StockNews.com Begins Coverage on Evans Bancorp (NYSE:EVBN)

Equities research analysts at StockNews.com initiated coverage on shares of Evans Bancorp (NYSE:EVBN) in a research note issued on Tuesday. The firm set a “hold” rating on the stock.

Evans Bancorp Price Performance

EVBN opened at $42.87 on Tuesday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market cap of $237.54 million, a PE ratio of 12.87 and a beta of 0.92. Evans Bancorp has a twelve month low of $24.07 and a twelve month high of $46.21.

Institutional Trading of Evans Bancorp

An institutional investor recently raised its position in Evans Bancorp stock. Ritholtz Wealth Management boosted its holdings in shares of Evans Bancorp Inc (NYSE:EVBN) by 25.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,022 shares of the company’s stock after purchasing an additional 1,417 shares during the quarter. Ritholtz Wealth Management owned about 0.13% of Evans Bancorp worth $304,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 67.10% of the company’s stock.

Evans Bancorp Company Profile

Evans Bancorp, Inc primarily operates as the financial holding company for Evans Bank, N.A. that provides a range of banking products and services to consumer and commercial customers in Western New York and the Finger Lakes Region of New York State. It operates in two segments, Banking Activities and Insurance Agency Activities.