Evans Bancorp, Inc. (NYSEAMERICAN:EVBN) Short Interest Update

Evans Bancorp, Inc. (NYSEAMERICAN:EVBN) was the target of a significant decline in short interest in February. As of February 28th, there was short interest totalling 12,700 shares, a decline of 28.2% from the February 13th total of 17,700 shares. Based on an average daily volume of 25,500 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.2% of the company’s shares are short sold.

Hedge Funds Weigh In On Evans Bancorp

Large investors have recently bought and sold shares of the stock. Prime Capital Investment Advisors LLC bought a new position in shares of Evans Bancorp in the third quarter valued at approximately $251,000. JPMorgan Chase & Co. grew its stake in Evans Bancorp by 18.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,503 shares of the bank’s stock valued at $370,000 after purchasing an additional 1,511 shares during the period. Stifel Financial Corp bought a new position in Evans Bancorp in the 3rd quarter valued at $556,000. Barclays PLC increased its position in shares of Evans Bancorp by 47.7% during the 3rd quarter. Barclays PLC now owns 16,163 shares of the bank’s stock valued at $630,000 after purchasing an additional 5,218 shares during the last quarter. Finally, De Lisle Partners LLP boosted its holdings in shares of Evans Bancorp by 30.3% in the 3rd quarter. De Lisle Partners LLP now owns 46,943 shares of the bank’s stock worth $1,829,000 after buying an additional 10,908 shares during the last quarter. 67.10% of the stock is currently owned by institutional investors.

Evans Bancorp Price Performance

Shares of NYSEAMERICAN:EVBN traded down $0.06 during trading on Tuesday, reaching $39.35. 8,005 shares of the stock were exchanged, compared to its average volume of 25,505. Evans Bancorp has a 1-year low of $24.07 and a 1-year high of $46.21. The stock has a fifty day moving average price of $43.34. 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 stock has a market capitalization of $218.00 million, a price-to-earnings ratio of 11.82 and a beta of 0.92.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Evans Bancorp in a report on Wednesday, January 8th. They issued a “hold” rating for the company.

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.