StockNews.com began coverage on shares of Evans Bancorp (NYSE:EVBN - Free Report) in a research note issued to investors on Wednesday morning. The firm issued a hold rating on the stock.
Evans Bancorp Price Performance
Shares of EVBN traded down $0.41 on Wednesday, hitting $44.20. The company's stock had a trading volume of 38,686 shares, compared to its average volume of 21,144. Evans Bancorp has a fifty-two week low of $24.07 and a fifty-two 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. The firm has a market capitalization of $244.87 million, a PE ratio of 20.56 and a beta of 0.92.
Institutional Trading of Evans Bancorp
Hedge funds and other institutional investors have recently made changes to their positions in the business. Ritholtz Wealth Management grew its position in Evans Bancorp by 25.3% in the fourth quarter. Ritholtz Wealth Management now owns 7,022 shares of the company's stock valued at $304,000 after purchasing an additional 1,417 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Evans Bancorp during the 4th quarter worth about $657,000. ABC Arbitrage SA bought a new position in shares of Evans Bancorp in the 4th quarter valued at about $2,417,000. Finally, PL Capital Advisors LLC increased its position in shares of Evans Bancorp by 4,230.0% in the fourth quarter. PL Capital Advisors LLC now owns 26,489,165 shares of the company's stock valued at $1,146,981,000 after acquiring an additional 25,877,406 shares during the last quarter. 67.10% of the stock is currently owned by institutional investors and hedge funds.
Evans Bancorp Company Profile
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Evans Bancorp, Inc primarily operates as the financial holding company for Evans Bank, N.A. that provides a range of banking products and services to consumer and commercial customers in Western New York and the Finger Lakes Region of New York State. It operates in two segments, Banking Activities and Insurance Agency Activities.
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