Evans Bancorp (EVBN) Issues Earnings Results

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Evans Bancorp (NYSEAMERICAN:EVBN) issued its earnings results on Wednesday. The bank reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.03), Morningstar.com reports. The business had revenue of $16.70 million for the quarter.

Shares of NYSEAMERICAN:EVBN remained flat at $$36.00 during mid-day trading on Thursday. 1,939 shares of the stock were exchanged, compared to its average volume of 5,865. Evans Bancorp has a 52 week low of $30.61 and a 52 week high of $49.23.

The firm also recently declared a semiannual dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 13th were issued a dividend of $0.52 per share. This represents a dividend yield of 2.91%. The ex-dividend date of this dividend was Tuesday, March 12th. This is a positive change from Evans Bancorp’s previous semiannual dividend of $0.46.

Several large investors have recently modified their holdings of EVBN. Ramsey Quantitative Systems lifted its holdings in shares of Evans Bancorp by 60.5% during the fourth quarter. Ramsey Quantitative Systems now owns 2,681 shares of the bank’s stock worth $87,000 after purchasing an additional 1,011 shares during the period. Bank of America Corp DE lifted its holdings in shares of Evans Bancorp by 58.6% during the fourth quarter. Bank of America Corp DE now owns 3,408 shares of the bank’s stock worth $111,000 after purchasing an additional 1,259 shares during the period. Rhumbline Advisers lifted its holdings in shares of Evans Bancorp by 44.9% during the fourth quarter. Rhumbline Advisers now owns 6,752 shares of the bank’s stock worth $220,000 after purchasing an additional 2,093 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of Evans Bancorp by 18.1% during the fourth quarter. Acadian Asset Management LLC now owns 9,273 shares of the bank’s stock worth $302,000 after purchasing an additional 1,423 shares during the period. Finally, Deutsche Bank AG lifted its holdings in shares of Evans Bancorp by 4.4% during the fourth quarter. Deutsche Bank AG now owns 23,175 shares of the bank’s stock worth $752,000 after purchasing an additional 980 shares during the period.

Separately, Hovde Group upgraded shares of Evans Bancorp from a “market perform” rating to an “outperform” rating and set a $38.00 target price on the stock in a research report on Wednesday, January 2nd.

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Evans Bancorp Company Profile

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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