Stifel Financial Corp Makes New $556,000 Investment in Evans Bancorp, Inc. (NYSEAMERICAN:EVBN)

Stifel Financial Corp acquired a new stake in Evans Bancorp, Inc. (NYSEAMERICAN:EVBN - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 14,267 shares of the bank's stock, valued at approximately $556,000. Stifel Financial Corp owned about 0.26% of Evans Bancorp at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Point72 Asia Singapore Pte. Ltd. purchased a new position in Evans Bancorp during the second quarter worth $204,000. Ritholtz Wealth Management acquired a new stake in shares of Evans Bancorp during the third quarter valued at $218,000. Squarepoint Ops LLC purchased a new stake in Evans Bancorp during the 2nd quarter worth about $237,000. Prime Capital Investment Advisors LLC acquired a new position in Evans Bancorp in the 3rd quarter valued at about $251,000. Finally, American Century Companies Inc. acquired a new position in Evans Bancorp in the 2nd quarter valued at about $337,000. 67.10% of the stock is currently owned by hedge funds and other institutional investors.

Evans Bancorp Price Performance

EVBN traded down $0.60 during trading hours on Friday, reaching $43.61. 10,430 shares of the stock traded hands, compared to its average volume of 28,841. Evans Bancorp, Inc. has a fifty-two week low of $24.07 and a fifty-two week high of $46.21. The firm has a market cap of $241.60 million, a price-to-earnings ratio of 13.10 and a beta of 0.92. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.86.

Evans Bancorp (NYSEAMERICAN:EVBN - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The bank reported $0.53 EPS for the quarter, topping the consensus estimate of $0.40 by $0.13. The business 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%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on EVBN. StockNews.com started coverage on Evans Bancorp in a report on Wednesday. They set a "hold" rating on the stock. Keefe, Bruyette & Woods raised their price target on Evans Bancorp from $42.32 to $45.50 and gave the stock a "market perform" rating in a research note on Friday, November 1st.

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.