Barclays PLC Acquires 5,218 Shares of Evans Bancorp, Inc. (NYSEAMERICAN:EVBN)

Barclays PLC grew its stake in shares of Evans Bancorp, Inc. (NYSEAMERICAN:EVBN) by 47.7% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 16,163 shares of the bank’s stock after buying an additional 5,218 shares during the period. Barclays PLC’s holdings in Evans Bancorp were worth $630,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in EVBN. Endeavour Capital Advisors Inc. boosted its position in shares of Evans Bancorp by 56.6% during the 2nd quarter. Endeavour Capital Advisors Inc. now owns 298,624 shares of the bank’s stock valued at $8,394,000 after acquiring an additional 107,954 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in Evans Bancorp in the second quarter valued at $500,000. Stifel Financial Corp bought a new stake in shares of Evans Bancorp in the 3rd quarter worth about $556,000. American Century Companies Inc. bought a new position in Evans Bancorp during the 2nd quarter valued at about $337,000. Finally, Squarepoint Ops LLC acquired a new position in Evans Bancorp in the second quarter valued at about $237,000. Institutional investors own 67.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Keefe, Bruyette & Woods raised their price objective on shares of Evans Bancorp from $42.32 to $45.50 and gave the stock a “market perform” rating in a report on Friday, November 1st. StockNews.com began coverage on Evans Bancorp in a report on Wednesday, December 25th. They issued a “hold” rating for the company.

Evans Bancorp Stock Performance

Evans Bancorp stock opened at $43.30 on Thursday. The stock has a market cap of $239.88 million, a price-to-earnings ratio of 13.00 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, Inc. has a 1 year low of $24.07 and a 1 year high of $46.21.

Evans Bancorp (NYSEAMERICAN:EVBN) last posted its quarterly earnings results on Thursday, October 31st. The bank reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.13. Evans Bancorp had a return on equity of 10.27% and a net margin of 13.80%. The company had revenue of $31.69 million for the quarter.

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.