Evans Bancorp, Inc. (NYSEAMERICAN:EVBN) Short Interest Down 28.2% in February

Evans Bancorp, Inc. (NYSEAMERICAN:EVBN) was the target of a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 12,700 shares, a decrease of 28.2% from the February 13th total of 17,700 shares. Based on an average daily trading volume, of 25,500 shares, the short-interest ratio is presently 0.5 days. Approximately 0.2% of the shares of the company are short sold.

Hedge Funds Weigh In On Evans Bancorp

Several institutional investors have recently bought and sold shares of the business. Oddo BHF Asset Management Sas bought a new position in Evans Bancorp in the 3rd quarter worth approximately $5,599,000. Stifel Financial Corp bought a new stake in shares of Evans Bancorp during the third quarter worth $556,000. De Lisle Partners LLP lifted its stake in shares of Evans Bancorp by 30.3% during the third quarter. De Lisle Partners LLP now owns 46,943 shares of the bank’s stock valued at $1,829,000 after acquiring an additional 10,908 shares during the period. Prime Capital Investment Advisors LLC bought a new position in Evans Bancorp in the third quarter valued at about $251,000. Finally, Barclays PLC increased its position in Evans Bancorp by 47.7% in 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 period. Institutional investors own 67.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Evans Bancorp in a research report on Wednesday, January 8th. They issued a “hold” rating on the stock.

Evans Bancorp Stock Performance

Shares of NYSEAMERICAN EVBN traded up $0.40 during mid-day trading on Monday, hitting $39.41. 20,870 shares of the stock were exchanged, compared to its average volume of 30,573. The firm has a market cap of $218.33 million, a P/E ratio of 11.83 and a beta of 0.92. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.99 and a current ratio of 0.99. Evans Bancorp has a twelve month low of $24.07 and a twelve month high of $46.21. The firm’s fifty day moving average price is $43.44.

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.