FNY Managed Accounts LLC Buys Shares of 3,684 Evans Bancorp Inc. (EVBN)
FNY Managed Accounts LLC bought a new stake in Evans Bancorp Inc. (NYSEAMERICAN:EVBN) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 3,684 shares of the bank’s stock, valued at approximately $159,000. FNY Managed Accounts LLC owned about 0.08% of Evans Bancorp at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. The Manufacturers Life Insurance Company boosted its stake in Evans Bancorp by 1.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 352,240 shares of the bank’s stock worth $14,072,000 after purchasing an additional 4,447 shares during the period. Janus Henderson Group PLC acquired a new stake in shares of Evans Bancorp in the 2nd quarter worth $5,853,000. Vanguard Group Inc. lifted its stake in shares of Evans Bancorp by 11.5% in the 2nd quarter. Vanguard Group Inc. now owns 103,772 shares of the bank’s stock worth $4,145,000 after acquiring an additional 10,729 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Evans Bancorp by 10.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 70,352 shares of the bank’s stock worth $2,811,000 after acquiring an additional 6,816 shares during the period. Finally, Penn Capital Management Co. Inc. lifted its stake in shares of Evans Bancorp by 2.1% in the 2nd quarter. Penn Capital Management Co. Inc. now owns 65,167 shares of the bank’s stock worth $2,603,000 after acquiring an additional 1,316 shares during the period.
Evans Bancorp Inc. (NYSEAMERICAN EVBN) traded up $1.45 during mid-day trading on Monday, hitting $43.00. 5,400 shares of the stock traded hands, compared to its average volume of 11,185. Evans Bancorp Inc. has a one year low of $30.20 and a one year high of $47.08.
Evans Bancorp (NYSEAMERICAN:EVBN) last announced its quarterly earnings data on Monday, October 30th. The bank reported $0.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.10. Evans Bancorp had a net margin of 25.75% and a return on equity of 12.81%. The firm had revenue of $14.46 million during the quarter.
Separately, Hovde Group cut shares of Evans Bancorp from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $45.00 to $48.00 in a research note on Friday, September 29th.
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About Evans Bancorp
Evans Bancorp, Inc is a financial holding company. The Company conducts its business through its subsidiaries, such as Evans Bank, N.A. (the Bank), which provides a range of banking services to consumer and commercial customers in Western New York, and Evans National Financial Services, LLC (ENFS), which hold interests in The Evans Agency, LLC (TEA), which sells various premium-based insurance policies on a commission basis.
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