Walleye Trading LLC Makes New Investment in Evans Bancorp Inc (NYSE:EVBN)

Walleye Trading LLC purchased a new stake in shares of Evans Bancorp Inc (NYSE:EVBN - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 10,000 shares of the company's stock, valued at approximately $433,000. Walleye Trading LLC owned 0.18% of Evans Bancorp as of its most recent SEC filing.

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

Evans Bancorp Stock Performance

EVBN stock traded up $0.39 during midday trading on Friday, reaching $38.94. 6,924 shares of the company traded hands, compared to its average volume of 23,280. The firm has a market cap of $216.78 million, a price-to-earnings ratio of 18.11 and a beta of 0.74. Evans Bancorp Inc has a 52-week low of $24.07 and a 52-week high of $46.21. The stock's 50 day simple moving average is $39.08. 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 Announces Dividend

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

Insider Buying and Selling

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 sale, the chief executive officer now directly owns 104,431 shares of the company's stock, valued at $4,052,967.11. This represents a 1.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.11% 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 report on Friday, April 18th. They set a "hold" rating on the stock.

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.