Jane Street Group LLC Sells 25,772 Shares of Evans Bancorp, Inc. (NYSEAMERICAN:EVBN)

Jane Street Group LLC cut its position in shares of Evans Bancorp, Inc. (NYSEAMERICAN:EVBN) by 54.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,373 shares of the bank’s stock after selling 25,772 shares during the quarter. Jane Street Group LLC’s holdings in Evans Bancorp were worth $833,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Ritholtz Wealth Management purchased a new position in shares of Evans Bancorp during the third quarter valued at approximately $218,000. Prime Capital Investment Advisors LLC bought a new position in shares of Evans Bancorp during the 3rd quarter valued at approximately $251,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Evans Bancorp during the 2nd quarter valued at $204,000. Squarepoint Ops LLC purchased a new position in shares of Evans Bancorp in the second quarter valued at about $237,000. Finally, American Century Companies Inc. bought a new position in Evans Bancorp in the 2nd quarter worth approximately $337,000. Institutional investors own 67.10% of the company’s stock.

Evans Bancorp Trading Down 0.3 %

EVBN stock opened at $43.30 on Thursday. The firm has a market capitalization of $239.88 million, a price-to-earnings ratio of 13.00 and a beta of 0.92. Evans Bancorp, Inc. has a twelve month low of $24.07 and a twelve month high of $46.21. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.99 and a current ratio of 0.99.

Evans Bancorp (NYSEAMERICAN:EVBN) last issued its quarterly earnings data on Thursday, October 31st. The bank reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.13. Evans Bancorp had a net margin of 13.80% and a return on equity of 10.27%. The company had revenue of $31.69 million for the quarter.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. StockNews.com initiated coverage on Evans Bancorp in a research note on Wednesday, December 25th. They set a “hold” rating for the company. Keefe, Bruyette & Woods raised their price objective on Evans Bancorp from $42.32 to $45.50 and gave the company a “market perform” rating in a research note on Friday, November 1st.

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.