Evans Bancorp (EVBN) Releases Earnings Results, Misses Estimates By $0.03 EPS

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Evans Bancorp (NYSEAMERICAN:EVBN) announced its quarterly earnings data on Wednesday. The bank reported $0.75 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.78 by ($0.03), Morningstar.com reports. The company had revenue of $16.70 million during the quarter.

Evans Bancorp stock traded up $0.40 during trading hours on Thursday, reaching $36.40. The company had a trading volume of 802 shares, compared to its average volume of 5,865. Evans Bancorp has a 12-month low of $30.61 and a 12-month high of $49.23.

The business also recently declared a semiannual dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 13th were paid a $0.52 dividend. This is a boost from Evans Bancorp’s previous semiannual dividend of $0.46. This represents a yield of 2.91%. The ex-dividend date was Tuesday, March 12th.

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

Institutional investors have recently made changes to their positions in the business. Ramsey Quantitative Systems increased its stake in Evans Bancorp by 60.5% in the 4th 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 increased its stake in Evans Bancorp by 58.6% in the 4th 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 increased its stake in Evans Bancorp by 44.9% in the 4th 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 increased its stake in Evans Bancorp by 18.1% in the 4th 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 increased its stake in Evans Bancorp by 4.4% in the 4th 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.

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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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