Rhumbline Advisers purchased a new position in Evans Bancorp Inc. (NYSEAMERICAN:EVBN) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,800 shares of the bank’s stock, valued at approximately $207,000. Rhumbline Advisers owned approximately 0.10% of Evans Bancorp at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Evans Bancorp by 11.5% during the second quarter. Vanguard Group Inc. now owns 103,772 shares of the bank’s stock worth $4,145,000 after buying an additional 10,729 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Evans Bancorp by 133.4% during the second quarter. Bank of New York Mellon Corp now owns 21,907 shares of the bank’s stock valued at $875,000 after purchasing an additional 12,519 shares during the last quarter. Northern Trust Corp boosted its position in Evans Bancorp by 570.0% during the second quarter. Northern Trust Corp now owns 46,601 shares of the bank’s stock valued at $1,861,000 after purchasing an additional 39,646 shares during the last quarter. Janus Henderson Group PLC acquired a new position in Evans Bancorp during the second quarter valued at approximately $5,853,000. Finally, TIAA CREF Investment Management LLC acquired a new position in Evans Bancorp during the second quarter valued at approximately $490,000.

Evans Bancorp Inc. (NYSEAMERICAN:EVBN) traded up $1.85 during trading hours on Friday, reaching $42.85. The company had a trading volume of 38,791 shares, compared to its average volume of 5,669. Evans Bancorp Inc. has a 1-year low of $30.20 and a 1-year high of $47.08.

Evans Bancorp (NYSEAMERICAN:EVBN) last released its quarterly earnings results on Monday, October 30th. The bank reported $0.76 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.10. Evans Bancorp had a return on equity of 12.81% and a net margin of 25.75%. The business had revenue of $14.46 million during the quarter.

Separately, Hovde Group cut Evans Bancorp from an “outperform” rating to a “market perform” rating and lifted their price target for the stock from $45.00 to $48.00 in a report on Friday, September 29th.

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Evans Bancorp Company Profile

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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Institutional Ownership by Quarter for Evans Bancorp (NYSEAMERICAN:EVBN)

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