Evans Bancorp Inc (NYSE:EVBN) Stock Holdings Lowered by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC decreased its holdings in Evans Bancorp Inc (NYSE:EVBN) by 27.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 17,400 shares of the company’s stock after selling 6,450 shares during the quarter. Bridgeway Capital Management LLC owned 0.31% of Evans Bancorp worth $753,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. PL Capital Advisors LLC grew its position in Evans Bancorp by 4,230.0% during the fourth quarter. PL Capital Advisors LLC now owns 26,489,165 shares of the company’s stock valued at $1,146,981,000 after purchasing an additional 25,877,406 shares in the last quarter. Chicago Capital Management LLC acquired a new position in shares of Evans Bancorp in the fourth quarter worth $8,475,000. Dimensional Fund Advisors LP boosted its position in Evans Bancorp by 11.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 173,234 shares of the company’s stock valued at $7,501,000 after purchasing an additional 18,233 shares during the last quarter. Credit Industriel ET Commercial purchased a new position in Evans Bancorp in the fourth quarter valued at about $5,257,000. Finally, Susquehanna International Group LLP raised its stake 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 worth $4,935,000 after purchasing an additional 82,947 shares in the last quarter. Institutional investors and hedge funds own 67.10% of the company’s stock.

Evans Bancorp Price Performance

Shares of NYSE:EVBN opened at $39.53 on Monday. The firm has a market capitalization of $220.06 million, a PE ratio of 18.39 and a beta of 0.71. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.86. The business has a 50-day moving average of $38.15. Evans Bancorp Inc has a fifty-two week low of $24.80 and a fifty-two week high of $46.21.

Evans Bancorp Dividend Announcement

The company also recently declared a semi-annual dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 13th were given a $0.66 dividend. This represents a dividend yield of 3.1%. The ex-dividend date of this dividend was Thursday, March 13th. Evans Bancorp’s dividend payout ratio is 61.40%.

Analyst Ratings Changes

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

Insider Buying and Selling

In other news, CEO David J. Nasca sold 1,434 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $38.81, for a total transaction of $55,653.54. Following the completion of the transaction, the chief executive officer now directly owns 104,431 shares in the company, valued at $4,052,967.11. The trade was a 1.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.34% of the stock is owned by insiders.

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.