Evans Bancorp Inc (NYSE:EVBN) to Issue Semi-annual Dividend of $0.66

Evans Bancorp Inc (NYSE:EVBN) declared a semi-annual dividend on Friday, February 21st, Wall Street Journal reports. Shareholders of record on Thursday, March 13th will be given a dividend of 0.66 per share on Thursday, April 10th. This represents a yield of 3.1%. The ex-dividend date is Thursday, March 13th.

Evans Bancorp has increased its dividend payment by an average of 3.2% annually over the last three years.

Evans Bancorp Trading Down 1.0 %

NYSE EVBN traded down $0.42 during trading hours on Friday, reaching $42.74. The company had a trading volume of 6,423 shares, compared to its average volume of 21,868. The stock has a market capitalization of $236.78 million, a P/E ratio of 19.88 and a beta of 0.92. Evans Bancorp has a 1-year low of $24.07 and a 1-year high of $46.21. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.99 and a quick ratio of 0.99.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Evans Bancorp in a research report on Friday. They set a “hold” rating on the stock.

Evans Bancorp Company Profile

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.