Cubist Systematic Strategies LLC Sells 456 Shares of Evans Bancorp Inc (NYSE:EVBN)

Cubist Systematic Strategies LLC lessened its stake in Evans Bancorp Inc (NYSE:EVBN) by 10.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,729 shares of the company’s stock after selling 456 shares during the period. Cubist Systematic Strategies LLC’s holdings in Evans Bancorp were worth $161,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Wells Fargo & Company MN lifted its stake in shares of Evans Bancorp by 68,200.0% in the fourth quarter. Wells Fargo & Company MN now owns 683 shares of the company’s stock valued at $30,000 after buying an additional 682 shares during the period. Legal & General Group Plc bought a new stake in shares of Evans Bancorp in the fourth quarter valued at about $95,000. XTX Topco Ltd acquired a new position in Evans Bancorp in the fourth quarter worth about $249,000. Ritholtz Wealth Management raised its position in Evans Bancorp by 25.3% in the fourth quarter. Ritholtz Wealth Management now owns 7,022 shares of the company’s stock worth $304,000 after purchasing an additional 1,417 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new position in Evans Bancorp in the fourth quarter worth about $349,000. Institutional investors own 67.10% of the company’s stock.

Insider Transactions at Evans Bancorp

In other news, CEO David J. Nasca sold 1,434 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $38.81, for a total transaction of $55,653.54. Following the sale, the chief executive officer now directly owns 104,431 shares of the company’s stock, valued at $4,052,967.11. This represents a 1.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 6.34% of the company’s stock.

Evans Bancorp Trading Up 2.4%

NYSE EVBN opened at $39.53 on Monday. The firm has a market capitalization of $220.06 million, a price-to-earnings ratio of 18.39 and a beta of 0.71. The business’s 50 day moving average price is $38.10. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.86. Evans Bancorp Inc has a 1-year low of $24.80 and a 1-year high of $46.21.

Evans Bancorp Dividend Announcement

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 13th were issued a dividend of $0.66 per share. This represents a dividend yield of 3.1%. The ex-dividend date was Thursday, March 13th. Evans Bancorp’s payout ratio is 61.40%.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Evans Bancorp in a research report on Monday, May 12th. They issued a “hold” rating for the company.

About Evans Bancorp

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.