Shares of Evans Bancorp, Inc. (NYSEAMERICAN:EVBN - Get Free Report) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $42.71 and traded as low as $39.21. Evans Bancorp shares last traded at $39.56, with a volume of 23,182 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, StockNews.com started coverage on Evans Bancorp in a research report on Wednesday, January 8th. They set a "hold" rating on the stock.
Check Out Our Latest Research Report on EVBN
Evans Bancorp Price Performance
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 firm's 50 day moving average price is $42.60. The stock has a market capitalization of $214.90 million, a PE ratio of 11.65 and a beta of 0.92.
Institutional Trading of Evans Bancorp
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its position in shares of Evans Bancorp by 18.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,503 shares of the bank's stock worth $370,000 after acquiring an additional 1,511 shares in the last quarter. Oddo BHF Asset Management Sas purchased a new position in Evans Bancorp during the third quarter valued at $5,599,000. Barclays PLC boosted its holdings in shares of Evans Bancorp by 47.7% during the 3rd quarter. Barclays PLC now owns 16,163 shares of the bank's stock valued at $630,000 after buying an additional 5,218 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Evans Bancorp by 6.9% in the 3rd quarter. Geode Capital Management LLC now owns 55,786 shares of the bank's stock worth $2,175,000 after buying an additional 3,583 shares during the period. Finally, Stifel Financial Corp bought a new position in shares of Evans Bancorp in the 3rd quarter worth about $556,000. Hedge funds and other institutional investors own 67.10% of the company's stock.
About Evans Bancorp
(
Get Free Report)
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.
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