Evans Bancorp (NYSE:EVBN) Coverage Initiated by Analysts at StockNews.com

Analysts at StockNews.com started coverage on shares of Evans Bancorp (NYSE:EVBN) in a research note issued on Sunday. The firm set a “hold” rating on the stock.

Evans Bancorp Stock Down 1.5 %

Evans Bancorp stock opened at $40.14 on Friday. The firm has a market cap of $222.42 million, a PE ratio of 18.67 and a beta of 0.97. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.99 and a current ratio of 0.99. Evans Bancorp has a twelve month low of $24.07 and a twelve month high of $46.21.

Hedge Funds Weigh In On Evans Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. PL Capital Advisors LLC grew its holdings in Evans Bancorp by 4,230.0% during the 4th quarter. PL Capital Advisors LLC now owns 26,489,165 shares of the company’s stock worth $1,146,981,000 after acquiring an additional 25,877,406 shares in the last quarter. Chicago Capital Management LLC purchased a new stake in shares of Evans Bancorp during the 4th quarter worth $8,475,000. Credit Industriel ET Commercial acquired a new position in shares of Evans Bancorp during the fourth quarter worth $5,257,000. Susquehanna International Group LLP increased its holdings in Evans Bancorp by 267.3% in the fourth quarter. Susquehanna International Group LLP now owns 113,973 shares of the company’s stock valued at $4,935,000 after buying an additional 82,947 shares during the last quarter. Finally, ABC Arbitrage SA acquired a new stake in Evans Bancorp in the fourth quarter valued at $2,417,000. 67.10% of the stock is owned by institutional investors and hedge funds.

Evans Bancorp Company Profile

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.