Short Interest in Evans Bancorp, Inc. (NYSEAMERICAN:EVBN) Declines By 28.2%

Evans Bancorp, Inc. (NYSEAMERICAN:EVBN) was the recipient of a significant decline in short interest in February. As of February 28th, there was short interest totalling 12,700 shares, a decline of 28.2% from the February 13th total of 17,700 shares. Based on an average trading volume of 25,500 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.2% of the shares of the stock are short sold.

Evans Bancorp Stock Performance

EVBN traded up $0.58 during trading on Friday, reaching $39.01. The company had a trading volume of 15,913 shares, compared to its average volume of 30,612. The company has a 50-day moving average of $43.44. The firm has a market capitalization of $216.12 million, a P/E ratio of 11.71 and a beta of 0.92. Evans Bancorp has a 12-month low of $24.07 and a 12-month high of $46.21. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.86.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Evans Bancorp in a research report on Wednesday, January 8th. They issued a “hold” rating on the stock.

Hedge Funds Weigh In On Evans Bancorp

A number of institutional investors have recently bought and sold shares of the stock. Prime Capital Investment Advisors LLC purchased a new position in Evans Bancorp during the 3rd quarter valued at about $251,000. JPMorgan Chase & Co. grew its stake in Evans Bancorp by 18.9% during 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 in the last quarter. Stifel Financial Corp purchased a new position in Evans Bancorp during the 3rd quarter valued at about $556,000. Barclays PLC grew its stake in Evans Bancorp by 47.7% during the 3rd quarter. Barclays PLC now owns 16,163 shares of the bank’s stock valued at $630,000 after acquiring an additional 5,218 shares in the last quarter. Finally, De Lisle Partners LLP grew its stake in Evans Bancorp by 30.3% during the 3rd quarter. De Lisle Partners LLP now owns 46,943 shares of the bank’s stock valued at $1,829,000 after acquiring an additional 10,908 shares in the last quarter. Hedge funds and other institutional investors own 67.10% of the company’s stock.

About Evans Bancorp

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.