In a report released today, Alexander Twerdahl from Piper Sandler maintained a Hold rating on Evans Bancorp (EVBN – Research Report), with a price target of $27.00. The company’s shares opened today at $25.30.
According to TipRanks, Twerdahl is a 5-star analyst with an average return of 10.3% and a 60.19% success rate. Twerdahl covers the Financial sector, focusing on stocks such as Evans Bancorp, Financial Institutions, and Premier Financial.
The word on The Street in general, suggests a Hold analyst consensus rating for Evans Bancorp with a $30.33 average price target, representing a 19.88% upside. In a report released yesterday, KBW also assigned a Hold rating to the stock with a $26.50 price target.
Based on Evans Bancorp’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $32.5 million and a net profit of $10.17 million. In comparison, last year the company earned a revenue of $23.68 million and had a net profit of $6.04 million
Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EVBN in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Evans Bancorp (EVBN) Company Description:
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. The Insurance Agency Activities segment includes insurance policies on a commission basis, surety bonds, risk management, and disability reinsurance products. The company was founded on October 28, 1988 and is headquartered in Hamburg, NY.
