Evans Bancorp, Inc. (NYSEAMERICAN:EVBN) Shares Bought by Barclays PLC

Barclays PLC boosted its holdings in shares of Evans Bancorp, Inc. (NYSEAMERICAN:EVBN) by 47.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,163 shares of the bank’s stock after purchasing an additional 5,218 shares during the quarter. Barclays PLC owned approximately 0.29% of Evans Bancorp worth $630,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in EVBN. American Century Companies Inc. bought a new position in Evans Bancorp during the 2nd quarter worth approximately $337,000. Cubist Systematic Strategies LLC bought a new position in shares of Evans Bancorp during the second quarter valued at approximately $500,000. Squarepoint Ops LLC acquired a new stake in shares of Evans Bancorp during the 2nd quarter worth approximately $237,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Evans Bancorp in the 2nd quarter worth approximately $204,000. Finally, Endeavour Capital Advisors Inc. lifted its stake in 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 buying an additional 107,954 shares during the last quarter. 67.10% of the stock is currently owned by hedge funds and other institutional investors.

Evans Bancorp Stock Down 0.3 %

NYSEAMERICAN:EVBN opened at $43.30 on Thursday. The stock has a market cap of $239.88 million, a price-to-earnings ratio of 13.00 and a beta of 0.92. Evans Bancorp, Inc. 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.

Evans Bancorp (NYSEAMERICAN:EVBN) last issued its earnings results on Thursday, October 31st. The bank reported $0.53 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods lifted their price target on Evans Bancorp from $42.32 to $45.50 and gave the company a “market perform” rating in a report on Friday, November 1st. StockNews.com assumed coverage on shares of Evans Bancorp in a report on Wednesday, December 25th. They issued 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.