Evans Bancorp, Inc. (NYSEAMERICAN:EVBN) Sees Large Growth in Short Interest

Evans Bancorp, Inc. (NYSEAMERICAN:EVBN) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 15,300 shares, an increase of 39.1% from the March 31st total of 11,000 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 24,100 shares, the short-interest ratio is currently 0.6 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in 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 acquiring an additional 1,511 shares during the last quarter. Geode Capital Management LLC lifted its holdings 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 worth $2,175,000 after purchasing an additional 3,583 shares during the period. Barclays PLC increased its holdings in Evans Bancorp by 47.7% in the third quarter. Barclays PLC now owns 16,163 shares of the bank’s stock valued at $630,000 after purchasing an additional 5,218 shares during the period. Finally, Oddo BHF Asset Management Sas acquired a new stake in Evans Bancorp in the third quarter valued at $5,599,000. 67.10% of the stock is currently owned by institutional investors.

Evans Bancorp Trading Up 2.4 %

Shares of Evans Bancorp stock opened at $39.53 on Friday. Evans Bancorp has a 1 year low of $24.80 and a 1 year 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. The firm has a market capitalization of $219.00 million, a PE ratio of 11.87 and a beta of 0.92. The firm’s 50 day moving average is $38.59 and its 200 day moving average is $39.97.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Evans Bancorp in a report on Wednesday, January 8th. They set a “hold” rating for the company.

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.