Squarepoint Ops LLC Purchases New Position in Evans Bancorp, Inc. (NYSEAMERICAN:EVBN)

Squarepoint Ops LLC acquired a new stake in Evans Bancorp, Inc. (NYSEAMERICAN:EVBN) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 8,430 shares of the bank’s stock, valued at approximately $237,000. Squarepoint Ops LLC owned about 0.15% of Evans Bancorp at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. BNP Paribas Financial Markets lifted its holdings in shares of Evans Bancorp by 78.1% during the first quarter. BNP Paribas Financial Markets now owns 2,624 shares of the bank’s stock worth $78,000 after purchasing an additional 1,151 shares during the period. American Century Companies Inc. acquired a new stake in Evans Bancorp in the second quarter valued at about $337,000. Cubist Systematic Strategies LLC acquired a new position in Evans Bancorp during the second quarter worth $500,000. Vanguard Group Inc. grew its stake in shares of Evans Bancorp by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 281,299 shares of the bank’s stock worth $8,400,000 after purchasing an additional 1,620 shares during the period. Finally, PL Capital Advisors LLC grew its stake in shares of Evans Bancorp by 3.0% during the 1st quarter. PL Capital Advisors LLC now owns 538,437 shares of the bank’s stock worth $16,078,000 after purchasing an additional 15,788 shares during the period. Institutional investors and hedge funds own 67.10% of the company’s stock.

Evans Bancorp Price Performance

EVBN opened at $39.80 on Friday. Evans Bancorp, Inc. has a 1 year low of $24.07 and a 1 year high of $40.97. The company has a market capitalization of $220.09 million, a P/E ratio of 11.50 and a beta of 0.91. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.98 and a current ratio of 0.98.

Evans Bancorp (NYSEAMERICAN:EVBN) last announced its quarterly earnings data on Tuesday, July 30th. The bank reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.15. Evans Bancorp had a net margin of 14.51% and a return on equity of 11.20%. The company had revenue of $30.22 million during the quarter.

Evans Bancorp Dividend Announcement

The business also recently announced a semi-annual dividend, which was paid on Thursday, October 10th. Stockholders of record on Thursday, September 12th were paid a $0.66 dividend. The ex-dividend date was Thursday, September 12th. This represents a dividend yield of 3.9%. Evans Bancorp’s dividend payout ratio (DPR) is currently 38.15%.

Insider Activity at Evans Bancorp

In other Evans Bancorp news, major shareholder Pl Capital Advisors, Llc acquired 6,680 shares of the company’s stock in a transaction on Tuesday, July 23rd. The shares were bought at an average cost of $32.81 per share, for a total transaction of $219,170.80. Following the acquisition, the insider now directly owns 611,759 shares of the company’s stock, valued at $20,071,812.79. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 6.34% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on EVBN. Keefe, Bruyette & Woods boosted their price objective on shares of Evans Bancorp from $26.50 to $30.50 and gave the stock a “market perform” rating in a research report on Thursday, August 1st. StockNews.com began coverage on shares of Evans Bancorp in a research report on Tuesday, October 8th. They issued a “hold” rating on the stock.

Evans Bancorp 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.