Susquehanna International Group LLP Purchases 82,947 Shares of Evans Bancorp Inc (NYSE:EVBN)

Susquehanna International Group LLP boosted its stake in Evans Bancorp Inc (NYSE:EVBN - Free Report) by 267.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 113,973 shares of the company's stock after buying an additional 82,947 shares during the quarter. Susquehanna International Group LLP owned approximately 2.06% of Evans Bancorp worth $4,935,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Ritholtz Wealth Management grew its stake in Evans Bancorp by 25.3% in the 4th quarter. Ritholtz Wealth Management now owns 7,022 shares of the company's stock valued at $304,000 after buying an additional 1,417 shares during the last quarter. ABC Arbitrage SA bought a new position in shares of Evans Bancorp in the fourth quarter worth about $2,417,000. Bank of New York Mellon Corp bought a new stake in Evans Bancorp during the 4th quarter valued at approximately $657,000. PL Capital Advisors LLC lifted its holdings in shares of Evans Bancorp by 4,230.0% during the fourth quarter. PL Capital Advisors LLC now owns 26,489,165 shares of the company's stock worth $1,146,981,000 after buying an additional 25,877,406 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in shares of Evans Bancorp by 15.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 29,542 shares of the company's stock valued at $1,279,000 after acquiring an additional 3,921 shares during the period. Institutional investors and hedge funds own 67.10% of the company's stock.

Insider Activity

In related news, CEO David J. Nasca sold 1,434 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $38.81, for a total value of $55,653.54. Following the completion of the transaction, the chief executive officer now owns 104,431 shares of the company's stock, valued at $4,052,967.11. This represents a 1.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 6.34% of the company's stock.

Evans Bancorp Trading Up 2.4 %

EVBN traded up $0.93 on Wednesday, hitting $39.53. 34,406 shares of the stock traded hands, compared to its average volume of 23,069. The business has a fifty day moving average of $38.33. 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 Inc has a 52 week low of $24.80 and a 52 week high of $46.21. The company has a market cap of $220.06 million, a price-to-earnings ratio of 18.39 and a beta of 0.71.

Evans Bancorp Announces Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 13th were issued a $0.66 dividend. This represents a yield of 3.1%. The ex-dividend date of this dividend was Thursday, March 13th. Evans Bancorp's dividend payout ratio (DPR) is presently 61.40%.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Evans Bancorp in a report on Sunday. They issued a "hold" rating for the company.

Evans Bancorp 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.