Tag Archives: EVBN

Evans Bancorp, Inc. (NYSEAMERICAN:EVBN) Plans $0.60 Semi-annual Dividend

Evans Bancorp, Inc. (NYSEAMERICAN:EVBN) declared a semi-annual dividend on Thursday, August 19th, Wall Street Journal reports. Investors of record on Tuesday, September 14th will be paid a dividend of 0.60 per share by the bank on Tuesday, October 5th. This represents a yield of 3.1%. The ex-dividend date is Monday, September 13th.

Evans Bancorp has increased its dividend payment by 45.0% over the last three years and has raised its dividend annually for the last 1 consecutive years.

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Shares of NYSEAMERICAN EVBN opened at $38.57 on Friday. Evans Bancorp has a twelve month low of $21.78 and a twelve month high of $40.45. The business’s fifty day moving average price is $26.60. The company has a market capitalization of $210.59 million, a P/E ratio of 8.92 and a beta of 1.21. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.94 and a quick ratio of 0.94.

Evans Bancorp (NYSEAMERICAN:EVBN) last announced its earnings results on Thursday, July 29th. The bank reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.19. Evans Bancorp had a net margin of 23.34% and a return on equity of 14.02%. The business had revenue of $22.77 million during the quarter, compared to the consensus estimate of $21.20 million. As a group, analysts anticipate that Evans Bancorp will post 3.71 earnings per share for the current year.

In related news, Director Robert G. Miller, Jr. sold 2,150 shares of the business’s stock in a transaction dated Thursday, August 5th. The shares were sold at an average price of $39.57, for a total transaction of $85,075.50. Following the transaction, the director now directly owns 74,761 shares in the company, valued at $2,958,292.77. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 6.39% of the stock is currently owned by insiders.

Several equities research analysts have weighed in on EVBN shares. Zacks Investment Research raised shares of Evans Bancorp from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a research note on Monday, August 2nd. Hovde Group downgraded shares of Evans Bancorp from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $37.00 to $38.00 in a research note on Monday, May 3rd.

Evans Bancorp Company Profile

Evans Bancorp, Inc is a bank holding company, which engages in the provision of financial solutions. It operates through the Banking Activities and Insurance Agency Activities segments. The Banking Activities segment offers consumer and commercial banking services such as lending, deposits, annuities, and mutual funds.

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Dividend History for Evans Bancorp (NYSEAMERICAN:EVBN)

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Weatherford International (NASDAQ:WFRD) and TechnipFMC (NYSE:FTI) are both oils/energy companies, but which is the superior investment? We will compare the two businesses based on the strength of their institutional ownership, dividends, earnings, risk, valuation, profitability and analyst recommendations.

Valuation and Earnings

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This table compares Weatherford International and TechnipFMC’s gross revenue, earnings per share (EPS) and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
Weatherford International N/A N/A N/A N/A N/A
TechnipFMC $13.05 billion 0.22 -$3.29 billion $0.20 32.10

Weatherford International has higher earnings, but lower revenue than TechnipFMC.

Best Stocks To Own Right Now: Evans Bancorp, Inc.(EVBN)

Evans Bancorp, Inc. 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. It operates through two segments, Banking Activities and Insurance Agency Activities. The company offers deposit products, which include checking and NOW accounts, savings accounts, and certificates of deposit. It provides residential mortgages; commercial and multi-family mortgages; commercial construction loans; home equities, such as home equity lines of credit and second mortgage loans; commercial and industrial loans comprising term loans and lines of credit; consumer loans, including direct automobile, recreational vehicle, boat, home improvement, and personal loans; other loans consisting of overdrafts and loan clearing accounts; installment loans; and direct financing leasing of commercial small-ticket general business equipment. In addition, the company sells various premium-based insurance policies, including business and personal insurance, surety bonds, risk management, life, disability, and long-term care coverage, as well as provides claims adjusting services and non-deposit investment products, such as annuities and mutual funds. It operates through 13 full-service banking offices in Erie County and Chautauqua County, New York. The company was founded in 1920 and is based in Hamburg, New York.

Advisors’ Opinion:

  • [By Max Byerly]

    LSV Asset Management boosted its stake in shares of Evans Bancorp Inc. (NYSEAMERICAN:EVBN) by 93.5% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,200 shares of the bank’s stock after purchasing an additional 2,513 shares during the period. LSV Asset Management’s holdings in Evans Bancorp were worth $239,000 at the end of the most recent reporting period.

  • [By Ethan Ryder]

    Evans Bancorp (NYSEAMERICAN:EVBN) was downgraded by investment analysts at Hovde Group from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Monday. They presently have a $50.00 price objective on the bank’s stock. Hovde Group’s price target would suggest a potential upside of 6.16% from the stock’s previous close.

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iShares S&P Mid-Cap 400 Value ETF, formerly iShares S&P MidCap 400 Value Index Fund (the Fund), is an exchange traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the S&P MidCap 400 Value Index (the Index). The Value Index measures the performance of the mid-capitalization value sector of the United States equity market and consists of those stocks in the S&P MidCap 400 Index exhibiting the strongest value characteristics. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. The Index is a subset of the S&P 400 Index and consists of those companies exhibiting the strongest value characteristics within the S&P 400 Index, representing 53% approximately of the market capitalization of the Index. BlackRock Fund Advisors (BFA) serves as the investment adviser to the Fund.
Advisors’ Opinion:

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Credit Suisse Group AG, together with its subsidiaries, operates as a financial services company. The company operates in three segments: Private Banking, Investment Banking, and Asset Management. The Private Banking segment offers advisory services and a range of wealth management solutions, including pension planning, life insurance products, tax planning, and wealth and inheritance advice for the high-net-worth and ultra-high-net-worth individuals. This segment also supplies banking products and services to affluent, high-net-worth and ultra-high-net-worth clients, and corporates and institutions. The Investment Banking segment provides investment banking and securities products and services to corporations, governments, pension funds, and institutions. Its products and services include debt and equity underwriting, sales and trading, mergers and acquisitions advice, divestitures, corporate sales, restructuring, and investment research. The Asset Management segment offe rs integrated investment solutions and services to institutions, governments, foundations and endowments, corporations, and individuals. It provides access to a range of investment classes across alternative investment, asset allocation, and traditional investment strategies. The company operates in Switzerland, Europe, the Middle East, Africa, the Americas, and the Asia Pacific. Credit Suisse Group AG was founded in 1856 and is headquartered in Zurich, Switzerland.

Advisors’ Opinion:

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