Evans Bancorp (NYSE:EVBN) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Evans Bancorp (NYSE:EVBN) in a research note published on Thursday. The firm issued a hold rating on the stock.

Evans Bancorp Trading Up 0.6 %

Shares of NYSE EVBN opened at $43.81 on Thursday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $242.71 million, a PE ratio of 20.38 and a beta of 0.92. Evans Bancorp has a 52 week low of $24.07 and a 52 week high of $46.21.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wells Fargo & Company MN increased its holdings in shares of Evans Bancorp by 68,200.0% in 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. Legal & General Group Plc acquired a new stake in shares of Evans Bancorp in the 4th quarter worth $95,000. XTX Topco Ltd purchased a new position in shares of Evans Bancorp during the 4th quarter worth $249,000. Ritholtz Wealth Management boosted its position in shares of Evans Bancorp by 25.3% during the 4th quarter. Ritholtz Wealth Management now owns 7,022 shares of the company’s stock valued at $304,000 after acquiring an additional 1,417 shares during the last quarter. Finally, Walleye Trading LLC purchased a new stake in shares of Evans Bancorp in the fourth quarter valued at about $433,000. 67.10% of the stock is currently owned by institutional investors and hedge funds.

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.