Recent exceptional positive changes in investment behavior have benefitted Evans Bancorp Inc (NYSEAMERICAN: EVBN): its shorter term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, and the stock rose on very heavy volume.
Evans Bancorp Inc (NYSEAMERICAN: EVBN) has benefited from important positive changes in fundamentals: significant quarterly earnings acceleration occurred, and the consensus estimate for December, 2025 increased significantly.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
EVBN is expected to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Evans Bancorp has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Evans Bancorp has a neutral Appreciation Score of 59 and a neutral Power Rating of 50, resulting in the Neutral Value Trend Rating.
Recent Price Action
On 6/25/24, Evans Bancorp Inc (NYSEAMERICAN: EVBN) stock enjoyed a large increase of 2.4%, closing at $28.52. Moreover, exceptionally high trading volume at 255% of normal accompanied the advance. The stock has risen 6.7% during the last week but has been weak relative to the market over the last nine months.
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