Evans Bancorp, Inc. (NYSEAMERICAN:EVBN) Short Interest Down 42.7% in March

Evans Bancorp, Inc. (NYSEAMERICAN:EVBN - Get Free Report) was the target of a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 11,000 shares, a decline of 42.7% from the March 15th total of 19,200 shares. Based on an average daily volume of 24,900 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the company's shares are sold short.

Institutional Investors Weigh In On Evans Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in shares of Evans Bancorp by 18.9% during the third quarter. JPMorgan Chase & Co. now owns 9,503 shares of the bank's stock valued at $370,000 after purchasing an additional 1,511 shares during the last quarter. Stifel Financial Corp acquired a new stake in Evans Bancorp in the third quarter worth $556,000. Barclays PLC increased its position in Evans Bancorp by 47.7% in the third quarter. Barclays PLC now owns 16,163 shares of the bank's stock worth $630,000 after buying an additional 5,218 shares during the period. Geode Capital Management LLC lifted its stake in Evans Bancorp by 6.9% in the third quarter. Geode Capital Management LLC now owns 55,786 shares of the bank's stock valued at $2,175,000 after buying an additional 3,583 shares during the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new position in shares of Evans Bancorp during the third quarter valued at $5,599,000. 67.10% of the stock is owned by institutional investors and hedge funds.

Evans Bancorp Stock Down 0.4 %

Shares of NYSEAMERICAN:EVBN traded down $0.16 during midday trading on Monday, reaching $35.94. The company had a trading volume of 10,217 shares, compared to its average volume of 30,803. Evans Bancorp has a one year low of $24.07 and a one year high of $46.21. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market capitalization of $199.11 million, a P/E ratio of 10.79 and a beta of 0.92. The stock's fifty day moving average price is $39.53 and its 200-day moving average price is $39.73.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Evans Bancorp in a report on Wednesday, January 8th. They issued a "hold" rating on the stock.

About Evans Bancorp

Evans Bancorp, Inc primarily operates as financial holding company for Evans Bank, N.A. that provides a range of banking products and services to consumer and commercial customers in the United States. The company offers deposit products, which include checking and negotiable order of withdrawal accounts, savings accounts, and certificates of deposit.