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

Investment analysts at StockNews.com began coverage on shares of Evans Bancorp (NYSE:EVBN) in a note issued to investors on Friday. The firm set a “hold” rating on the stock.

Evans Bancorp Price Performance

Shares of Evans Bancorp stock opened at $36.10 on Friday. The stock has a market cap of $200.97 million, a PE ratio of 16.79 and a beta of 0.74. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.86. The firm’s 50-day moving average price is $39.80. Evans Bancorp has a 12 month low of $24.07 and a 12 month high of $46.21.

Insider Activity at Evans Bancorp

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

Institutional Trading of Evans Bancorp

Several institutional investors have recently modified their holdings of EVBN. Barclays PLC raised its stake in Evans Bancorp by 1.7% during the 4th quarter. Barclays PLC now owns 16,438 shares of the company’s stock worth $712,000 after acquiring an additional 275 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Evans Bancorp by 68,200.0% in the 4th quarter. Wells Fargo & Company MN now owns 683 shares of the company’s stock valued at $30,000 after purchasing an additional 682 shares during the period. Northern Trust Corp grew its stake in Evans Bancorp by 7.8% during the 4th quarter. Northern Trust Corp now owns 11,495 shares of the company’s stock worth $498,000 after buying an additional 832 shares during the last quarter. Ritholtz Wealth Management increased 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 worth $304,000 after buying an additional 1,417 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its stake 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 buying an additional 1,817 shares during the last quarter. Hedge funds and other 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.