Evans Bancorp (EVBN) Stock Forecast, Price & News

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Evans Bancorp in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street 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.
View EVBN analyst ratings or view top-rated stocks.

1 equities research analysts have issued 1 year target prices for Evans Bancorp's stock. Their EVBN share price forecasts range from $34.00 to $35.50. On average, they anticipate the company's share price to reach $34.75 in the next year. This suggests a possible upside of 48.6% 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 on January 1st, 2023. Since then, EVBN shares have decreased by 37.4% and is now trading at $23.39.
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Evans Bancorp saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 11,200 shares, an increase of 7.7% from the April 30th total of 10,400 shares. Based on an average daily trading volume, of 13,900 shares, the short-interest ratio is currently 0.8 days. Currently, 0.2% of the company's stock are sold short.
View Evans Bancorp's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 25th 2023.
View our EVBN earnings forecast.

Evans Bancorp, Inc. (NYSEAMERICAN:EVBN) issued its quarterly earnings results on Thursday, April, 27th. The bank reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.18. The bank earned $21.44 million during the quarter, compared to analyst estimates of $23.01 million. Evans Bancorp had a trailing twelve-month return on equity of 15.01% and a net margin of 22.48%.

Evans Bancorp announced a semi-annual dividend on Thursday, February 23rd. Stockholders of record on Friday, March 10th will be paid a dividend of $0.66 per share on Tuesday, April 4th. This represents a yield of 3.3%. The ex-dividend date is Thursday, March 9th. This is a boost from the stock's previous semi-annual dividend of $0.64.
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 5.64%. 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 31.06%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, EVBN will have a dividend payout ratio of 43.28% 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 variety of retail and institutional investors. Top institutional investors include PL Capital Advisors LLC (9.79%), Fourthstone LLC (5.00%), Dimensional Fund Advisors LP (3.53%), BlackRock Inc. (1.21%), Boothbay Fund Management LLC (0.56%) and State Street Corp (0.56%). 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 $23.39.

Evans Bancorp (NYSEAMERICAN:EVBN) has a market capitalization of $127.71 million and generates $98.75 million in revenue each year. The bank earns $22.39 million in net income (profit) each year or $4.25 on an earnings per share basis.

The company employs 378 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.