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

Stifel Financial Corp bought a new stake in Evans Bancorp, Inc. (NYSEAMERICAN:EVBN) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 14,267 shares of the bank’s stock, valued at approximately $556,000. Stifel Financial Corp owned about 0.26% of Evans Bancorp as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Endeavour Capital Advisors Inc. boosted its stake in shares of Evans Bancorp by 56.6% in the second quarter. Endeavour Capital Advisors Inc. now owns 298,624 shares of the bank’s stock valued at $8,394,000 after purchasing an additional 107,954 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in Evans Bancorp during the 2nd quarter worth approximately $500,000. American Century Companies Inc. purchased a new position in Evans Bancorp in the 2nd quarter valued at approximately $337,000. Squarepoint Ops LLC acquired a new position in shares of Evans Bancorp in the second quarter worth $237,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Evans Bancorp in the second quarter worth $204,000. Hedge funds and other institutional investors own 67.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on EVBN shares. StockNews.com started coverage on Evans Bancorp in a report on Wednesday. They issued a “hold” rating for the company. Keefe, Bruyette & Woods lifted their price target on Evans Bancorp from $42.32 to $45.50 and gave the stock a “market perform” rating in a report on Friday, November 1st.

Evans Bancorp Stock Performance

NYSEAMERICAN EVBN opened at $44.21 on Friday. Evans Bancorp, Inc. has a one year low of $24.07 and a one year high of $46.21. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $244.92 million, a price-to-earnings ratio of 13.28 and a beta of 0.92.

Evans Bancorp (NYSEAMERICAN:EVBN) last posted its quarterly earnings data on Thursday, October 31st. The bank reported $0.53 EPS for the quarter, beating the consensus estimate of $0.40 by $0.13. Evans Bancorp had a return on equity of 10.27% and a net margin of 13.80%. The firm had revenue of $31.69 million during the quarter.

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.