Evans Bancorp Stock Fair Value – “Short Interest in Evans Bancorp, Increases by 34.8%”.
February 17, 2023
Trending News ☀️
Evans Bancorp Stock Fair Value – This means that more traders are betting that shares of Evans Bancorp ($NYSEAM:EVBN) will decrease and they will be able to profit from the decrease in stock prices. The increase in short interest could be partially attributed to the company’s recent financial performance. All these factors have likely caused some investors to become more bearish on the stock, leading to the surge in short positions.
Despite the bearish sentiment, some analysts remain optimistic about the company’s future prospects, citing its strategic focus on small business and commercial banking and opportunities for growth in its home markets. Despite the current surge in short interest, it is important to note that the short interest is still relatively low compared to its peers, suggesting that investors should do further research before making any investment decisions. In any case, the current increase in the amount of short interest in Evans Bancorp may continue to drive the stock price down in the near future.
Market Price
News sentiment surrounding Evans Bancorp, Inc. is mostly positive despite a slight decrease in the stock price on Thursday. Evans Bancorp opened at $39.1 and closed at $38.6, down by 1.5% from the last closing price of $39.2. Short interest in the company has increased by 34.8% in the latest report from Nasdaq, demonstrating that a significant number of investors are taking a bearish view of the company’s future prospects. Investors need to keep an eye on the company’s performance as the stock price could be volatile in the foreseeable future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Evans Bancorp. More…
| Total Revenues | Net Income | Net Margin |
| – | 22.39 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Evans Bancorp. More…
| Operations | Investing | Financing |
| 20.51 | -22.62 | 149.29 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Evans Bancorp. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.18k | 2.03k | – |
Key Ratios Snapshot
Some of the financial key ratios for Evans Bancorp are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.6% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis – Evans Bancorp Stock Fair Value
GoodWhale has conducted an analysis of EVANS BANCORP‘s fundamentals, and determined the intrinsic value of the stock to be approximately $36.8. This evaluation was based off our proprietary Valuation Line and evaluations of the company’s performance. Currently, EVANS BANCORP is trading at $38.6 on the market, which constitutes a 4.8% premium over the intrinsic value. This signifies a fair price, as the stock is being traded slightly above its true overall value. More…
Peers
The competition between Evans Bancorp Inc and its competitors is fierce. Each company is striving to be the best in the industry, and they are all working hard to improve their products and services. This competition is good for consumers, as it helps to keep prices down and quality up. It is also good for the economy, as it encourages innovation and creativity.
– Credit Agricole Alpes Provence ($LTS:0O3R)
Credit Agricole Alpes Provence has a market cap of 427.48M as of 2022. The company is a financial institution that provides banking and insurance services to individuals, businesses, and public entities in France. It operates through three segments: Retail Banking, Corporate and Investment Banking, and Insurance. The Retail Banking segment offers products and services to individuals, including savings and checking accounts, loans, credit cards, and investment products. The Corporate and Investment Banking segment provides financing, banking, and advisory services to corporate and institutional clients. The Insurance segment offers life, property and casualty, and health insurance products.
– Intercorp Financial Services Inc ($NYSE:IFS)
Intercorp Financial Services Inc is a Peruvian holding company engaged in the insurance, banking, and pension businesses. As of December 31, 2020, the Company had total assets of PEN 62.9 billion (US$17.5 billion), total loans of PEN 39.4 billion (US$10.9 billion), and total deposits of PEN 45.6 billion (US$12.6 billion).
– Renasant Corp ($NASDAQ:RNST)
Renasant Corp is a bank holding company that operates through its subsidiaries. The Company’s segments include Banking, Insurance, and Wealth Management. The Banking segment provides a range of banking and lending services to individuals and businesses through its network of over 150 banking offices located in Mississippi, Tennessee, Alabama, and Georgia. The Insurance segment offers property and casualty, life, and health insurance products through its insurance subsidiaries. The Wealth Management segment provides asset management, trust, and other fiduciary services through its subsidiary.
Summary
Evans Bancorp, Inc. is seeing increased investor interest, as short interest has risen 34.8% in the last month. At the time of writing, sentiment towards the company remains largely positive, with investors likely enticed by its potential for long-term growth. Analysts advise investors to consider Evans Bancorp as a good option for a portfolio with exposure to the banking sector. With a strong balance sheet and robust business operations, Evans Bancorp is a great stock to consider for a long-term investment strategy.
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