Skandinaviska Enskilda Banken AB publ decreased its position in Evans Bancorp Inc (NYSE:EVBN – Free Report) by 1.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 27,000 shares of the company’s stock after selling 499 shares during the period. Skandinaviska Enskilda Banken AB publ owned about 0.49% of Evans Bancorp worth $1,173,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EVBN. Ritholtz Wealth Management lifted its holdings in shares of Evans Bancorp by 25.3% in the fourth 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. ABC Arbitrage SA purchased a new stake in Evans Bancorp in the 4th quarter worth about $2,417,000. Bank of New York Mellon Corp acquired a new stake in Evans Bancorp during the 4th quarter worth about $657,000. Finally, PL Capital Advisors LLC grew its stake in Evans Bancorp by 4,230.0% during the 4th quarter. PL Capital Advisors LLC now owns 26,489,165 shares of the company’s stock valued at $1,146,981,000 after acquiring an additional 25,877,406 shares in the last quarter. 67.10% of the stock is currently owned by hedge funds and other institutional investors.
Evans Bancorp Stock Up 1.0 %
Shares of NYSE:EVBN opened at $39.41 on Tuesday. The firm’s fifty day moving average is $42.62. 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. The firm has a market cap of $219.40 million, a price-to-earnings ratio of 18.33 and a beta of 0.97.
Evans Bancorp Announces Dividend
Insiders Place Their Bets
In related news, CEO David J. Nasca sold 1,434 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $38.81, for a total transaction of $55,653.54. Following the transaction, the chief executive officer now owns 104,431 shares of the company’s stock, valued at approximately $4,052,967.11. This trade represents a 1.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 6.34% of the company’s stock.
Wall Street Analyst Weigh In
Separately, StockNews.com assumed coverage on shares of Evans Bancorp in a report on Monday. They set a “hold” rating for the company.
View Our Latest Stock Report on EVBN
About Evans Bancorp
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.
Featured Articles
- Five stocks we like better than Evans Bancorp
- High Flyers: 3 Natural Gas Stocks for March 2022
- Can TikTok Stock Picks Really Make You Rich?
- The Role Economic Reports Play in a Successful Investment Strategy
- The “Quality” Rotation: Back to Basics Investing
- What is diluted earnings per share (Diluted EPS)?
- Occidental Petroleum: 4 Reasons to Love These Prices
Want to see what other hedge funds are holding EVBN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Evans Bancorp Inc (NYSE:EVBN – Free Report).
Receive News & Ratings for Evans Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Evans Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.