Evans Bancorp Stock Forecast

Stock Price Forecast

The 2 analysts with 12-month price forecasts for Evans Bancorp stock have an average target of 26.75, with a low estimate of 26.5 and a high estimate of 27. The average target predicts a decrease of -15.24% from the current stock price of 31.56.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$26.5	$26.75	$27	$27
Change	-16.03%	-15.24%	-14.45%	-14.45%

* Price targets were last updated on May 1, 2024.

Analyst Ratings

The average analyst rating for Evans Bancorp stock from 2 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Feb '24	Mar '24	Apr '24	May '24	Jun '24	Jul '24
Strong Buy	0	0	0	0	0	0
Buy	0	0	0	0	0	0
Hold	2	2	2	2	2	2
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	2	2	2	2	2	2

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Alexander Twerdahl Piper Sandler	Piper Sandler	Hold Maintains $30 → $27	Hold	Maintains	$30 → $27	-14.45%	May 1, 2024
Alexander Twerdahl Piper Sandler	Piper Sandler	Buy → Hold Downgrades $32	Buy → Hold	Downgrades	$32	+1.39%	Feb 2, 2024
Christopher O'Connell Keefe, Bruyette & Woods	Keefe, Bruyette & Woods	Hold Maintains $25 → $27	Hold	Maintains	$25 → $27	-16.03%	Nov 14, 2023
Alexander Twerdahl Piper Sandler	Piper Sandler	Buy Maintains $30 → $29	Buy	Maintains	$30 → $29	-8.11%	Oct 27, 2023
Christopher O'Connell Keefe, Bruyette & Woods	Keefe, Bruyette & Woods	Hold Maintains $40 → $36	Hold	Maintains	$40 → $36	+12.48%	Apr 6, 2023

More Analyst Ratings

Financial Forecast

Revenue This Year

66.97M

from 94.11M

-28.84%

from 94.11M

Revenue Next Year

73.87M

from 66.97M

10.30%

from 66.97M

EPS This Year

1.83

from 4.48

-59.10%

from 4.48

EPS Next Year

2.33

from 1.83

26.91%

from 1.83

Year	2019	2020	2021	2022	2023	2024	2025
Revenue	70.06M	72.67M	93.15M	89.49M	94.11M	66.97M	73.87M
Revenue Growth	13.13%	3.72%	28.18%	-3.93%	5.17%	-28.84%	10.30%
EPS	3.42	2.13	4.37	4.04	4.48	1.83	2.33
EPS Growth	3.01%	-37.72%	105.16%	-7.55%	10.89%	-59.10%	26.91%
Forward PE	-	-	-	-	-	17.22	13.57
No. Analysts	-	-	-	-	-	4	4

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025
High	69.0M	76.8M
Avg	67.0M	73.9M
Low	64.3M	70.3M

Revenue Growth

Revenue Growth	2024	2025
High	-26.7%	14.7%
Avg	-28.8%	10.3%
Low	-31.7%	4.9%

EPS Forecast

EPS	2024	2025
High	2.03	2.50
Avg	1.83	2.33
Low	1.63	2.14

EPS Growth

EPS Growth	2024	2025
High	-54.8%	36.4%
Avg	-59.1%	26.9%
Low	-63.6%	16.6%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.