Evans Bancorp, Inc. (NYSEAMERICAN:EVBN) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its holdings in shares of Evans Bancorp, Inc. (NYSEAMERICAN:EVBN) by 18.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,503 shares of the bank’s stock after acquiring an additional 1,511 shares during the period. JPMorgan Chase & Co. owned 0.17% of Evans Bancorp worth $370,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Oddo BHF Asset Management Sas acquired a new stake in shares of Evans Bancorp during the third quarter worth $5,599,000. Cubist Systematic Strategies LLC purchased a new position in Evans Bancorp during the second quarter worth $500,000. Stifel Financial Corp purchased a new stake in Evans Bancorp during the 3rd quarter worth about $556,000. American Century Companies Inc. purchased a new stake in Evans Bancorp during the 2nd quarter worth about $337,000. Finally, De Lisle Partners LLP lifted its holdings in Evans Bancorp by 30.3% in the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 67.10% of the company’s stock.

Evans Bancorp Stock Performance

Evans Bancorp stock opened at $42.87 on Thursday. 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 firm has a market cap of $237.50 million, a price-to-earnings ratio of 12.87 and a beta of 0.92. The business has a 50 day moving average price of $43.71.

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

Analysts Set New Price Targets

EVBN has been the topic of a number of recent research reports. Keefe, Bruyette & Woods boosted their target price on shares of 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 initiated coverage on shares of Evans Bancorp in a research report on Wednesday, January 8th. They set a “hold” rating for the company.

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.