Barclays PLC Has $630,000 Holdings in Evans Bancorp, Inc. (NYSEAMERICAN:EVBN)

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

A number of other hedge funds and other institutional investors have also made changes to their positions in EVBN. PL Capital Advisors LLC lifted its stake in Evans Bancorp by 1.1% in the 3rd quarter. PL Capital Advisors LLC now owns 611,759 shares of the bank’s stock valued at $23,840,000 after acquiring an additional 6,680 shares in the last quarter. Endeavour Capital Advisors Inc. raised its holdings in shares of 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 purchasing an additional 107,954 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Evans Bancorp by 6.9% in the third quarter. Geode Capital Management LLC now owns 55,786 shares of the bank’s stock valued at $2,175,000 after purchasing an additional 3,583 shares during the last quarter. De Lisle Partners LLP lifted its position 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 in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in Evans Bancorp during the second quarter worth $500,000. 67.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on EVBN. StockNews.com initiated coverage on Evans Bancorp in a report on Wednesday, January 8th. They set a “hold” rating on the stock. Keefe, Bruyette & Woods upped their price objective on Evans Bancorp from $42.32 to $45.50 and gave the stock a “market perform” rating in a research note on Friday, November 1st.

Evans Bancorp Price Performance

Shares of EVBN opened at $42.81 on Friday. The company has a market cap of $237.17 million, a P/E ratio of 12.86 and a beta of 0.92. The company has a 50-day moving average price of $43.71. Evans Bancorp, Inc. has a one year low of $24.07 and a one year high of $46.21. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.86.

Evans Bancorp (NYSEAMERICAN:EVBN) last posted its quarterly earnings results on Thursday, October 31st. The bank reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.13. The business had revenue of $31.69 million during the quarter. Evans Bancorp had a return on equity of 10.27% and a net margin of 13.80%.

About Evans Bancorp

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.