Evans Bancorp, Inc. (NYSEAMERICAN:EVBN) Short Interest Down 11.4% in January

Evans Bancorp, Inc. (NYSEAMERICAN:EVBN) was the target of a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 19,400 shares, a drop of 11.4% from the January 15th total of 21,900 shares. Based on an average daily trading volume, of 26,900 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.4% of the company’s shares are short sold.

Institutional Trading of Evans Bancorp

A number of institutional investors have recently modified their holdings of EVBN. PL Capital Advisors LLC raised its position in Evans Bancorp by 1.1% in the 3rd quarter. PL Capital Advisors LLC now owns 611,759 shares of the bank’s stock valued at $23,840,000 after buying an additional 6,680 shares during the last quarter. Oddo BHF Asset Management Sas bought a new position in shares of Evans Bancorp during the 3rd quarter worth approximately $5,599,000. Geode Capital Management LLC raised its holdings in shares of Evans Bancorp by 6.9% in the third quarter. Geode Capital Management LLC now owns 55,786 shares of the bank’s stock valued at $2,175,000 after purchasing an additional 3,583 shares during the last quarter. De Lisle Partners LLP lifted its position in shares of Evans Bancorp by 30.3% in the third quarter. De Lisle Partners LLP now owns 46,943 shares of the bank’s stock worth $1,829,000 after purchasing an additional 10,908 shares in the last quarter. Finally, Barclays PLC boosted its holdings in Evans Bancorp by 47.7% during the third quarter. Barclays PLC now owns 16,163 shares of the bank’s stock worth $630,000 after purchasing an additional 5,218 shares during the last quarter. 67.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on EVBN. Keefe, Bruyette & Woods raised their price target on Evans Bancorp from $42.32 to $45.50 and gave the stock a “market perform” rating in a research report on Friday, November 1st. StockNews.com started coverage on shares of Evans Bancorp in a report on Wednesday, January 8th. They set a “hold” rating on the stock.

Evans Bancorp Stock Performance

NYSEAMERICAN EVBN traded up $0.10 on Tuesday, reaching $43.94. The company had a trading volume of 23,321 shares, compared to its average volume of 22,485. The stock’s fifty day moving average price is $43.71. The firm has a market cap of $243.43 million, a price-to-earnings ratio of 13.20 and a beta of 0.92. 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 has a 1-year low of $24.07 and a 1-year high of $46.21.

Evans Bancorp Company Profile

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.