Evans Bancorp (NYSE:EVBN) Coverage Initiated at StockNews.com

Investment analysts at StockNews.com started coverage on shares of Evans Bancorp (NYSE:EVBN) in a report issued on Friday. The brokerage set a “hold” rating on the stock.

Evans Bancorp Stock Up 0.5 %

Shares of Evans Bancorp stock opened at $36.10 on Friday. The firm has a market capitalization of $200.97 million, a price-to-earnings ratio of 16.79 and a beta of 0.74. Evans Bancorp has a 52-week low of $24.07 and a 52-week high of $46.21. The business’s 50-day moving average price is $39.80. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.86.

Insider Transactions at Evans Bancorp

In other Evans Bancorp news, CEO David J. Nasca sold 1,434 shares of the stock in a transaction 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 sale, the chief executive officer now owns 104,431 shares in the company, valued at approximately $4,052,967.11. This represents a 1.35 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 6.34% of the company’s stock.

Institutional Trading of Evans Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the company. PL Capital Advisors LLC boosted its stake 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 worth $1,146,981,000 after buying an additional 25,877,406 shares during the last quarter. Chicago Capital Management LLC purchased a new stake in Evans Bancorp in the fourth quarter valued at approximately $8,475,000. Dimensional Fund Advisors LP raised its stake in Evans Bancorp by 11.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 173,234 shares of the company’s stock worth $7,501,000 after purchasing an additional 18,233 shares during the period. Credit Industriel ET Commercial acquired a new position in shares of Evans Bancorp in the 4th quarter valued at $5,257,000. Finally, Susquehanna International Group LLP grew its stake in shares of Evans Bancorp by 267.3% during the 4th quarter. Susquehanna International Group LLP now owns 113,973 shares of the company’s stock valued at $4,935,000 after buying an additional 82,947 shares during the period. 67.10% of the stock is owned by hedge funds and other institutional investors.

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.