Media stories about Evans Bancorp (NASDAQ:EVBN) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Evans Bancorp earned a news sentiment score of 0.23 on Accern’s scale. Accern also assigned news headlines about the bank an impact score of 45.7925183527673 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Shares of Evans Bancorp (NASDAQ:EVBN) traded up 0.9298% during mid-day trading on Friday, reaching $43.1475. 2,114 shares of the company’s stock were exchanged. The firm has a market capitalization of $205.55 million and a P/E ratio of 19.2023. Evans Bancorp has a one year low of $25.90 and a one year high of $47.08. The stock has a 50-day moving average of $41.88 and a 200 day moving average of $40.24.
Evans Bancorp (NASDAQ:EVBN) last posted its quarterly earnings data on Thursday, July 27th. The bank reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.04. The business had revenue of $13.21 million during the quarter. Evans Bancorp had a return on equity of 9.20% and a net margin of 19.82%. On average, analysts forecast that Evans Bancorp will post $2.45 EPS for the current fiscal year.
The company also recently disclosed a semiannual dividend, which was paid on Tuesday, October 3rd. Shareholders of record on Tuesday, September 12th were issued a $0.40 dividend. The ex-dividend date was Monday, September 11th. This represents a yield of 1.97%.
Separately, Hovde Group lowered shares of Evans Bancorp from an “outperform” rating to a “market perform” rating and boosted their price target for the company from $45.00 to $48.00 in a research note on Friday, September 29th.
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About Evans Bancorp
Evans Bancorp, Inc is a financial holding company. The Company conducts its business through its subsidiaries, such as Evans Bank, N.A. (the Bank), which provides a range of banking services to consumer and commercial customers in Western New York, and Evans National Financial Services, LLC (ENFS), which hold interests in The Evans Agency, LLC (TEA), which sells various premium-based insurance policies on a commission basis.
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