Jefferies Financial Group Inc. Takes $364,000 Position in Evans Bancorp Inc (NYSE:EVBN)

Jefferies Financial Group Inc. purchased a new stake in Evans Bancorp Inc (NYSE:EVBN) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 8,406 shares of the company’s stock, valued at approximately $364,000. Jefferies Financial Group Inc. owned approximately 0.15% of Evans Bancorp as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Wells Fargo & Company MN raised its holdings in shares of Evans Bancorp by 68,200.0% in the 4th quarter. Wells Fargo & Company MN now owns 683 shares of the company’s stock valued at $30,000 after purchasing an additional 682 shares in the last quarter. Legal & General Group Plc bought a new stake in shares of Evans Bancorp in the 4th quarter valued at about $95,000. XTX Topco Ltd bought a new stake in shares of Evans Bancorp in the 4th quarter valued at about $249,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of Evans Bancorp in the 4th quarter valued at about $349,000. Finally, Walleye Trading LLC bought a new position in shares of Evans Bancorp during the 4th quarter worth approximately $433,000. Institutional investors own 67.10% of the company’s stock.

Evans Bancorp Stock Up 2.4%

NYSE EVBN opened at $39.53 on Friday. 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 $220.06 million, a price-to-earnings ratio of 18.39 and a beta of 0.71. The stock’s 50 day moving average price is $38.15. Evans Bancorp Inc has a 52 week low of $24.80 and a 52 week high of $46.21.

Insider Buying and Selling

In related news, CEO David J. Nasca sold 1,434 shares of the business’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 completion of the transaction, the chief executive officer now owns 104,431 shares in the company, valued at $4,052,967.11. The trade was a 1.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 6.34% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, Wall Street Zen assumed coverage on shares of Evans Bancorp in a research note on Tuesday, May 20th. They set a “hold” rating for the company.

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.