American Century Companies Inc. Has $3.01 Million Stock Position in Evans Bancorp Inc (NYSE:EVBN)

American Century Companies Inc. raised its position in Evans Bancorp Inc (NYSE:EVBN) by 89.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 69,408 shares of the company’s stock after buying an additional 32,822 shares during the quarter. American Century Companies Inc.’s holdings in Evans Bancorp were worth $3,005,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of EVBN. Ritholtz Wealth Management increased its stake in shares of Evans Bancorp by 25.3% during the 4th 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 last quarter. Bank of New York Mellon Corp bought a new stake in Evans Bancorp in the fourth quarter worth $657,000. Commonwealth Equity Services LLC increased its position in Evans Bancorp by 15.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 29,542 shares of the company’s stock worth $1,279,000 after buying an additional 3,921 shares during the last quarter. ABC Arbitrage SA bought a new position in Evans Bancorp during the fourth quarter valued at about $2,417,000. Finally, PL Capital Advisors LLC lifted its position in shares of Evans Bancorp by 4,230.0% in the fourth quarter. PL Capital Advisors LLC now owns 26,489,165 shares of the company’s stock worth $1,146,981,000 after buying an additional 25,877,406 shares during the last quarter. 67.10% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Evans Bancorp

In other news, CEO David J. Nasca sold 1,434 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $38.81, for a total transaction of $55,653.54. Following the completion of the transaction, the chief executive officer now directly owns 104,431 shares in the company, valued at $4,052,967.11. The trade was a 1.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 6.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Evans Bancorp in a report on Wednesday, April 2nd. They set a “hold” rating on the stock.

Evans Bancorp Stock Up 0.1 %

NYSE:EVBN opened at $35.12 on Tuesday. 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 company has a 50 day moving average price of $41.17. The company has a market capitalization of $195.51 million, a price-to-earnings ratio of 16.33 and a beta of 0.74. Evans Bancorp Inc has a 12 month low of $24.07 and a 12 month high of $46.21.

Evans Bancorp Announces Dividend

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

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.