On 11/6/24, Evans Bancorp Inc (NYSEAMERICAN: EVBN) stock enjoyed a major increase of 11.2%, closing at $43.88. Moreover, trading volume in this advance was exceptionally high at 729% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 9.8% during the last week.
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 B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Evans Bancorp has a neutral Appreciation Score of 46 but a very high Power Rating of 97, triggering the Positive Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
Be the first to comment