Evans Bancorp Inc
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Financials : Banks | Small Cap Value
Company profile

Evans Bancorp, Inc. is a financial holding company. The Company conducts its business through its subsidiaries, such as Evans Bank, N.A. (the Bank), which provides a range of banking services to consumer and commercial customers in Western New York and the Finger Lakes Region, and Evans National Financial Services, LLC (ENFS), which hold interests in The Evans Agency, LLC (TEA), which sells various premium-based insurance policies on a commission basis. Its segments include banking activities and insurance agency activities. The banking activities segment includes both commercial and consumer banking services, including a range of lending and depository services as well as offering non-deposit investment products, such as annuities and mutual funds. The insurance agency activities segment includes the activities of selling various premium-based insurance policies on a commission basis, including business and personal insurance, employee benefits, surety bonds, and risk management.

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0.07 (0.19%)
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Halliburton stock rallies toward a near 3-year high after J.P. Morgan upgrades to overweight

7:20 am ET January 13, 2022 (MarketWatch)

Shares of Halliburton Co. (HAL) rallied 1.7% toward a near three-year high in premarket trading Thursday, after J.P. Morgan analyst Arun Jayaram turned bullish on the oil services company, given its position as a leader in scale, flexibility and technology and its "best-in-class" returns generated in the last cycle. Jayaram raised his rating to overweight, after being at neutral since March 2020, while lifting the stock price target to $32 from $30. "[Halliburton] is the largest most liquid [North America]-levered [oil field services] stocks to completion activity," Jayaram wrote in a note to clients. "With an improving supply-demand balance in the NAM pressure pumping market, we think Halliburton is primed to benefit from its leading position and realize net pricing gains." The stock, which is on track to open at the highest levels seen during regular-session hours since May 2019, has rallied 12.1% over the past three months through Wednesday, while the SPDR Energy Select Sector ETF (XLE) has climbed 12.4% and the S&P 500 has gained 8.3%.

-Tomi Kilgore


(END) Dow Jones Newswires

January 13, 2022 07:20 ET (12:20 GMT)

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