Evans Bancorp, Inc. (NYSEAMERICAN:EVBN) Short Interest Update

Evans Bancorp, Inc. (NYSEAMERICAN:EVBN - Get Free Report) was the recipient of a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 87,200 shares, an increase of 8.5% from the November 30th total of 80,400 shares. Based on an average daily trading volume, of 32,300 shares, the days-to-cover ratio is presently 2.7 days. Currently, 1.7% of the shares of the stock are short sold.

Analyst Ratings Changes

A number of analysts have recently weighed in on EVBN shares. Keefe, Bruyette & Woods upped their price target on shares of Evans Bancorp from $42.32 to $45.50 and gave the stock a "market perform" rating in a report on Friday, November 1st. StockNews.com began coverage on Evans Bancorp in a research note on Wednesday, December 25th. They set a "hold" rating for the company.

Hedge Funds Weigh In On Evans Bancorp

Institutional investors and hedge funds have recently bought and sold shares of the company. Oddo BHF Asset Management Sas acquired a new position in Evans Bancorp in the 3rd quarter valued at approximately $5,599,000. Endeavour Capital Advisors Inc. grew its stake in shares of Evans Bancorp by 56.6% in the second quarter. Endeavour Capital Advisors Inc. now owns 298,624 shares of the bank's stock worth $8,394,000 after purchasing an additional 107,954 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Evans Bancorp in the second quarter valued at $500,000. Stifel Financial Corp bought a new position in Evans Bancorp during the 3rd quarter worth $556,000. Finally, American Century Companies Inc. acquired a new position in Evans Bancorp during the 2nd quarter worth about $337,000. Institutional investors and hedge funds own 67.10% of the company's stock.

Evans Bancorp Stock Performance

Evans Bancorp stock traded down $0.14 during midday trading on Wednesday, reaching $43.30. The company's stock had a trading volume of 9,954 shares, compared to its average volume of 28,708. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.86. The stock has a market cap of $239.88 million, a PE ratio of 13.00 and a beta of 0.92. Evans Bancorp has a 52 week low of $24.07 and a 52 week high of $46.21.

Evans Bancorp (NYSEAMERICAN:EVBN - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The bank reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.13. The company had revenue of $31.69 million for the quarter. Evans Bancorp had a net margin of 13.80% and a return on equity of 10.27%.

Evans Bancorp Company Profile

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.