Oddo BHF Asset Management Sas Takes Position in Evans Bancorp, Inc. (NYSEAMERICAN:EVBN)

Oddo BHF Asset Management Sas purchased a new stake in shares of Evans Bancorp, Inc. (NYSEAMERICAN:EVBN) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 143,676 shares of the bank’s stock, valued at approximately $5,599,000. Oddo BHF Asset Management Sas owned approximately 2.59% of Evans Bancorp as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Evans Bancorp by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 281,299 shares of the bank’s stock valued at $8,400,000 after purchasing an additional 1,620 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Evans Bancorp by 6.9% in the 3rd 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. Barclays PLC lifted its position in Evans Bancorp by 47.7% during the 3rd quarter. Barclays PLC now owns 16,163 shares of the bank’s stock worth $630,000 after acquiring an additional 5,218 shares during the last quarter. Ritholtz Wealth Management acquired a new position in Evans Bancorp during the 3rd quarter worth $218,000. Finally, Prime Capital Investment Advisors LLC acquired a new position in Evans Bancorp during the 3rd quarter worth $251,000. 67.10% of the stock is currently owned by hedge funds and other institutional investors.

Evans Bancorp Stock Down 0.8 %

Shares of Evans Bancorp stock opened at $45.20 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.86. The stock has a market cap of $250.41 million, a price-to-earnings ratio of 13.69 and a beta of 0.92. Evans Bancorp, Inc. has a 1-year low of $24.07 and a 1-year high of $46.21.

Evans Bancorp (NYSEAMERICAN:EVBN) last released its quarterly earnings results on Thursday, October 31st. The bank reported $0.53 EPS for the quarter, beating 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 for the quarter.

Wall Street Analyst Weigh In

A number of research firms have weighed in on EVBN. Keefe, Bruyette & Woods boosted their target price on shares of 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 began coverage on shares of Evans Bancorp in a research report on Friday. They set a “hold” rating for the company.

About Evans Bancorp

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.