Evans Bancorp (NYSE:EVBN) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of Evans Bancorp (NYSE:EVBN) in a research note released on Sunday. The firm issued a hold rating on the stock.

Evans Bancorp Stock Performance

Evans Bancorp stock opened at $40.85 on Friday. The stock has a market cap of $226.35 million, a price-to-earnings ratio of 12.27 and a beta of 0.92.

About Evans Bancorp

Evans Bancorp, Inc primarily 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 and the Finger Lakes Region of New York State. It operates in two segments, Banking Activities and Insurance Agency Activities.