Evans Bancorp Inc (NYSEAMERICAN: EVBN) has benefited from exceptional positive changes in investment behavior: the stock rose on very heavy volume, and positive upside/downside volume developed.
Evans Bancorp Inc (NYSEAMERICAN: EVBN) has recently enjoyed meaningful positive changes in fundamentals: significant quarterly earnings acceleration occurred, and the consensus estimate for December, 2024 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). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Evans Bancorp has a neutral Appreciation Score of 48 and a neutral Power Rating of 55, leading to the Neutral Value Trend Rating.
Recent Price Action
Evans Bancorp Inc (NYSEAMERICAN: EVBN) stock closed at $39.23 on 9/10/24 after a very large increase of 7.5%. Moreover, trading volume in this advance was exceptionally high at 1424% of normal. The stock has risen 10.5% during the last week and has been strong relative to the market over the last nine months.
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