15,180 Shares in Evans Bancorp Inc (NYSE:EVBN) Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp bought a new stake in Evans Bancorp Inc (NYSE:EVBN - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 15,180 shares of the company's stock, valued at approximately $657,000. Bank of New York Mellon Corp owned 0.27% of Evans Bancorp as of its most recent SEC filing.

Separately, Ritholtz Wealth Management grew its position in shares of Evans Bancorp by 25.3% during the fourth quarter. Ritholtz Wealth Management now owns 7,022 shares of the company's stock worth $304,000 after acquiring an additional 1,417 shares during the last quarter. Institutional investors and hedge funds own 67.10% of the company's stock.

Insider Transactions 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 transaction of $55,653.54. Following the sale, the chief executive officer now directly owns 104,431 shares in the company, valued at approximately $4,052,967.11. The trade was a 1.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 6.34% of the company's stock.

Evans Bancorp Price Performance

Shares of NYSE EVBN traded down $0.81 during midday trading on Friday, hitting $38.75. 11,168 shares of the company's stock were exchanged, compared to its average volume of 24,276. Evans Bancorp Inc has a twelve month low of $24.07 and a twelve month high of $46.21. The stock has a market cap of $215.72 million, a price-to-earnings ratio of 18.02 and a beta of 0.97. The business's 50 day moving average is $41.96. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.99 and a current ratio of 0.99.

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Evans Bancorp Dividend Announcement

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 13th will be given a dividend of $0.66 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a yield of 3.1%. Evans Bancorp's dividend payout ratio (DPR) is presently 61.40%.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Evans Bancorp in a research report on Tuesday, March 25th. They issued a "hold" rating on the stock.

Evans Bancorp 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.