55,814 Shares in Evans Bancorp Inc (NYSE:EVBN) Bought by ABC Arbitrage SA

ABC Arbitrage SA purchased a new position in Evans Bancorp Inc (NYSE:EVBN - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 55,814 shares of the company's stock, valued at approximately $2,417,000. ABC Arbitrage SA owned approximately 1.01% of Evans Bancorp as of its most recent filing with the Securities & Exchange Commission.

Separately, Ritholtz Wealth Management boosted its stake in Evans Bancorp by 25.3% during the 4th quarter. Ritholtz Wealth Management now owns 7,022 shares of the company's stock valued at $304,000 after acquiring an additional 1,417 shares during the last quarter. 67.10% of the stock is currently owned by hedge funds and other institutional investors.

Evans Bancorp Price Performance

Shares of EVBN traded down $0.13 during trading hours on Wednesday, reaching $43.81. 26,620 shares of the company's stock traded hands, compared to its average volume of 22,613. 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 capitalization of $242.71 million, a price-to-earnings ratio of 20.38 and a beta of 0.92. Evans Bancorp Inc has a twelve month low of $24.07 and a twelve month high of $46.21.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Evans Bancorp in a research report on Thursday, February 13th. They issued a "hold" rating on the stock.

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.