Credit Industriel ET Commercial Purchases New Stake in Evans Bancorp Inc (NYSE:EVBN)

Credit Industriel ET Commercial acquired a new position in Evans Bancorp Inc (NYSE:EVBN - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 121,420 shares of the company's stock, valued at approximately $5,257,000. Evans Bancorp accounts for approximately 0.7% of Credit Industriel ET Commercial's portfolio, making the stock its 16th biggest position. Credit Industriel ET Commercial owned 2.19% of Evans Bancorp as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Barclays PLC raised its position in Evans Bancorp by 1.7% in the fourth quarter. Barclays PLC now owns 16,438 shares of the company's stock worth $712,000 after purchasing an additional 275 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Evans Bancorp by 68,200.0% during the 4th quarter. Wells Fargo & Company MN now owns 683 shares of the company's stock worth $30,000 after buying an additional 682 shares during the period. Ritholtz Wealth Management lifted its position 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 buying an additional 1,417 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in Evans Bancorp by 8.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 24,362 shares of the company's stock valued at $1,055,000 after buying an additional 1,817 shares in the last quarter. Finally, Legal & General Group Plc bought a new stake in Evans Bancorp in the fourth quarter valued at $95,000. Institutional investors and hedge funds own 67.10% of the company's stock.

Evans Bancorp Stock Performance

Shares of NYSE EVBN traded up $0.15 during mid-day trading on Friday, hitting $38.70. 13,223 shares of the stock were exchanged, compared to its average volume of 23,366. Evans Bancorp Inc has a twelve month low of $24.07 and a twelve month high of $46.21. The firm's fifty day moving average price is $38.87. 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 firm has a market cap of $215.44 million, a P/E ratio of 18.00 and a beta of 0.74.

Evans Bancorp Announces Dividend

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

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Evans Bancorp in a report on Saturday. They issued a "hold" rating on the stock.

Insider Buying and Selling at Evans Bancorp

In other Evans Bancorp news, CEO David J. Nasca sold 1,434 shares of the business's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $38.81, for a total value of $55,653.54. Following the completion of the transaction, the chief executive officer now directly owns 104,431 shares of the company's stock, valued at approximately $4,052,967.11. The trade was a 1.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 6.11% of the company's stock.

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.