StockNews.com started coverage on shares of Evans Bancorp (NYSE:EVBN - Free Report) in a research note released on Sunday morning. The firm issued a hold rating on the stock.
Evans Bancorp Stock Up 0.4 %
NYSE EVBN traded up $0.14 during trading on Friday, hitting $39.17. The company's stock had a trading volume of 72,555 shares, compared to its average volume of 25,567. Evans Bancorp has a 52 week low of $24.07 and a 52 week high of $46.21. The firm has a market cap of $217.04 million, a price-to-earnings ratio of 18.22 and a beta of 0.97. The business's 50 day moving average is $42.87. 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 Announces Dividend
The business also recently announced a semi-annual dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 13th will be paid a dividend of $0.66 per share. This represents a yield of 3.1%. The ex-dividend date is Thursday, March 13th. Evans Bancorp's payout ratio is currently 61.40%.
Institutional Trading of Evans Bancorp
Several hedge funds and other institutional investors have recently bought and sold shares of EVBN. PL Capital Advisors LLC lifted its stake 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 valued at $1,146,981,000 after buying an additional 25,877,406 shares during the period. Chicago Capital Management LLC bought a new stake in shares of Evans Bancorp in the 4th quarter worth approximately $8,475,000. Dimensional Fund Advisors LP grew its holdings in shares of Evans Bancorp by 11.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 173,234 shares of the company's stock worth $7,501,000 after purchasing an additional 18,233 shares in the last quarter. Credit Industriel ET Commercial bought a new stake in shares of Evans Bancorp during the fourth quarter valued at approximately $5,257,000. Finally, Susquehanna International Group LLP raised its stake in shares of Evans Bancorp by 267.3% in the fourth quarter. Susquehanna International Group LLP now owns 113,973 shares of the company's stock valued at $4,935,000 after purchasing an additional 82,947 shares in the last quarter. 67.10% of the stock is currently owned by institutional investors and hedge funds.
About Evans Bancorp
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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.
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