Envestnet Asset Management Inc. Acquires 555 Shares of Evans Bancorp, Inc. (NYSEAMERICAN:EVBN)

Envestnet Asset Management Inc. increased its holdings in shares of Evans Bancorp, Inc. (NYSEAMERICAN:EVBNGet Rating) by 1.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 36,609 shares of the bank’s stock after buying an additional 555 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Evans Bancorp were worth $1,244,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of EVBN. Royal Bank of Canada raised its position in Evans Bancorp by 6.4% in the first quarter. Royal Bank of Canada now owns 4,563 shares of the bank’s stock valued at $174,000 after purchasing an additional 276 shares during the last quarter. Parallel Advisors LLC raised its position in Evans Bancorp by 6.3% in the second quarter. Parallel Advisors LLC now owns 6,750 shares of the bank’s stock valued at $229,000 after purchasing an additional 400 shares during the last quarter. Advisor Group Holdings Inc. raised its position in Evans Bancorp by 9.8% in the first quarter. Advisor Group Holdings Inc. now owns 6,509 shares of the bank’s stock valued at $248,000 after purchasing an additional 582 shares during the last quarter. First Bank & Trust raised its position in Evans Bancorp by 5.5% in the second quarter. First Bank & Trust now owns 10,943 shares of the bank’s stock valued at $372,000 after purchasing an additional 566 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in Evans Bancorp by 36.2% in the first quarter. Renaissance Technologies LLC now owns 10,283 shares of the bank’s stock valued at $391,000 after purchasing an additional 2,734 shares during the last quarter. 54.07% of the stock is currently owned by institutional investors.

Evans Bancorp Price Performance

Shares of EVBN stock opened at $38.05 on Wednesday. The stock has a market capitalization of $209.81 million, a PE ratio of 8.71 and a beta of 1.07. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.17. Evans Bancorp, Inc. has a 1-year low of $32.53 and a 1-year high of $44.47.

Evans Bancorp (NYSEAMERICAN:EVBNGet Rating) last issued its quarterly earnings results on Wednesday, October 26th. The bank reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.12 by ($0.06). The company had revenue of $24.96 million during the quarter, compared to analyst estimates of $25.00 million. Evans Bancorp had a net margin of 24.93% and a return on equity of 13.83%. Research analysts expect that Evans Bancorp, Inc. will post 3.52 earnings per share for the current year.

Insider Activity

In other Evans Bancorp news, Director Kevin D. Maroney sold 1,384 shares of the stock in a transaction that occurred on Friday, November 4th. The stock was sold at an average price of $36.62, for a total value of $50,682.08. Following the transaction, the director now owns 10,440 shares in the company, valued at $382,312.80. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 6.39% of the company’s stock.

Evans Bancorp Profile

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Evans Bancorp, Inc primarily operates as the financial holding company for Evans Bank, N.A. that provides a range of banking products and services to consumer and commercial customers in Western New York and the Finger Lakes Region of New York State. It operates in two segments, Banking Activities and Insurance Agency Activities.

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Institutional Ownership by Quarter for Evans Bancorp (NYSEAMERICAN:EVBN)

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