Evans Bancorp, Inc. (NYSEAMERICAN:EVBN - Get Free Report)'s stock price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $43.71 and traded as low as $40.60. Evans Bancorp shares last traded at $40.97, with a volume of 39,059 shares traded.
Analysts Set New Price Targets
Separately, StockNews.com started coverage on shares of Evans Bancorp in a research note on Wednesday, January 8th. They set a "hold" rating for the company.
Read Our Latest Research Report on EVBN
Evans Bancorp Stock Down 1.5 %
The company has a market cap of $222.38 million, a price-to-earnings ratio of 12.05 and a beta of 0.92. The company has a 50 day simple moving average of $43.71. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.86.
Institutional Investors Weigh In On Evans Bancorp
Institutional investors have recently modified their holdings of the business. Prime Capital Investment Advisors LLC bought a new position in Evans Bancorp during the 3rd quarter worth $251,000. JPMorgan Chase & Co. boosted 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 acquiring an additional 1,511 shares during the period. Stifel Financial Corp bought a new position in shares of Evans Bancorp during the third quarter worth about $556,000. Barclays PLC grew its position in shares of Evans Bancorp by 47.7% during the third quarter. Barclays PLC now owns 16,163 shares of the bank's stock worth $630,000 after acquiring an additional 5,218 shares during the last quarter. Finally, De Lisle Partners LLP increased its holdings in shares of Evans Bancorp by 30.3% in the 3rd quarter. De Lisle Partners LLP now owns 46,943 shares of the bank's stock worth $1,829,000 after acquiring an additional 10,908 shares during the period. Institutional investors own 67.10% of the company's stock.
Evans Bancorp Company Profile
(
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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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