Jane Street Group LLC Sells 25,772 Shares of Evans Bancorp, Inc. (NYSEAMERICAN:EVBN)

Jane Street Group LLC decreased its position in Evans Bancorp, Inc. (NYSEAMERICAN:EVBN - Free Report) by 54.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,373 shares of the bank's stock after selling 25,772 shares during the quarter. Jane Street Group LLC owned 0.39% of Evans Bancorp worth $833,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Ritholtz Wealth Management bought a new stake in Evans Bancorp in the third quarter valued at $218,000. Prime Capital Investment Advisors LLC bought a new stake in Evans Bancorp in the 3rd quarter valued at about $251,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Evans Bancorp during the 2nd quarter valued at about $204,000. Squarepoint Ops LLC bought a new position in Evans Bancorp in the 2nd quarter worth about $237,000. Finally, American Century Companies Inc. acquired a new stake in shares of Evans Bancorp in the second quarter valued at approximately $337,000. 67.10% of the stock is currently owned by institutional investors.

Evans Bancorp Stock Down 1.4 %

Shares of EVBN traded down $0.61 during midday trading on Thursday, reaching $42.69. 36,446 shares of the stock were exchanged, compared to its average volume of 28,708. The company has a market capitalization of $236.50 million, a PE ratio of 12.82 and a beta of 0.92. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.99 and a quick ratio of 0.99. Evans Bancorp, Inc. has a 12-month low of $24.07 and a 12-month high of $46.21.

Evans Bancorp (NYSEAMERICAN:EVBN - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The bank reported $0.53 EPS for the quarter, beating the consensus estimate of $0.40 by $0.13. The company had revenue of $31.69 million for the quarter. Evans Bancorp had a return on equity of 10.27% and a net margin of 13.80%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on EVBN shares. StockNews.com assumed coverage on shares of Evans Bancorp in a research report on Wednesday, December 25th. They issued a "hold" rating for the company. Keefe, Bruyette & Woods increased their price objective on shares of Evans Bancorp from $42.32 to $45.50 and gave the company a "market perform" rating in a report on Friday, November 1st.

About Evans Bancorp

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.