Geode Capital Management LLC Purchases 3,583 Shares of Evans Bancorp, Inc. (NYSEAMERICAN:EVBN)

Geode Capital Management LLC raised its position in shares of Evans Bancorp, Inc. (NYSEAMERICAN:EVBN) by 6.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 55,786 shares of the bank’s stock after purchasing an additional 3,583 shares during the period. Geode Capital Management LLC owned 1.01% of Evans Bancorp worth $2,175,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Barclays PLC boosted its stake in Evans Bancorp by 47.7% during the third quarter. Barclays PLC now owns 16,163 shares of the bank’s stock valued at $630,000 after buying an additional 5,218 shares during the period. Stifel Financial Corp purchased a new position in shares of Evans Bancorp in the third quarter worth about $556,000. De Lisle Partners LLP grew its stake in shares of Evans Bancorp by 30.3% in the third quarter. De Lisle Partners LLP now owns 46,943 shares of the bank’s stock worth $1,829,000 after purchasing an additional 10,908 shares during the last quarter. Prime Capital Investment Advisors LLC bought a new stake in shares of Evans Bancorp in the third quarter worth about $251,000. Finally, PL Capital Advisors LLC grew its stake in shares of Evans Bancorp by 1.1% in the third quarter. PL Capital Advisors LLC now owns 611,759 shares of the bank’s stock worth $23,840,000 after purchasing an additional 6,680 shares during the last quarter. 67.10% of the stock is owned by institutional investors.

Evans Bancorp Stock Down 1.3 %

NYSEAMERICAN EVBN opened at $42.22 on Wednesday. Evans Bancorp, Inc. has a 52 week low of $24.07 and a 52 week high of $46.21. The firm has a market cap of $233.90 million, a price-to-earnings ratio of 12.68 and a beta of 0.92. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.86.

Evans Bancorp (NYSEAMERICAN:EVBN) last posted its earnings results on Thursday, October 31st. The bank reported $0.53 earnings per share (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 company had revenue of $31.69 million for the quarter.

Wall Street Analyst Weigh In

EVBN has been the topic of several research reports. Keefe, Bruyette & Woods lifted their price objective on Evans Bancorp from $42.32 to $45.50 and gave the company a “market perform” rating in a research report on Friday, November 1st. StockNews.com initiated coverage on Evans Bancorp in a report on Wednesday. They set a “hold” rating on the stock.

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.