Dimensional Fund Advisors LP Has $3.92 Million Holdings in Evans Bancorp, Inc. (NYSEAMERICAN:EVBN)

Dimensional Fund Advisors LP trimmed its position in Evans Bancorp, Inc. (NYSEAMERICAN:EVBN - Free Report) by 12.5% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 139,295 shares of the bank's stock after selling 19,987 shares during the period. Dimensional Fund Advisors LP owned 2.52% of Evans Bancorp worth $3,916,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. American Century Companies Inc. acquired a new stake in shares of Evans Bancorp during the second quarter worth $337,000. PL Capital Advisors LLC raised its stake in Evans Bancorp by 12.4% during the second quarter. PL Capital Advisors LLC now owns 605,079 shares of the bank's stock worth $17,009,000 after acquiring an additional 66,642 shares during the period. Vanguard Group Inc. lifted its holdings in Evans Bancorp by 0.6% in the first quarter. Vanguard Group Inc. now owns 281,299 shares of the bank's stock worth $8,400,000 after acquiring an additional 1,620 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in Evans Bancorp by 78.1% in the first quarter. BNP Paribas Financial Markets now owns 2,624 shares of the bank's stock valued at $78,000 after acquiring an additional 1,151 shares during the period. 67.10% of the stock is currently owned by institutional investors and hedge funds.

Evans Bancorp Stock Up 0.1 %

Shares of NYSEAMERICAN EVBN traded up $0.03 during midday trading on Thursday, reaching $39.11. The company's stock had a trading volume of 5,813 shares, compared to its average volume of 27,261. Evans Bancorp, Inc. has a one year low of $24.07 and a one year high of $40.97. The company has a market capitalization of $216.28 million, a P/E ratio of 10.10 and a beta of 0.91. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.98 and a quick ratio of 0.98.

Evans Bancorp (NYSEAMERICAN:EVBN - Get Free Report) last released its quarterly earnings data on Tuesday, July 30th. The bank reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.15. The business had revenue of $30.22 million during the quarter. Evans Bancorp had a return on equity of 11.20% and a net margin of 14.51%.

Evans Bancorp Announces Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, October 10th. Shareholders of record on Thursday, September 12th will be given a dividend of $0.66 per share. This represents a yield of 3.9%. The ex-dividend date of this dividend is Thursday, September 12th. Evans Bancorp's payout ratio is 34.46%.

Insider Buying and Selling at Evans Bancorp

In other Evans Bancorp news, major shareholder Pl Capital Advisors, Llc acquired 6,680 shares of Evans Bancorp stock in a transaction that occurred on Tuesday, July 23rd. The stock was purchased at an average cost of $32.81 per share, with a total value of $219,170.80. Following the purchase, the insider now owns 611,759 shares in the company, valued at approximately $20,071,812.79. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 6.34% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Keefe, Bruyette & Woods upped their price target on shares of Evans Bancorp from $26.50 to $30.50 and gave the stock a "market perform" rating in a research report on Thursday, August 1st. StockNews.com assumed coverage on shares of Evans Bancorp in a research note on Tuesday. They set a "hold" rating for the company.

Evans Bancorp Profile

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.