Evans Bancorp, Inc. (NYSEAMERICAN:EVBN) Short Interest Down 11.4% in January

Evans Bancorp, Inc. (NYSEAMERICAN:EVBN) was the target of a large decrease in short interest in January. As of January 31st, there was short interest totalling 19,400 shares, a decrease of 11.4% from the January 15th total of 21,900 shares. Based on an average daily trading volume, of 26,900 shares, the short-interest ratio is currently 0.7 days. Currently, 0.4% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

EVBN has been the subject of a number of research reports. Keefe, Bruyette & Woods raised their price target on shares of Evans Bancorp from $42.32 to $45.50 and gave the company a “market perform” rating in a report on Friday, November 1st. StockNews.com assumed coverage on Evans Bancorp in a research note on Wednesday, January 8th. They issued a “hold” rating for the company.

Evans Bancorp Stock Performance

Evans Bancorp stock traded up $0.10 during trading hours on Tuesday, reaching $43.94. 23,321 shares of the company’s stock traded hands, compared to its average volume of 22,485. Evans Bancorp has a fifty-two week low of $24.07 and a fifty-two week high of $46.21. The business’s 50 day moving average price is $43.71. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market cap of $243.43 million, a price-to-earnings ratio of 13.20 and a beta of 0.92.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Prime Capital Investment Advisors LLC acquired a new position in Evans Bancorp in the third quarter valued at about $251,000. JPMorgan Chase & Co. raised 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 acquiring an additional 1,511 shares during the period. Stifel Financial Corp acquired a new stake in shares of Evans Bancorp in the 3rd quarter valued at approximately $556,000. Barclays PLC boosted 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 acquiring an additional 5,218 shares during the last quarter. Finally, De Lisle Partners LLP grew its holdings in Evans Bancorp by 30.3% during the third quarter. De Lisle Partners LLP now owns 46,943 shares of the bank’s stock valued at $1,829,000 after purchasing an additional 10,908 shares during the period. 67.10% of the stock is currently owned by institutional investors.

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.