StockNews.com Begins Coverage on Evans Bancorp (NYSE:EVBN)

Research analysts at StockNews.com started coverage on shares of Evans Bancorp (NYSE:EVBN) in a research note issued on Thursday. The brokerage set a “hold” rating on the stock.

Evans Bancorp Stock Performance

EVBN opened at $43.84 on Thursday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market cap of $242.92 million, a P/E ratio of 20.39 and a beta of 0.92. Evans Bancorp has a 1 year low of $24.07 and a 1 year high of $46.21.

Institutional Trading of Evans Bancorp

Large investors have recently bought and sold shares of the company. Barclays PLC boosted its stake in Evans Bancorp by 1.7% during the fourth quarter. Barclays PLC now owns 16,438 shares of the company’s stock worth $712,000 after acquiring an additional 275 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Evans Bancorp by 68,200.0% during the fourth quarter. Wells Fargo & Company MN now owns 683 shares of the company’s stock valued at $30,000 after purchasing an additional 682 shares during the last quarter. Northern Trust Corp boosted its position in shares of Evans Bancorp by 7.8% in the 4th quarter. Northern Trust Corp now owns 11,495 shares of the company’s stock worth $498,000 after purchasing an additional 832 shares in the last quarter. Ritholtz Wealth Management grew 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 worth $304,000 after buying an additional 1,417 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in Evans Bancorp by 8.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 24,362 shares of the company’s stock valued at $1,055,000 after buying an additional 1,817 shares in the last quarter. 67.10% of the stock is owned by institutional investors.

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.