Evans Bancorp, Inc. (NYSEAMERICAN:EVBN) Shares Purchased by PL Capital Advisors LLC

PL Capital Advisors LLC boosted its position in Evans Bancorp, Inc. (NYSEAMERICAN:EVBN) by 1.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 611,759 shares of the bank’s stock after acquiring an additional 6,680 shares during the quarter. Evans Bancorp accounts for 8.0% of PL Capital Advisors LLC’s investment portfolio, making the stock its 5th biggest position. PL Capital Advisors LLC owned 11.06% of Evans Bancorp worth $23,840,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. BNP Paribas Financial Markets grew its stake in shares of Evans Bancorp by 78.1% in the first quarter. BNP Paribas Financial Markets now owns 2,624 shares of the bank’s stock valued at $78,000 after buying an additional 1,151 shares in the last quarter. Vanguard Group Inc. grew its position in Evans Bancorp by 0.6% in the first quarter. Vanguard Group Inc. now owns 281,299 shares of the bank’s stock valued at $8,400,000 after acquiring an additional 1,620 shares in the last quarter. Ritholtz Wealth Management purchased a new stake in shares of Evans Bancorp during the third quarter valued at approximately $218,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Evans Bancorp during the second quarter worth $204,000. Finally, Squarepoint Ops LLC purchased a new position in shares of Evans Bancorp in the second quarter valued at $237,000. 67.10% of the stock is owned by institutional investors and hedge funds.

Evans Bancorp Stock Down 0.7 %

NYSEAMERICAN:EVBN opened at $39.54 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market cap of $218.66 million, a PE ratio of 11.96 and a beta of 0.91. Evans Bancorp, Inc. has a 52 week low of $24.07 and a 52 week high of $41.18.

Evans Bancorp Dividend Announcement

The company also recently announced a semi-annual dividend, which was paid on Thursday, October 10th. Shareholders of record on Thursday, September 12th were given a $0.66 dividend. This represents a yield of 3.9%. The ex-dividend date of this dividend was Thursday, September 12th. Evans Bancorp’s dividend payout ratio (DPR) is 39.64%.

Analyst Ratings Changes

Several research analysts recently commented on the company. StockNews.com assumed coverage on Evans Bancorp in a research note on Friday. They issued a “hold” rating on the stock. Keefe, Bruyette & Woods increased their target price on Evans Bancorp from $42.32 to $45.50 and gave the company a “market perform” rating in a research note on Friday.

Evans Bancorp Company 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.