Prime Capital Investment Advisors LLC Takes $251,000 Position in Evans Bancorp, Inc. (NYSEAMERICAN:EVBN)

Prime Capital Investment Advisors LLC bought a new stake in shares of Evans Bancorp, Inc. (NYSEAMERICAN:EVBN) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,438 shares of the bank’s stock, valued at approximately $251,000. Prime Capital Investment Advisors LLC owned 0.12% of Evans Bancorp as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of EVBN. BNP Paribas Financial Markets grew its position in shares of Evans Bancorp by 78.1% during the 1st quarter. BNP Paribas Financial Markets now owns 2,624 shares of the bank’s stock valued at $78,000 after acquiring an additional 1,151 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in Evans Bancorp in the 2nd quarter worth approximately $204,000. Ritholtz Wealth Management bought a new position in Evans Bancorp in the 3rd quarter worth approximately $218,000. Squarepoint Ops LLC bought a new position in Evans Bancorp in the 2nd quarter worth approximately $237,000. Finally, American Century Companies Inc. bought a new position in Evans Bancorp in the 2nd quarter worth approximately $337,000. 67.10% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

EVBN has been the subject of several analyst reports. StockNews.com initiated coverage on shares of Evans Bancorp in a report on Wednesday, November 13th. They issued a “hold” rating for the company. Keefe, Bruyette & Woods increased their target price on shares of Evans Bancorp from $42.32 to $45.50 and gave the stock a “market perform” rating in a research note on Friday, November 1st.

Evans Bancorp Stock Performance

Evans Bancorp stock opened at $43.28 on Monday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.98 and a current ratio of 0.99. The firm has a market cap of $239.77 million, a PE ratio of 13.00 and a beta of 0.91. Evans Bancorp, Inc. has a fifty-two week low of $24.07 and a fifty-two week high of $45.43.

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

Evans Bancorp Announces Dividend

The company also recently declared a semi-annual dividend, which was paid on Thursday, October 10th. Shareholders of record on Thursday, September 12th were issued a $0.66 dividend. This represents a yield of 3.9%. The ex-dividend date of this dividend was Thursday, September 12th. Evans Bancorp’s dividend payout ratio (DPR) is presently 39.64%.

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.