2 days Ago By ABMN Staff
Evans Bancorp, Inc. ( NYSEAMERICAN:EVBN – Get Free Report ) saw a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 87,200 shares, an increase of 8.
5% from the November 30th total of 80,400 shares. Based on an average trading volume of 32,300 shares, the days-to-cover ratio is presently 2.7 days.
Approximately 1.7% of the shares of the company are sold short. Analyst Ratings Changes Several research firms have recently commented on EVBN.
Keefe, Bruyette & Woods upped their price objective on Evans Bancorp from $42.32 to $45.50 and gave the stock a “market perform” rating in a research note on Friday, November 1st.
StockNews.com initiated coverage on Evans Bancorp in a research report on Wednesday, December 25th. They issued a “hold” rating for the company.
View Our Latest Analysis on EVBN Evans Bancorp Stock Down 0.3 % Evans Bancorp ( NYSEAMERICAN:EVBN – Get Free Report ) last posted its earnings results on Thursday, October 31st. The bank reported $0.
53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.13.
The firm had revenue of $31.69 million during the quarter. Evans Bancorp had a net margin of 13.
80% and a return on equity of 10.27%. Hedge Funds Weigh In On Evans Bancorp Several large investors have recently modified their holdings of EVBN.
JPMorgan Chase & Co. boosted its stake in shares of Evans Bancorp by 18.9% during the 3rd quarter.
JPMorgan Chase & Co. now owns 9,503 shares of the bank’s stock worth $370,000 after purchasing an additional 1,511 shares during the period. Geode Capital Management LLC boosted its position in shares of Evans Bancorp by 6.
9% during the third quarter. Geode Capital Management LLC now owns 55,786 shares of the bank’s stock valued at $2,175,000 after buying an additional 3,583 shares during the period. Barclays PLC grew its stake in shares of Evans Bancorp by 47.
7% during the third quarter. Barclays PLC now owns 16,163 shares of the bank’s stock valued at $630,000 after buying an additional 5,218 shares during the last quarter. Ritholtz Wealth Management bought a new position in shares of Evans Bancorp during the third quarter valued at approximately $218,000.
Finally, Prime Capital Investment Advisors LLC purchased a new stake in shares of Evans Bancorp in the third quarter worth approximately $251,000. Institutional investors own 67.10% of the company’s stock.
Evans Bancorp Company Profile ( Get Free Report ) 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. See Also Receive News & Ratings for Evans Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Evans Bancorp and related companies with MarketBeat.com's FREE daily email newsletter .
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