PL Capital Advisors LLC Grows Holdings in Evans Bancorp, Inc. (NYSEAMERICAN:EVBN)

PL Capital Advisors LLC increased its stake in Evans Bancorp, Inc. (NYSEAMERICAN:EVBN) by 1.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 611,759 shares of the bank’s stock after acquiring an additional 6,680 shares during the period. Evans Bancorp accounts for approximately 8.0% of PL Capital Advisors LLC’s holdings, making the stock its 5th largest holding. PL Capital Advisors LLC owned approximately 0.11% of Evans Bancorp worth $23,840,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in EVBN. Endeavour Capital Advisors Inc. boosted its stake in Evans Bancorp by 56.6% during the second quarter. Endeavour Capital Advisors Inc. now owns 298,624 shares of the bank’s stock valued at $8,394,000 after buying an additional 107,954 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Evans Bancorp in the 2nd quarter valued at about $500,000. American Century Companies Inc. bought a new position in shares of Evans Bancorp during the 2nd quarter valued at about $337,000. Squarepoint Ops LLC acquired a new position in shares of Evans Bancorp in the 2nd quarter worth approximately $237,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Evans Bancorp in the 2nd quarter worth approximately $204,000. Institutional investors and hedge funds own 67.10% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. StockNews.com started coverage on shares of Evans Bancorp in a report on Friday. They set a “hold” rating for the company. Keefe, Bruyette & Woods lifted their target price on Evans Bancorp from $42.32 to $45.50 and gave the stock a “market perform” rating in a report on Friday.

Evans Bancorp Stock Down 0.7 %

EVBN stock opened at $39.54 on Friday. The stock has a market cap of $218.66 million, a price-to-earnings ratio of 11.96 and a beta of 0.91. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.90. Evans Bancorp, Inc. has a one year low of $24.07 and a one year high of $41.18.

Evans Bancorp Announces Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, October 10th. Investors of record on Thursday, September 12th were paid a $0.66 dividend. This represents a yield of 3.9%. The ex-dividend date of this dividend was Thursday, September 12th. Evans Bancorp’s dividend payout ratio is 39.64%.

About Evans Bancorp

Evans Bancorp, Inc primarily operates as financial holding company for Evans Bank, N.A. that provides a range of banking products and services to consumer and commercial customers in the United States. The company offers deposit products, which include checking and negotiable order of withdrawal accounts, savings accounts, and certificates of deposit.