Susquehanna International Group LLP Has $4.94 Million Holdings in Evans Bancorp Inc (NYSE:EVBN)

Susquehanna International Group LLP raised its position in shares of Evans Bancorp Inc (NYSE:EVBN - Free Report) by 267.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,973 shares of the company's stock after acquiring an additional 82,947 shares during the period. Susquehanna International Group LLP owned approximately 2.06% of Evans Bancorp worth $4,935,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the business. Ritholtz Wealth Management increased its position in Evans Bancorp by 25.3% during 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 in the last quarter. ABC Arbitrage SA acquired a new position in Evans Bancorp in the 4th quarter worth about $2,417,000. Bank of New York Mellon Corp acquired a new stake in Evans Bancorp in the 4th quarter valued at $657,000. PL Capital Advisors LLC raised its position in shares of Evans Bancorp by 4,230.0% during the 4th quarter. PL Capital Advisors LLC now owns 26,489,165 shares of the company's stock worth $1,146,981,000 after purchasing an additional 25,877,406 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted 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 in the last quarter. 67.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Evans Bancorp

In related news, CEO David J. Nasca sold 1,434 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $38.81, for a total value 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. This trade represents a 1.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 6.34% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Evans Bancorp in a research report on Sunday, May 4th. They issued a "hold" rating for the company.

Evans Bancorp Trading Up 2.4 %

Shares of Evans Bancorp stock traded up $0.93 on Friday, hitting $39.53. The stock had a trading volume of 34,406 shares, compared to its average volume of 23,069. The firm has a market cap of $220.06 million, a PE ratio of 18.39 and a beta of 0.71. The business has a 50 day moving average price of $38.18. The company has a current ratio of 0.99, a quick 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.

Evans Bancorp Dividend Announcement

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

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.