Evans Bancorp
Market Cap
US$187.8m
Last Updated
2020/02/17 23:38 UTC
Data Sources
Company Financials +
Executive Summary
Evans Bancorp, Inc. operates as the financial holding company for Evans Bank, N.A.
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet, undervalued and pays a dividend.
Similar Companies
Share Price & News
How has Evans Bancorp's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: EVBN has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-0.9%
EVBN
0.3%
US Banks
0.9%
US Market
1 Year Return
8.3%
EVBN
12.0%
US Banks
20.0%
US Market
Return vs Industry: EVBN underperformed the US Banks industry which returned 12.1% over the past year.
Return vs Market: EVBN underperformed the US Market which returned 20.1% over the past year.
Shareholder returns
| EVBN | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.9% | 0.3% | 0.9% |
| 30 Day | -2.7% | -1.3% | 1.4% |
| 90 Day | -5.8% | 1.2% | 8.8% |
| 1 Year | 11.5%8.3% | 15.3%12.0% | 22.5%20.0% |
| 3 Year | 3.7%-3.3% | 25.1%16.2% | 49.9%40.3% |
| 5 Year | 80.1%58.3% | 76.7%56.6% | 73.2%54.1% |
Price Volatility Vs. Market
How volatile is Evans Bancorp's share price compared to the market and industry in the last 5 years?
Simply Wall St News
17 hours ago | Simply Wall St
One Thing To Remember About The Evans Bancorp, Inc. (NYSEMKT:EVBN) Share Price1 week ago | Simply Wall St
If You Had Bought Evans Bancorp (NYSEMKT:EVBN) Shares Five Years Ago You'd Have Made 57%1 month ago | Simply Wall St
What Makes Evans Bancorp, Inc. (NYSEMKT:EVBN) A Great Dividend Stock?Valuation
Is Evans Bancorp undervalued compared to its fair value and its price relative to the market?
37.2%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: EVBN ($38.43) is trading below our estimate of fair value ($61.18)
Significantly Below Fair Value: EVBN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: EVBN is good value based on its PE Ratio (10.7x) compared to the Banks industry average (12.6x).
PE vs Market: EVBN is good value based on its PE Ratio (10.7x) compared to the US market (18.4x).
Price to Earnings Growth Ratio
PEG Ratio: EVBN is good value based on its PEG Ratio (0.7x)
Price to Book Ratio
PB vs Industry: EVBN is overvalued based on its PB Ratio (1.3x) compared to the US Banks industry average (1.2x).
Next Steps
Future Growth
How is Evans Bancorp forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
14.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: EVBN's forecast earnings growth (14.3% per year) is above the savings rate (1.7%).
Earnings vs Market: EVBN's earnings (14.3% per year) are forecast to grow slower than the US market (14.6% per year).
High Growth Earnings: EVBN's earnings are forecast to grow, but not significantly.
Revenue vs Market: EVBN's revenue (13.8% per year) is forecast to grow faster than the US market (7.6% per year).
High Growth Revenue: EVBN's revenue (13.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: EVBN's Return on Equity is forecast to be low in 3 years time (12.1%).
Next Steps
Past Performance
How has Evans Bancorp performed over the past 5 years?
19.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: EVBN has high quality earnings.
Growing Profit Margin: EVBN's current net profit margins (26.5%) are lower than last year (27.3%).
Past Earnings Growth Analysis
Earnings Trend: EVBN's earnings have grown by 19.6% per year over the past 5 years.
Accelerating Growth: EVBN's earnings growth over the past year (9.3%) is below its 5-year average (19.6% per year).
Earnings vs Industry: EVBN earnings growth over the past year (9.3%) underperformed the Banks industry 12.2%.
Return on Equity
High ROE: EVBN's Return on Equity (12%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Evans Bancorp's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: EVBN has a low level of unsold assets or inventory.
Debt Coverage by Assets: EVBN's debt is covered by short term assets (assets are 1.4x debt).
Financial Institutions Analysis
Asset Level: EVBN's level of assets compared to its equity is low.
Allowance for Bad Loans: EVBN has a sufficient allowance for bad loans.
