15,180 Shares in Evans Bancorp Inc (NYSE:EVBN) Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp purchased a new stake in shares of Evans Bancorp Inc (NYSE:EVBN) during the fourth quarter, Holdings Channel.com reports. The firm purchased 15,180 shares of the company’s stock, valued at approximately $657,000.

Separately, Ritholtz Wealth Management boosted its stake in shares of Evans Bancorp by 25.3% in the 4th quarter. Ritholtz Wealth Management now owns 7,022 shares of the company’s stock valued at $304,000 after purchasing an additional 1,417 shares in the last quarter. Institutional investors own 67.10% of the company’s stock.

Evans Bancorp Trading Down 0.7 %

Shares of NYSE:EVBN opened at $39.40 on Thursday. The company has a market capitalization of $219.34 million, a PE ratio of 18.33 and a beta of 0.97. The company’s 50-day moving average is $42.19. 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 Inc has a 12-month low of $24.07 and a 12-month high of $46.21.

Evans Bancorp Dividend Announcement

The business also recently declared a semi-annual dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 13th will be given a dividend of $0.66 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a yield of 3.1%. Evans Bancorp’s payout ratio is 61.40%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Evans Bancorp in a research report on Tuesday. They issued a “hold” rating on the stock.

Insiders Place Their Bets

In other Evans Bancorp news, CEO David J. Nasca sold 1,434 shares of the business’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $38.81, for a total value of $55,653.54. Following the transaction, the chief executive officer now owns 104,431 shares in the company, valued at approximately $4,052,967.11. The trade was a 1.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 6.34% of the company’s stock.

Evans Bancorp Company 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.