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

Evans Bancorp, Inc. (NYSEAMERICAN:EVBN) was the target of a significant 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 company’s shares are short sold.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Oddo BHF Asset Management Sas bought a new stake in shares of Evans Bancorp in the third quarter worth about $5,599,000. JPMorgan Chase & Co. grew its position in shares of 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. Barclays PLC increased its stake 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 purchasing an additional 5,218 shares in the last quarter. Stifel Financial Corp acquired a new stake in Evans Bancorp during the 3rd quarter worth approximately $556,000. Finally, Geode Capital Management LLC lifted its stake in Evans Bancorp by 6.9% in the third quarter. Geode Capital Management LLC now owns 55,786 shares of the bank’s stock valued at $2,175,000 after buying an additional 3,583 shares in the last quarter. Institutional investors and hedge funds own 67.10% of the company’s stock.

Analyst Ratings Changes

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

Evans Bancorp Trading Up 1.0 %

Shares of EVBN stock traded up $0.40 on Monday, reaching $39.41. The company had a trading volume of 20,870 shares, compared to its average volume of 30,573. The firm has a market capitalization of $218.33 million, a PE ratio of 11.83 and a beta of 0.92. The stock’s 50-day simple moving average is $43.44. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.86. Evans Bancorp has a 12 month low of $24.07 and a 12 month high of $46.21.

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.