Schonfeld Strategic Advisors LLC Purchases New Position in Evans Bancorp Inc (NYSE:EVBN)

Schonfeld Strategic Advisors LLC bought a new position in Evans Bancorp Inc (NYSE:EVBN) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 8,060 shares of the company’s stock, valued at approximately $349,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. PL Capital Advisors LLC raised its position in shares of Evans Bancorp by 4,230.0% during the 4th quarter. PL Capital Advisors LLC now owns 26,489,165 shares of the company’s stock valued at $1,146,981,000 after buying an additional 25,877,406 shares in the last quarter. Chicago Capital Management LLC purchased a new stake in shares of Evans Bancorp during the 4th quarter valued at $8,475,000. Dimensional Fund Advisors LP raised its position in shares of Evans Bancorp by 11.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 173,234 shares of the company’s stock valued at $7,501,000 after buying an additional 18,233 shares in the last quarter. Credit Industriel ET Commercial purchased a new stake in shares of Evans Bancorp during the 4th quarter valued at $5,257,000. Finally, Susquehanna International Group LLP raised its position in shares of Evans Bancorp by 267.3% during the 4th quarter. Susquehanna International Group LLP now owns 113,973 shares of the company’s stock valued at $4,935,000 after buying an additional 82,947 shares in the last quarter. 67.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Evans Bancorp in a research report on Monday. They set a “hold” rating on the stock.

Insider Activity at Evans Bancorp

In other Evans Bancorp news, CEO David J. Nasca sold 1,434 shares of the firm’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $38.81, for a total value of $55,653.54. Following the sale, the chief executive officer now owns 104,431 shares of the company’s stock, valued at $4,052,967.11. This trade represents a 1.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 6.34% of the stock is owned by insiders.

Evans Bancorp Stock Performance

EVBN stock opened at $39.53 on Monday. 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 52 week low of $24.80 and a 52 week high of $46.21. The firm’s fifty day simple moving average is $38.15. The company has a market cap of $220.06 million, a price-to-earnings ratio of 18.39 and a beta of 0.71.

Evans Bancorp Dividend Announcement

The firm also recently announced a semi-annual dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 13th were issued a dividend of $0.66 per share. This represents a dividend yield of 3.1%. The ex-dividend date was Thursday, March 13th. Evans Bancorp’s dividend payout ratio is currently 61.40%.

Evans Bancorp Profile

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.