Evans Bancorp Inc (NYSE:EVBN) Stock Position Raised by Jane Street Group LLC

Jane Street Group LLC lifted its holdings in Evans Bancorp Inc (NYSE:EVBN) by 40.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,976 shares of the company’s stock after buying an additional 8,603 shares during the period. Jane Street Group LLC owned about 0.54% of Evans Bancorp worth $1,298,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ritholtz Wealth Management boosted 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 last quarter. ABC Arbitrage SA bought a new position in Evans Bancorp during the fourth quarter valued at about $2,417,000. Bank of New York Mellon Corp bought a new position in Evans Bancorp during the fourth quarter valued at about $657,000. PL Capital Advisors LLC raised its holdings in Evans Bancorp by 4,230.0% during the fourth quarter. PL Capital Advisors LLC now owns 26,489,165 shares of the company’s stock valued at $1,146,981,000 after buying an additional 25,877,406 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in Evans Bancorp by 15.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 29,542 shares of the company’s stock valued at $1,279,000 after buying an additional 3,921 shares in the last quarter. Institutional investors and hedge funds own 67.10% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Evans Bancorp in a report on Tuesday. They set a “hold” rating on the stock.

Evans Bancorp Price Performance

NYSE EVBN opened at $39.53 on Wednesday. Evans Bancorp Inc has a fifty-two week low of $24.80 and a fifty-two week high of $46.21. The company’s 50-day moving average is $38.11. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $220.06 million, a price-to-earnings ratio of 18.39 and a beta of 0.71.

Evans Bancorp Announces Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 13th were paid a $0.66 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a dividend yield of 3.1%. Evans Bancorp’s payout ratio is presently 61.40%.

Insider Transactions at Evans Bancorp

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

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.