Ownership Change to Note: Evans Bancorp Inc Stock Increased as Institutional Investors Enter

November 17, 2016 - By Linda Rogers   ·   0 Comments

Ownership Change to Note: Evans Bancorp Inc Stock Increased as Institutional Investors Enter

Sentiment for Evans Bancorp Inc (NYSEMKT:EVBN)

Evans Bancorp Inc (NYSEMKT:EVBN) institutional sentiment increased to 1.71 in 2016 Q2. Its up 0.54, from 1.17 in 2016Q1. The ratio is better, as 12 institutional investors increased or started new equity positions, while 7 sold and decreased stock positions in Evans Bancorp Inc. The institutional investors in our partner’s database now hold: 1.80 million shares, down from 1.86 million shares in 2016Q1. Also, the number of institutional investors holding Evans Bancorp Inc in their top 10 equity positions was flat from 1 to 1 for the same number . Sold All: 0 Reduced: 7 Increased: 10 New Position: 2.

Evans Bancorp, Inc. is a financial holding company. The company has a market cap of $122.54 million. The Firm conducts its business through its subsidiaries, such as Evans Bank, N.A. , which provides a range of banking services to consumer and commercial clients in Western New York, and Evans National Financial Services, LLC (ENFS), which hold interests in The Evans Agency, LLC (TEA), which sells various premium insurance policies on a commission basis. It has a 16.14 P/E ratio. The Bank operates through over 10 banking offices in Erie County and Chautauqua County, New York.

About 1,783 shares traded hands or 83.25% up from the average. Evans Bancorp Inc. (NYSEMKT:EVBN) has risen 18.07% since April 15, 2016 and is uptrending. It has outperformed by 13.45% the S&P500.

According to Zacks Investment Research, “Evans Bancorp, Inc. is a bank holding company and conducts its business through its wholly-owned subsidiary, Evans National Bank and the Bank’s wholly-owned subsidiaries, ENB Associates Inc. and M&W Agency, Inc. The principal business of the Company, is commercial banking and consists of, among other things, attracting deposits from the general public and using these funds to extend credit and to invest in securities. The Bank offers a variety of loan products to its customers including commercial loans, commercial and residential mortgage loans, and consumer loans.”

Jcsd Capital Llc holds 5.58% of its portfolio in Evans Bancorp Inc. for 206,222 shares. Castine Capital Management Llc owns 180,000 shares or 2.13% of their US portfolio. Moreover, Elizabeth Park Capital Advisors Ltd. has 1.16% invested in the company for 110,887 shares. The New York-based Maltese Capital Management Llc has invested 0.89% in the stock. Rmb Capital Management Llc, a Illinois-based fund reported 239,570 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 1 buying transaction, and 0 sales for $16,437 net activity.

EVBN Company Profile

Evans Bancorp, Inc., incorporated on October 28, 1988, is a financial holding company. The Firm conducts its business through its subsidiaries, such as Evans Bank, N.A. (the Bank), which provides a range of banking services to consumer and commercial clients in Western New York, and Evans National Financial Services, LLC (ENFS), which hold interests in The Evans Agency, LLC (TEA), which sells various premium insurance policies on a commission basis. The Bank operates through over 10 banking offices in Erie County and Chautauqua County, New York. ENFS owns the business and assets of the Company’s non-banking financial services subsidiaries. The Firm operates in two divisions, namely, banking activities and insurance agency activities.

More important recent Evans Bancorp Inc. (NYSEMKT:EVBN) news were published by: Businesswire.com which released: “Evans Bancorp, Inc. Names John R. O’Brien Board Chairman” on April 26, 2012, also Globenewswire.com published article titled: “Evans Bancorp, Inc. Names David R. Pfalzgraf, Jr. to Its Board of Directors”, Globenewswire.com published: “Evans Bancorp, Inc. Names Nora B. Sullivan to Its Board of Directors” on September 04, 2013. More interesting news about Evans Bancorp Inc. (NYSEMKT:EVBN) was released by: Bizjournals.com and their article: “Evans Bancorp looks within to fill CFO post” with publication date: November 30, 2015.

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By Linda Rogers


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