Somewhat Positive Media Coverage Somewhat Unlikely to Affect Evans Bancorp (EVBN) Share Price
Press coverage about Evans Bancorp (NASDAQ:EVBN) has been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Evans Bancorp earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned press coverage about the bank an impact score of 46.6897749344351 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- Evans Bancorp approves share buy-back program (bizjournals.com)
- Evans Bancorp (EVBN) Announces Stock Repurchase Program (americanbankingnews.com)
- Evans Bancorp, Inc. : Announces Third Quarter 2017 Conference Call and Webcast (4-traders.com)
- Evans Bancorp, Inc. Announces Third Quarter 2017 Conference Call and Webcast (finance.yahoo.com)
Evans Bancorp (NASDAQ EVBN) traded up 1.66% during trading on Wednesday, hitting $42.90. 169 shares of the stock traded hands. The firm has a 50-day moving average price of $42.49 and a 200 day moving average price of $40.56. Evans Bancorp has a 52-week low of $25.90 and a 52-week high of $47.08. The company has a market cap of $204.38 million and a P/E ratio of 19.09.
Evans Bancorp (NASDAQ:EVBN) last released its earnings results on Thursday, July 27th. The bank reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.04. The company had revenue of $13.21 million during the quarter. Evans Bancorp had a net margin of 19.82% and a return on equity of 9.20%. On average, equities analysts expect that Evans Bancorp will post $2.45 EPS for the current year.
The company also recently announced a semiannual dividend, which was paid on Tuesday, October 3rd. Investors of record on Tuesday, September 12th were issued a $0.40 dividend. This represents a yield of 1.97%. The ex-dividend date was Monday, September 11th.
Evans Bancorp announced that its board has initiated a stock buyback program on Thursday, October 19th that permits the company to repurchase 100,000 shares. This repurchase authorization permits the bank to purchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.
Separately, Hovde Group downgraded shares of Evans Bancorp from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from $45.00 to $48.00 in a report on Friday, September 29th.
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About Evans Bancorp
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.
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