5,605 Shares in Evans Bancorp, Inc. (NYSEAMERICAN:EVBN) Acquired by Ritholtz Wealth Management

Ritholtz Wealth Management bought a new stake in Evans Bancorp, Inc. (NYSEAMERICAN:EVBN) during the 3rd quarter, Holdings Channel.com reports. The firm bought 5,605 shares of the bank’s stock, valued at approximately $218,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its holdings in Evans Bancorp by 78.1% during the 1st quarter. BNP Paribas Financial Markets now owns 2,624 shares of the bank’s stock worth $78,000 after acquiring an additional 1,151 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Evans Bancorp in the 2nd quarter valued at about $204,000. Squarepoint Ops LLC bought a new stake in shares of Evans Bancorp during the 2nd quarter valued at about $237,000. American Century Companies Inc. acquired a new stake in Evans Bancorp during the second quarter worth approximately $337,000. Finally, Cubist Systematic Strategies LLC bought a new stake in Evans Bancorp in the second quarter worth approximately $500,000. Institutional investors and hedge funds own 67.10% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on EVBN shares. Keefe, Bruyette & Woods raised 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 initiated coverage on shares of Evans Bancorp in a report on Monday. They issued a “hold” rating for the company.

Evans Bancorp Stock Up 1.1 %

EVBN stock opened at $41.18 on Friday. The company has a market cap of $227.73 million, a P/E ratio of 11.90 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, Inc. has a fifty-two week low of $24.07 and a fifty-two week high of $41.18.

Evans Bancorp (NYSEAMERICAN:EVBN) last issued its earnings results on Tuesday, July 30th. The bank reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.15. Evans Bancorp had a return on equity of 11.20% and a net margin of 14.51%. The company had revenue of $30.22 million for the quarter.

Evans Bancorp Announces Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, October 10th. Stockholders of record on Thursday, September 12th were issued a dividend of $0.66 per share. This represents a dividend yield of 3.9%. The ex-dividend date of this dividend was Thursday, September 12th. Evans Bancorp’s dividend payout ratio is currently 38.15%.

Insider Transactions at Evans Bancorp

In related news, major shareholder Pl Capital Advisors, Llc acquired 6,680 shares of the stock in a transaction dated Tuesday, July 23rd. The stock was purchased at an average cost of $32.81 per share, with a total value of $219,170.80. Following the completion of the purchase, the insider now directly owns 611,759 shares in the company, valued at $20,071,812.79. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.34% of the stock is currently owned by insiders.

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.