Jefferies Financial Group Inc. Makes New $364,000 Investment in Evans Bancorp Inc (NYSE:EVBN)

Jefferies Financial Group Inc. purchased a new position in shares of Evans Bancorp Inc (NYSE:EVBN) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 8,406 shares of the company’s stock, valued at approximately $364,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Wells Fargo & Company MN boosted its stake in shares of Evans Bancorp by 68,200.0% during the 4th quarter. Wells Fargo & Company MN now owns 683 shares of the company’s stock worth $30,000 after acquiring an additional 682 shares during the last quarter. Legal & General Group Plc purchased a new position in shares of Evans Bancorp during the 4th quarter worth $95,000. XTX Topco Ltd purchased a new position in shares of Evans Bancorp during the 4th quarter worth $249,000. Ritholtz Wealth Management boosted its stake in shares of Evans Bancorp by 25.3% during the 4th quarter. Ritholtz Wealth Management now owns 7,022 shares of the company’s stock worth $304,000 after acquiring an additional 1,417 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC purchased a new position in shares of Evans Bancorp during the 4th quarter worth $349,000. Hedge funds and other institutional investors own 67.10% of the company’s stock.

Evans Bancorp Price Performance

Shares of Evans Bancorp stock opened at $39.53 on Friday. The stock’s fifty day simple moving average is $38.10. The stock has a market cap of $220.06 million, a PE ratio of 18.39 and a beta of 0.71. Evans Bancorp Inc has a 1-year low of $24.80 and a 1-year high of $46.21. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.86.

Evans Bancorp Dividend Announcement

The company also recently announced a semi-annual dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 13th were paid a dividend of $0.66 per share. This represents a dividend yield of 3.1%. The ex-dividend date was Thursday, March 13th. Evans Bancorp’s dividend payout ratio (DPR) is 61.40%.

Insider Activity at Evans Bancorp

In related news, CEO David J. Nasca sold 1,434 shares of Evans Bancorp stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $38.81, for a total transaction of $55,653.54. Following the transaction, the chief executive officer now owns 104,431 shares in the company, valued at approximately $4,052,967.11. The trade was a 1.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 6.34% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Evans Bancorp in a research note on Monday, May 12th. They set a “hold” rating on the stock.

Evans Bancorp Company 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.