 3.9%. The ex-dividend date was Thursday, September 12th. Evans Bancorp’s dividend payout ratio (DPR) is currently 39.64%.

Wall Street Analyst Weigh In

EVBN has been the subject of several research reports. Keefe, Bruyette & Woods boosted their price objective on shares of Evans Bancorp from $42.32 to $45.50 and gave the company a “market perform” rating in a research report on Friday. StockNews.com assumed coverage on Evans Bancorp in a report on Friday. They issued a “hold” rating for the company.

Evans Bancorp Company Profile

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.