Research analysts at StockNews.com started coverage on shares of Evans Bancorp (NYSE:EVBN - Get Free Report) in a research report issued on Friday. The brokerage set a "hold" rating on the stock.
Evans Bancorp Stock Performance
Shares of NYSE:EVBN traded down $0.62 during mid-day trading on Friday, hitting $42.54. The company had a trading volume of 9,855 shares, compared to its average volume of 22,404. The firm has a market capitalization of $235.67 million, a P/E ratio of 19.79 and a beta of 0.92. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.86. Evans Bancorp has a one year low of $24.07 and a one year high of $46.21.
Institutional Trading of Evans Bancorp
A number of hedge funds and other institutional investors have recently bought and sold shares of EVBN. Wells Fargo & Company MN increased its stake in Evans Bancorp by 68,200.0% during the 4th quarter. Wells Fargo & Company MN now owns 683 shares of the company's stock valued at $30,000 after purchasing an additional 682 shares in the last quarter. Legal & General Group Plc purchased a new position in Evans Bancorp during the 4th quarter worth $95,000. XTX Topco Ltd purchased a new position in Evans Bancorp during the 4th quarter worth $249,000. Ritholtz Wealth Management boosted its holdings in 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, Schonfeld Strategic Advisors LLC purchased a new position in Evans Bancorp during the 4th quarter worth $349,000. Institutional investors own 67.10% of the company's stock.
About Evans Bancorp
(
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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