Evans Bancorp, Inc. (AMEX:EVBN) is reporting third quarter financial results on Thursday 29th October 2020, after market close.
According to analysts surveyed by Thomson Reuters, EVBN is expected to report 3Q20 income of $ 0.65 per share from revenue of $ 20.83 million.
For the full year, analysts anticipate top line of $ 77.29 million, while looking forward to income of $ 2.29 per share bottom line.
Previous Quarter Performance
Evans Bancorp, Inc. revealed income for the second quarter of $ 0.09 per share, from the revenue of $ 19.17 million. Wall street analysts are predicting, EVBN to report 2Q20 income of $ 0.24 per share from revenue of $ 18.95 million. The bottom line results missed street analysts by $ 0.15 or 62.5 percent, at the same time, top line results outshined analysts by $ 0.22 million or 1.16 percent.
Stock Performance
Shares of Evans Bancorp, Inc. traded low $ -0.51 or -2.17 percent on Wednesday, reaching $ 22.94 with volume of 8.20 thousand shares. Evans Bancorp, Inc. has traded high as $ 23.69 and has cracked $ 22.75 on the downward trend
According to the previous trading day, closing price of $ 22.94, representing a 14.39 % increase from the 52 week low of $ 20.50 and a 43.83 % decrease over the 52 week high of $ 41.75.
The company has a market capital of $ 123.35 million and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Analyst recommendations
- On 28th September 2020, maintained by Piper Sandler at Overweight rating, with $ 32.00 target price.
Recent Stock Dividend Announcement
On August 18, 2020, the board of directors authorized semi-annual dividend of $ 0.58 per share to holders of record as of the close of business on September 15, 2020, with payment date of October 6, 2020 and ex-dividend date on September 14, 2020.
Conference Call
Evans Bancorp, Inc. will be hosting a conference call at 4:45 PM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website evansbank.com
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.
