Evans Bancorp (NYSE:EVBN) Now Covered by Analysts at StockNews.com

Stock analysts at StockNews.com initiated coverage on shares of Evans Bancorp (NYSE:EVBN) in a research note issued on Saturday. The firm set a “hold” rating on the stock.

Evans Bancorp Price Performance

Shares of EVBN opened at $43.41 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market capitalization of $240.53 million, a PE ratio of 20.19 and a beta of 0.92. Evans Bancorp has a fifty-two week low of $24.07 and a fifty-two week high of $46.21.

Institutional Investors Weigh In On Evans Bancorp

A number of institutional investors have recently made changes to their positions in the company. Ritholtz Wealth Management increased its stake in shares of Evans Bancorp by 25.3% during 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 during the period. PL Capital Advisors LLC grew its holdings in Evans Bancorp by 4,230.0% in the 4th quarter. PL Capital Advisors LLC now owns 26,489,165 shares of the company’s stock valued at $1,146,981,000 after buying an additional 25,877,406 shares in the last quarter. ABC Arbitrage SA bought a new position in Evans Bancorp during the 4th quarter worth $2,417,000. Legal & General Group Plc acquired a new stake in shares of Evans Bancorp during the fourth quarter worth $95,000. Finally, XTX Topco Ltd bought a new stake in shares of Evans Bancorp in the fourth quarter valued at about $249,000. Institutional investors own 67.10% of the company’s stock.

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.