Evans Bancorp, Inc. (NYSEAMERICAN:EVBN - Get Free Report) saw a significant decrease in short interest in February. As of February 28th, there was short interest totalling 12,700 shares, a decrease of 28.2% from the February 13th total of 17,700 shares. Based on an average daily volume of 25,500 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.2% of the shares of the stock are sold short.
Evans Bancorp Price Performance
Shares of EVBN stock traded down $0.13 during mid-day trading on Thursday, hitting $39.39. 19,921 shares of the stock traded hands, compared to its average volume of 30,527. The stock has a market capitalization of $218.22 million, a PE ratio of 11.83 and a beta of 0.92. The stock's fifty day moving average price is $43.06. Evans Bancorp has a 52-week low of $24.07 and a 52-week high of $46.21. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.99 and a current ratio of 0.99.
Hedge Funds Weigh In On Evans Bancorp
Several hedge funds and other institutional investors have recently modified their holdings of EVBN. Oddo BHF Asset Management Sas acquired a new position in Evans Bancorp in the 3rd quarter worth approximately $5,599,000. Geode Capital Management LLC increased its holdings in Evans Bancorp by 6.9% in the 3rd quarter. Geode Capital Management LLC now owns 55,786 shares of the bank's stock worth $2,175,000 after buying an additional 3,583 shares during the period. De Lisle Partners LLP grew its holdings in shares of Evans Bancorp by 30.3% in the third quarter. De Lisle Partners LLP now owns 46,943 shares of the bank's stock valued at $1,829,000 after purchasing an additional 10,908 shares during the period. Barclays PLC grew its holdings in shares of Evans Bancorp by 47.7% in the third quarter. Barclays PLC now owns 16,163 shares of the bank's stock valued at $630,000 after purchasing an additional 5,218 shares during the period. Finally, Stifel Financial Corp purchased a new position in Evans Bancorp during the third quarter worth about $556,000. 67.10% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Separately, StockNews.com assumed coverage on shares of Evans Bancorp in a research report on Wednesday, January 8th. They set a "hold" rating on the stock.
Read Our Latest Stock Analysis on EVBN
Evans Bancorp Company Profile
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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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