Evans Bancorp (NYSE:EVBN) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Evans Bancorp (NYSE:EVBN) in a report released on Friday. The firm issued a hold rating on the stock.

Evans Bancorp Trading Down 1.4 %

Shares of EVBN opened at $42.54 on Friday. The company has a market capitalization of $235.67 million, a PE ratio of 19.79 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 has a 52 week low of $24.07 and a 52 week high of $46.21.

Evans Bancorp Announces Dividend

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

Institutional Trading of Evans Bancorp

Several hedge funds have recently made changes to their positions in the stock. CSS LLC IL raised its stake in Evans Bancorp by 148.4% during the 4th quarter. CSS LLC IL now owns 55,306 shares of the company’s stock valued at $2,395,000 after acquiring an additional 33,039 shares in the last quarter. Note Advisors LLC acquired a new position in shares of Evans Bancorp in the 4th quarter worth $545,000. Squarepoint Ops LLC purchased a new position in shares of Evans Bancorp during the fourth quarter valued at $496,000. Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of Evans Bancorp by 96.9% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 10,211 shares of the company’s stock valued at $442,000 after buying an additional 5,024 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp boosted its position in Evans Bancorp by 116.8% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 26,024 shares of the company’s stock valued at $1,127,000 after purchasing an additional 14,023 shares during the last quarter. 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.