Evans Bancorp (NYSEAMERICAN:EVBN) Share Price Passes Below Fifty Day Moving Average – Here’s What Happened

Shares of Evans Bancorp, Inc. (NYSEAMERICAN:EVBN) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $42.71 and traded as low as $39.21. Evans Bancorp shares last traded at $39.56, with a volume of 23,182 shares trading hands.

Wall Street Analysts Forecast Growth

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

Evans Bancorp Trading Down 2.0 %

The company has a market capitalization of $214.68 million, a PE ratio of 11.64 and a beta of 0.92. The business has a fifty day moving average of $42.60. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.86.

Institutional Trading of Evans Bancorp

Several institutional investors have recently made changes to their positions in EVBN. JPMorgan Chase & Co. grew its holdings in shares of Evans Bancorp by 18.9% in the third quarter. JPMorgan Chase & Co. now owns 9,503 shares of the bank’s stock valued at $370,000 after acquiring an additional 1,511 shares in the last quarter. 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. Geode Capital Management LLC raised its stake in shares of Evans Bancorp by 6.9% during the 3rd quarter. Geode Capital Management LLC now owns 55,786 shares of the bank’s stock worth $2,175,000 after purchasing an additional 3,583 shares during the period. Finally, Oddo BHF Asset Management Sas bought a new stake in shares of Evans Bancorp during the 3rd quarter worth $5,599,000. Institutional investors own 67.10% of the company’s stock.

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.