Short Interest in Evans Bancorp, Inc. (NYSEAMERICAN:EVBN) Declines By 28.2%

Evans Bancorp, Inc. (NYSEAMERICAN:EVBN) was the target of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 12,700 shares, a decline of 28.2% from the February 13th total of 17,700 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 25,500 shares, the days-to-cover ratio is presently 0.5 days.

Evans Bancorp Stock Performance

NYSEAMERICAN EVBN traded down $0.06 on Tuesday, hitting $39.35. The stock had a trading volume of 8,005 shares, compared to its average volume of 25,505. The business has a 50-day moving average of $43.34. 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. The company has a market capitalization of $218.00 million, a P/E ratio of 11.82 and a beta of 0.92.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Evans Bancorp in a research note on Wednesday, January 8th. They issued a “hold” rating for the company.

Institutional Investors Weigh In On Evans Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the business. Prime Capital Investment Advisors LLC bought a new stake in Evans Bancorp during the third quarter valued at approximately $251,000. De Lisle Partners LLP lifted its holdings in shares of Evans Bancorp by 30.3% during the 3rd quarter. De Lisle Partners LLP now owns 46,943 shares of the bank’s stock worth $1,829,000 after acquiring an additional 10,908 shares during the last quarter. Stifel Financial Corp purchased a new position in Evans Bancorp in the third quarter worth $556,000. Barclays PLC increased its stake in Evans Bancorp by 47.7% in the third quarter. Barclays PLC now owns 16,163 shares of the bank’s stock valued at $630,000 after acquiring an additional 5,218 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Evans Bancorp by 6.9% during the third quarter. Geode Capital Management LLC now owns 55,786 shares of the bank’s stock valued at $2,175,000 after purchasing an additional 3,583 shares in the last quarter. Hedge funds and other institutional investors own 67.10% of the company’s stock.

About Evans Bancorp

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.