Dimensional Fund Advisors LP Purchases 18,233 Shares of Evans Bancorp Inc (NYSE:EVBN)

Dimensional Fund Advisors LP boosted its holdings in shares of Evans Bancorp Inc (NYSE:EVBN) by 11.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 173,234 shares of the company’s stock after acquiring an additional 18,233 shares during the period. Dimensional Fund Advisors LP’s holdings in Evans Bancorp were worth $7,501,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. PL Capital Advisors LLC grew its stake in shares of Evans Bancorp by 4,230.0% during the fourth quarter. PL Capital Advisors LLC now owns 26,489,165 shares of the company’s stock worth $1,146,981,000 after purchasing an additional 25,877,406 shares during the period. Chicago Capital Management LLC bought a new position in Evans Bancorp during the fourth quarter worth about $8,475,000. ABC Arbitrage SA acquired a new position in shares of Evans Bancorp during the 4th quarter worth about $2,417,000. American Century Companies Inc. increased its stake in shares of Evans Bancorp by 89.7% in the 4th quarter. American Century Companies Inc. now owns 69,408 shares of the company’s stock valued at $3,005,000 after acquiring an additional 32,822 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in Evans Bancorp during the 4th quarter worth approximately $657,000. Institutional investors own 67.10% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Evans Bancorp in a research note on Monday. They issued a “hold” rating for the company.

Evans Bancorp Stock Up 2.4%

EVBN opened at $39.53 on Monday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.99 and a current ratio of 0.99. Evans Bancorp Inc has a 12 month low of $24.80 and a 12 month high of $46.21. The company has a fifty day moving average price of $38.15. The company has a market cap of $220.06 million, a PE ratio of 18.39 and a beta of 0.71.

Evans Bancorp Dividend Announcement

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

Insider Activity

In related news, CEO David J. Nasca sold 1,434 shares of the firm’s stock in a transaction 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 in the company, valued at $4,052,967.11. This trade represents a 1.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 6.34% of the stock is currently owned by company insiders.

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.