Evans Bancorp (NYSEAMERICAN:EVBN) Shares Up 2.3% – Here’s What Happened

Evans Bancorp, Inc. (NYSEAMERICAN:EVBN) shot up 2.3% during trading on Thursday . The company traded as high as $39.68 and last traded at $39.49. 34,406 shares changed hands during mid-day trading, an increase of 82% from the average session volume of 18,864 shares. The stock had previously closed at $38.60.

Evans Bancorp Price Performance

The stock’s 50-day moving average price is $39.49 and its 200 day moving average price is $39.49. The firm has a market capitalization of $218.77 million, a price-to-earnings ratio of 11.86 and a beta of 0.92. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.86.

Evans Bancorp Company Profile

Evans Bancorp, Inc is the bank holding company for Evans Bank, a New York-chartered commercial bank headquartered in East Aurora, New York. Through its subsidiary, the company provides a full range of financial services, including deposit accounts, consumer and residential mortgage lending, and commercial lending solutions. Evans Bancorp operates under the regulatory supervision of the Federal Reserve and the New York State Department of Financial Services.

Evans Bank’s product portfolio encompasses checking and savings accounts, certificates of deposit, and money market accounts designed for both individual customers and small- to mid-sized businesses.