Evans Bancorp (NYSE:EVBN) Now Covered by Analysts at StockNews.com

Equities research analysts at StockNews.com initiated coverage on shares of Evans Bancorp (NYSE:EVBN) in a report issued on Monday. The brokerage set a “hold” rating on the stock.

Evans Bancorp Price Performance

Shares of EVBN stock opened at $39.01 on Monday. Evans Bancorp has a one year low of $24.07 and a one year 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 50-day moving average price of $42.62. The stock has a market capitalization of $217.17 million, a P/E ratio of 18.14 and a beta of 0.97.

Insider Buying and Selling

In other Evans Bancorp news, CEO David J. Nasca sold 1,434 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $38.81, for a total transaction of $55,653.54. Following the transaction, the chief executive officer now directly owns 104,431 shares in the company, valued at $4,052,967.11. This trade represents a 1.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.34% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in EVBN. Barclays PLC lifted its holdings in Evans Bancorp by 1.7% in the fourth quarter. Barclays PLC now owns 16,438 shares of the company’s stock worth $712,000 after buying an additional 275 shares during the period. Wells Fargo & Company MN raised its holdings in Evans Bancorp by 68,200.0% in the 4th quarter. Wells Fargo & Company MN now owns 683 shares of the company’s stock worth $30,000 after acquiring an additional 682 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Evans Bancorp by 7.8% during the fourth quarter. Northern Trust Corp now owns 11,495 shares of the company’s stock valued at $498,000 after purchasing an additional 832 shares in the last quarter. Ritholtz Wealth Management lifted its position in Evans Bancorp by 25.3% during 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 during the period. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Evans Bancorp by 8.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 24,362 shares of the company’s stock valued at $1,055,000 after acquiring an additional 1,817 shares during the period. Institutional investors own 67.10% of the company’s stock.

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.