Research analysts at StockNews.com initiated coverage on shares of Evans Bancorp (NYSE:EVBN - Get Free Report) in a research report issued on Thursday. The firm set a "hold" rating on the stock.
Evans Bancorp Price Performance
EVBN traded up $0.03 during mid-day trading on Thursday, reaching $43.84. 9,634 shares of the stock were exchanged, compared to its average volume of 21,144. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market capitalization of $242.87 million, a price-to-earnings ratio of 20.39 and a beta of 0.92. Evans Bancorp has a 1 year low of $24.07 and a 1 year high of $46.21.
Institutional Investors Weigh In On Evans Bancorp
A number of hedge funds have recently made changes to their positions in the business. Barclays PLC raised its stake in shares of Evans Bancorp by 1.7% during the 4th quarter. Barclays PLC now owns 16,438 shares of the company's stock worth $712,000 after purchasing an additional 275 shares during the period. Wells Fargo & Company MN raised its stake in shares of Evans Bancorp by 68,200.0% during the 4th quarter. Wells Fargo & Company MN now owns 683 shares of the company's stock worth $30,000 after purchasing an additional 682 shares during the period. Northern Trust Corp raised its stake in shares of Evans Bancorp by 7.8% during the 4th quarter. Northern Trust Corp now owns 11,495 shares of the company's stock worth $498,000 after purchasing an additional 832 shares during the period. Ritholtz Wealth Management raised 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 purchasing an additional 1,417 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Evans Bancorp by 8.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 24,362 shares of the company's stock worth $1,055,000 after purchasing an additional 1,817 shares during the period. 67.10% of the stock is currently owned by institutional investors.
Evans Bancorp Company Profile
(
Get Free Report)
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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