Low Risk Liabilities: EVBN's liabilities are made up of primarily low risk sources of funding.
Loan Level: EVBN has an acceptable proportion of non-loan assets held.
Low Risk Deposits: EVBN's loans are broadly funded by customer deposits.
Level of Bad Loans: EVBN has an appropriate level of bad loans (1.17%)
Next Steps
Dividend
What is Evans Bancorp's current dividend yield, its reliability and sustainability?
2.71%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: EVBN's dividend (2.71%) is higher than the bottom 25% of dividend payers in the US market (1.44%).
High Dividend: EVBN's dividend (2.71%) is low compared to the top 25% of dividend payers in the US market (3.69%).
Stability and Growth of Payments
Stable Dividend: EVBN's dividends per share have been stable in the past 10 years.
Growing Dividend: EVBN's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (28.9%), EVBN's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: EVBN's dividends in 3 years are forecast to be well covered by earnings (26.1% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
7.5yrs
Average board tenure
CEO
David Nasca (61yo)
12.8yrs
Tenure
US$1,098,652
Compensation
Mr. David John Nasca has been the Chief Executive Officer of Evans BanCorp, Inc. and Evans Bank NA (Evans Bank, National Association) since April 1, 2007 and its Chief Financial Officer since November 5, 2 ...
CEO Compensation Analysis
Compensation vs Market: David's total compensation ($USD1.10M) is about average for companies of similar size in the US market ($USD1.11M).
Compensation vs Earnings: David's compensation has increased by more than 20% in the past year.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 12.8yrs | US$1.10m | 1.48% $2.8m | |
| Independent Director | 6.4yrs | US$32.19k | 0.074% $139.8k | |
| Director | 19.1yrs | US$1.53m | 1.47% $2.8m | |
| Independent Director | 22.1yrs | US$33.19k | 0.30% $556.2k | |
| Independent Director | 19.1yrs | US$44.12k | 0.45% $845.2k | |
| Chairman of the Board | 1.8yrs | US$66.18k | 0.29% $543.7k | |
| Independent Director | 8.6yrs | US$44.00k | 0.11% $215.4k | |
| Independent Director | 3.6yrs | US$33.80k | 0.042% $79.2k | |
| Vice Chairman of the Board | 1.8yrs | US$44.88k | 0.067% $126.1k | |
| Independent Director | 5.8yrs | US$32.93k | 0.064% $121.1k |
7.5yrs
Average Tenure
61yo
Average Age
Experienced Board: EVBN's board of directors are considered experienced (7.5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.2%.
Top Shareholders
Company Information
Evans Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Evans Bancorp, Inc.
- Ticker: EVBN
- Exchange: AMEX
- Founded: 1920
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$187.766m
- Shares outstanding: 4.89m
- Website: https://evansbank.com
Number of Employees
Location
- Evans Bancorp, Inc.
- One Grimsby Drive
- Hamburg
- New York
- 14075
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| EVBN | AMEX (NYSE MKT LLC) | Yes | Common Shares | US | USD | Oct 1997 |
Biography
Evans Bancorp, Inc. 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. It operates in two segments, Banking Activities and Insurance Agency Activities. The company offers deposit products, which include checking and negotiable order of withdrawal accounts, savings accounts, and certificates of deposit. It also provides residential mortgages; commercial and multi-family mortgages; commercial construction loans; home equities, such as home equity lines of credit and second mortgage loans; commercial and industrial loans comprising term loans and lines of credit; consumer loans, including direct automobile, recreational vehicle, boat, home improvement, and personal loans; other loans consisting of cash reserves, overdrafts, and loan clearing accounts; and installment loans. In addition, the company sells various premium-based insurance policies consisting of business and personal insurance, employee benefits, surety bonds, risk management, life, disability, and long-term care coverage, as well as provides claims adjusting services to various insurance companies; and non-deposit investment products, such as annuities and mutual funds. It operates through 15 full-service banking offices in Erie County, Niagara County, and Chautauqua County, New York. Evans Bancorp, Inc. was founded in 1920 and is headquartered in Hamburg, New York.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/17 23:38 |
| End of Day Share Price | 2020/02/14 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.