American Century Companies Inc. Purchases 32,822 Shares of Evans Bancorp Inc (NYSE:EVBN)

American Century Companies Inc. lifted its stake in Evans Bancorp Inc (NYSE:EVBN - Free Report) by 89.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 69,408 shares of the company's stock after purchasing an additional 32,822 shares during the quarter. American Century Companies Inc. owned about 1.25% of Evans Bancorp worth $3,005,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Commonwealth Equity Services LLC raised its position in Evans Bancorp by 15.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 29,542 shares of the company's stock worth $1,279,000 after purchasing an additional 3,921 shares during the period. Bank of New York Mellon Corp bought a new position in shares of Evans Bancorp during the fourth quarter valued at approximately $657,000. PL Capital Advisors LLC raised its holdings in shares of Evans Bancorp by 4,230.0% in the fourth quarter. PL Capital Advisors LLC now owns 26,489,165 shares of the company's stock worth $1,146,981,000 after buying an additional 25,877,406 shares during the period. Ritholtz Wealth Management lifted its stake 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 acquiring an additional 1,417 shares during the last quarter. Finally, ABC Arbitrage SA bought a new stake in shares of Evans Bancorp during the 4th quarter worth approximately $2,417,000. Institutional investors own 67.10% of the company's stock.

Evans Bancorp Stock Down 0.4 %

EVBN traded down $0.14 on Friday, reaching $34.91. 10,440 shares of the company traded hands, compared to its average volume of 24,456. The firm has a market capitalization of $194.34 million, a P/E ratio of 16.24 and a beta of 0.74. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.86. Evans Bancorp Inc has a one year low of $24.07 and a one year high of $46.21. The firm has a fifty day moving average price of $40.31.

Evans Bancorp Dividend Announcement

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

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Evans Bancorp in a research note on Thursday. They issued a "hold" rating on the stock.

Insider Activity at Evans Bancorp

In other news, CEO David J. Nasca sold 1,434 shares of the firm's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $38.81, for a total transaction of $55,653.54. Following the transaction, the chief executive officer now owns 104,431 shares in the company, valued at approximately $4,052,967.11. This trade represents a 1.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 6.34% of the stock is owned by company insiders.

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.