Evans Bancorp (EVBN) Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Evans Bancorp in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" EVBN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EVBN, but not buy additional shares or sell existing shares.
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1 brokers have issued twelve-month price targets for Evans Bancorp's shares. Their EVBN share price forecasts range from $33.00 to $35.50. On average, they anticipate the company's share price to reach $34.25 in the next year. This suggests a possible upside of 25.3% from the stock's current price.
View analysts price targets for EVBN or view top-rated stocks among Wall Street analysts.

Evans Bancorp's stock was trading at $37.39 at the beginning of 2023. Since then, EVBN stock has decreased by 26.9% and is now trading at $27.33.
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Evans Bancorp saw a drop in short interest in September. As of September 15th, there was short interest totaling 71,600 shares, a drop of 20.2% from the August 31st total of 89,700 shares. Based on an average trading volume of 22,300 shares, the days-to-cover ratio is presently 3.2 days. Currently, 1.4% of the shares of the stock are sold short.
View Evans Bancorp's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023.
View our EVBN earnings forecast.

Evans Bancorp, Inc. (NYSEAMERICAN:EVBN) issued its quarterly earnings results on Thursday, July, 27th. The bank reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.24. The bank earned $20.38 million during the quarter, compared to analysts' expectations of $20.31 million. Evans Bancorp had a trailing twelve-month return on equity of 14.57% and a net margin of 20.72%.

Evans Bancorp announced a semi-annual dividend on Wednesday, August 23rd. Shareholders of record on Tuesday, September 19th will be given a dividend of $0.66 per share on Wednesday, October 18th. This represents a yield of 4.6%. The ex-dividend date of this dividend is Monday, September 18th.
Read our dividend analysis for EVBN.

Evans Bancorp (NYSEAMERICAN:EVBN) pays an annual dividend of $1.32 per share and currently has a dividend yield of 4.78%. EVBN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 32.04%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, EVBN will have a dividend payout ratio of 41.64% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for EVBN.

Based on aggregate information from My MarketBeat watchlists, some companies that other Evans Bancorp investors own include Verizon Communications (VZ), AbbVie (ABBV), Cisco Systems (CSCO), International Business Machines (IBM), AT&T (T), Johnson & Johnson (JNJ), Coca-Cola (KO), Pfizer (PFE), Home Depot (HD) and Intel (INTC).

Evans Bancorp trades on the New York Stock Exchange (NYSE)AMERICAN under the ticker symbol "EVBN."

Evans Bancorp's stock is owned by a number of institutional and retail investors. Top institutional shareholders include PL Capital Advisors LLC (9.54%), BlackRock Inc. (5.85%), The Manufacturers Life Insurance Company (5.40%), Alliancebernstein L.P. (4.13%), Dimensional Fund Advisors LP (3.28%) and Fourthstone LLC (2.97%). Insiders that own company stock include David J Nasca, Kevin D Maroney, Robert G Miller Jr and Robert G Miller, Jr.
View institutional ownership trends.

Shares of EVBN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of EVBN stock can currently be purchased for approximately $27.33.

Evans Bancorp (NYSEAMERICAN:EVBN) has a market capitalization of $149.77 million and generates $98.75 million in revenue each year. The bank earns $22.39 million in net income (profit) each year or $4.12 on an earnings per share basis.

The company employs 379 workers across the globe.

Evans Bancorp's mailing address is 14-16 North Main Street, ANGOLA, NY 14006, United States. The official website for the company is www.evansbank.com. The bank can be reached via phone at (716) 926-2000, via email at shareholderinfo@evansbank.com, or via fax at 716-926-2005.