Evans Bancorp (NYSEAMERICAN:EVBN) Posts Earnings Results, Beats Expectations By $0.13 EPS

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

Evans Bancorp Price Performance

Shares of NYSEAMERICAN:EVBN traded down $0.28 during trading on Friday, hitting $39.54. 14,151 shares of the stock traded hands, compared to its average volume of 37,867. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.98 and a quick ratio of 0.98. Evans Bancorp has a 52-week low of $24.07 and a 52-week high of $41.18. The firm has a market cap of $218.66 million, a price-to-earnings ratio of 11.87 and a beta of 0.91.

Evans Bancorp Dividend Announcement

The business also recently declared a semi-annual dividend, which was paid on Thursday, October 10th. Shareholders of record on Thursday, September 12th were issued a $0.66 dividend. This represents a yield of 3.9%. The ex-dividend date of this dividend was Thursday, September 12th. Evans Bancorp’s payout ratio is presently 39.64%.

Wall Street Analysts Forecast Growth

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

About Evans Bancorp

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.