Evans Bancorp, Inc. (NYSEAMERICAN:EVBN) Shares Sold by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. cut its holdings in Evans Bancorp, Inc. (NYSEAMERICAN:EVBN) by 28.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,187 shares of the bank’s stock after selling 2,082 shares during the period. Point72 Asia Singapore Pte. Ltd. owned 0.09% of Evans Bancorp worth $202,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in EVBN. Ritholtz Wealth Management acquired a new position in Evans Bancorp in the third quarter valued at approximately $218,000. Squarepoint Ops LLC purchased a new stake in Evans Bancorp in the second quarter valued at approximately $237,000. Prime Capital Investment Advisors LLC purchased a new stake in Evans Bancorp in the third quarter valued at approximately $251,000. American Century Companies Inc. purchased a new stake in Evans Bancorp in the second quarter valued at approximately $337,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in Evans Bancorp in the second quarter valued at approximately $500,000. 67.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. StockNews.com assumed coverage on Evans Bancorp in a research report on Sunday. They set a “hold” rating on the stock. Keefe, Bruyette & Woods upped their price objective 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.

Evans Bancorp Trading Up 1.4 %

Shares of EVBN opened at $44.35 on Thursday. Evans Bancorp, Inc. has a fifty-two week low of $24.07 and a fifty-two week high of $46.00. The stock has a market cap of $245.70 million, a PE ratio of 13.32 and a beta of 0.92. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.99 and a quick ratio of 0.99.

Evans Bancorp (NYSEAMERICAN:EVBN) last announced its earnings results on Thursday, October 31st. The bank reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.13. Evans Bancorp had a net margin of 13.80% and a return on equity of 10.27%. The business had revenue of $31.69 million during the quarter.

Evans Bancorp 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.