ABC Arbitrage SA Acquires New Stake in Evans Bancorp Inc (NYSE:EVBN)

ABC Arbitrage SA acquired a new stake in Evans Bancorp Inc (NYSE:EVBN) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 55,814 shares of the company’s stock, valued at approximately $2,417,000. ABC Arbitrage SA owned about 1.01% of Evans Bancorp as of its most recent filing with the SEC.

Separately, Ritholtz Wealth Management raised its stake in 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 during the last quarter. Institutional investors own 67.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Evans Bancorp in a report on Thursday. They issued a “hold” rating for the company.

Evans Bancorp Stock Performance

Shares of NYSE:EVBN opened at $43.84 on Friday. The firm has a market capitalization of $242.92 million, a price-to-earnings ratio of 20.39 and a beta of 0.92. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.99 and a quick ratio of 0.99. Evans Bancorp Inc has a 52-week low of $24.07 and a 52-week high of $46.21.

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.