Susquehanna International Group LLP Grows Stock Holdings in Evans Bancorp Inc (NYSE:EVBN)

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

Several other large investors have also recently bought and sold shares of the business. PL Capital Advisors LLC lifted 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 buying an additional 25,877,406 shares during the last quarter. Chicago Capital Management LLC purchased a new stake in Evans Bancorp in the fourth quarter valued at $8,475,000. Dimensional Fund Advisors LP boosted its stake in Evans Bancorp by 11.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 173,234 shares of the company's stock valued at $7,501,000 after acquiring an additional 18,233 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Evans Bancorp by 89.7% during the fourth quarter. American Century Companies Inc. now owns 69,408 shares of the company's stock worth $3,005,000 after purchasing an additional 32,822 shares during the last quarter. Finally, ABC Arbitrage SA acquired a new stake in shares of Evans Bancorp during the fourth quarter worth about $2,417,000. Hedge funds and other institutional investors own 67.10% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Evans Bancorp in a research report on Sunday. They set a "hold" rating on the stock.

Check Out Our Latest Stock Report on EVBN

Evans Bancorp Price Performance

Shares of Evans Bancorp stock opened at $39.53 on Friday. The firm has a market cap of $220.06 million, a PE ratio of 18.39 and a beta of 0.71. The firm has a fifty day simple moving average of $38.46. 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 12 month low of $24.80 and a 12 month high of $46.21.

Evans Bancorp Dividend Announcement

The firm also recently announced a semi-annual dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 13th were issued 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 payout ratio is 61.40%.

Insider Transactions at Evans Bancorp

In related news, CEO David J. Nasca sold 1,434 shares of the business's stock in a transaction dated Thursday, March 13th. The stock was 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 $4,052,967.11. The trade was a 1.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 6.34% of the company's 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.

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