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ValuEngine upgraded Evans Bancorp Inc. (NASDAQ:EVBN) to Buy in a report released today.

ValuEngine has upgraded Evans Bancorp Inc. (NASDAQ:EVBN) to Buy in a report released on 6/02/2017.

Just yesterday Evans Bancorp Inc. (NASDAQ:EVBN) traded 0.69% higher at $41.50. Evans Bancorp Inc.’s 50-day moving average is $42.43 and its 200-day moving average is $40.45. The last closing price is up 8.15% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.03% over the same time period. 5,482 shares of EVBN traded hands, down from an average trading volume of 8,414

Recent Performance Chart

Evans Bancorp Inc. (NASDAQ:EVBN)

Evans Bancorp Inc. has 52 week low of $25.90 and a 52 week high of $47.08 with a PE ratio of 19.47 and has a market capitalization of $0.

In addition to ValuEngine reporting its stock price target, a total of 2 brokers have issued a research note on the company. The average stock price target is $28.50 with 0 brokers rating the stock a strong buy, 1 broker rating the stock a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

Brief Synopsis On Evans Bancorp Inc. (NASDAQ:EVBN)

Evans Bancorp, Inc. is a financial holding company. The Company conducts its business through its subsidiaries, such as Evans Bank, N.A. (the Bank), which provides a range of banking services to consumer and commercial customers in Western New York, and Evans National Financial Services, LLC (ENFS), which hold interests in The Evans Agency, LLC (TEA), which sells various premium-based insurance policies on a commission basis. The Bank operates through over 10 banking offices in Erie County and Chautauqua County, New York. ENFS owns the business and assets of the Company's non-banking financial services subsidiaries. The Company operates in two segments, namely, banking activities and insurance agency activities. Its banking business segment includes both commercial and consumer banking services, including a range of lending and depository services. Its insurance agency segment includes the activities of selling various premium-based insurance policies on a commission basis.

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