Walleye Trading LLC Invests $433,000 in Evans Bancorp Inc (NYSE:EVBN)

Walleye Trading LLC acquired a new position in shares of Evans Bancorp Inc (NYSE:EVBN) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 10,000 shares of the company’s stock, valued at approximately $433,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Wells Fargo & Company MN grew its holdings in shares of Evans Bancorp by 68,200.0% during the fourth quarter. Wells Fargo & Company MN now owns 683 shares of the company’s stock valued at $30,000 after purchasing an additional 682 shares during the last quarter. Legal & General Group Plc acquired a new position in Evans Bancorp during the 4th quarter valued at approximately $95,000. XTX Topco Ltd bought a new position in Evans Bancorp during the 4th quarter worth $249,000. Ritholtz Wealth Management increased 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 buying an additional 1,417 shares during the period. Finally, O Shaughnessy Asset Management LLC lifted its stake in Evans Bancorp by 44.6% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 13,402 shares of the company’s stock valued at $580,000 after buying an additional 4,133 shares during the last quarter. Institutional investors and hedge funds own 67.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Evans Bancorp in a report on Friday. They issued a “hold” rating on the stock.

Evans Bancorp Trading Up 0.5 %

Shares of NYSE:EVBN opened at $36.10 on Monday. The company has a 50 day moving average price of $39.48. The firm has a market capitalization of $200.97 million, a price-to-earnings ratio of 16.79 and a beta of 0.74. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.86. Evans Bancorp Inc has a 52 week low of $24.07 and a 52 week high of $46.21.

Evans Bancorp Announces Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 13th were given a $0.66 dividend. This represents a yield of 3.1%. The ex-dividend date of this dividend was Thursday, March 13th. Evans Bancorp’s dividend payout ratio is currently 61.40%.

Insider Buying and Selling at Evans Bancorp

In related news, CEO David J. Nasca sold 1,434 shares of Evans Bancorp stock in a transaction dated 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 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.34% of the stock is owned by company insiders.

Evans Bancorp Company Profile

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.