Evans Bancorp Inc (NYSE:EVBN) Stock Holdings Increased by PL Capital Advisors LLC

PL Capital Advisors LLC increased its stake in Evans Bancorp Inc (NYSE:EVBN) by 4,230.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,489,165 shares of the company’s stock after acquiring an additional 25,877,406 shares during the period. Evans Bancorp makes up about 13.4% of PL Capital Advisors LLC’s holdings, making the stock its 2nd largest holding. PL Capital Advisors LLC owned about 478.14% of Evans Bancorp worth $1,146,981,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EVBN. Ritholtz Wealth Management grew its holdings in Evans Bancorp by 25.3% during the 4th quarter. Ritholtz Wealth Management now owns 7,022 shares of the company’s stock worth $304,000 after acquiring an additional 1,417 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Evans Bancorp during the fourth quarter worth $657,000. Finally, ABC Arbitrage SA purchased a new position in Evans Bancorp in the fourth quarter valued at $2,417,000. 67.10% of the stock is currently owned by hedge funds and other institutional investors.

Evans Bancorp Stock Up 1.2 %

Shares of EVBN opened at $42.97 on Wednesday. The company has a market capitalization of $238.10 million, a P/E ratio of 19.99 and a beta of 0.92. Evans Bancorp Inc has a 52-week low of $24.07 and a 52-week high of $46.21. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.99 and a quick ratio of 0.99.

Evans Bancorp Dividend Announcement

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 dividend of $0.66 per share. This represents a dividend yield of 3.1%. The ex-dividend date of this dividend is Thursday, March 13th. Evans Bancorp’s dividend payout ratio (DPR) is currently 61.40%.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Evans Bancorp in a report on Friday, February 21st. They set a “hold” rating for the company.

Evans Bancorp 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.