Oddo BHF Asset Management Sas purchased a new position in shares of Evans Bancorp, Inc. (NYSEAMERICAN:EVBN - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 143,676 shares of the bank's stock, valued at approximately $5,599,000. Oddo BHF Asset Management Sas owned 2.59% of Evans Bancorp at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Evans Bancorp by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 281,299 shares of the bank's stock worth $8,400,000 after purchasing an additional 1,620 shares in the last quarter. American Century Companies Inc. purchased a new position in Evans Bancorp in the second quarter valued at about $337,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Evans Bancorp during the 2nd quarter valued at approximately $500,000. Squarepoint Ops LLC purchased a new stake in shares of Evans Bancorp during the 2nd quarter worth approximately $237,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Evans Bancorp in the 2nd quarter worth approximately $204,000. 67.10% of the stock is owned by institutional investors and hedge funds.
Evans Bancorp Trading Down 0.9 %
NYSEAMERICAN:EVBN traded down $0.43 during mid-day trading on Friday, hitting $45.15. The stock had a trading volume of 34,484 shares, compared to its average volume of 28,786. Evans Bancorp, Inc. has a 52 week low of $24.07 and a 52 week high of $46.21. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.86. The company has a market cap of $250.13 million, a PE ratio of 13.69 and a beta of 0.92.
Evans Bancorp (NYSEAMERICAN:EVBN - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The bank reported $0.53 EPS for the quarter, beating analysts' consensus estimates 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 Ratings Changes
A number of analysts recently commented on EVBN shares. Keefe, Bruyette & Woods lifted their price objective on Evans Bancorp from $42.32 to $45.50 and gave the stock a "market perform" rating in a research report on Friday, November 1st. StockNews.com began coverage on shares of Evans Bancorp in a research note on Friday. They issued a "hold" rating for the company.
Read Our Latest Stock Analysis on Evans Bancorp
About Evans Bancorp
(
Free Report)
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.
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