Evans Bancorp Inc. (EVBN) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. raised its position in Evans Bancorp Inc. (NYSEAMERICAN:EVBN) by 11.5% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 103,772 shares of the bank’s stock after acquiring an additional 10,729 shares during the period. Vanguard Group Inc. owned approximately 2.13% of Evans Bancorp worth $4,145,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in EVBN. Nationwide Fund Advisors bought a new position in shares of Evans Bancorp in the second quarter valued at approximately $101,000. New York State Common Retirement Fund bought a new position in shares of Evans Bancorp in the second quarter valued at approximately $200,000. Schwab Charles Investment Management Inc. bought a new stake in Evans Bancorp during the second quarter worth $316,000. Teachers Advisors LLC bought a new stake in Evans Bancorp during the second quarter worth $324,000. Finally, TIAA CREF Investment Management LLC bought a new stake in Evans Bancorp during the second quarter worth $490,000.

Shares of Evans Bancorp Inc. (NYSEAMERICAN:EVBN) traded down $1.75 during midday trading on Tuesday, hitting $41.45. The stock had a trading volume of 800 shares, compared to its average volume of 11,061. Evans Bancorp Inc. has a one year low of $30.20 and a one year high of $47.08.

Evans Bancorp (NYSEAMERICAN:EVBN) last posted its earnings results on Monday, October 30th. The bank reported $0.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.10. Evans Bancorp had a return on equity of 12.81% and a net margin of 25.75%. The business had revenue of $14.46 million during the quarter.

Separately, Hovde Group lowered Evans Bancorp from an “outperform” rating to a “market perform” rating and boosted their target price for the company from $45.00 to $48.00 in a research note on Friday, September 29th.

TRADEMARK VIOLATION WARNING: This news story was originally posted by Week Herald and is the property of of Week Herald. If you are viewing this news story on another website, it was copied illegally and republished in violation of US & international trademark and copyright laws. The correct version of this news story can be accessed at https://weekherald.com/2017/12/12/vanguard-group-inc-acquires-10729-shares-of-evans-bancorp-inc-evbn.html.

Evans Bancorp Profile

Evans Bancorp, Inc is a financial holding company. The Company conducts its business through its subsidiaries, such as Evans Bank, N.A. (the Bank), which provides a range of banking services to consumer and commercial customers in Western New York, and Evans National Financial Services, LLC (ENFS), which hold interests in The Evans Agency, LLC (TEA), which sells various premium-based insurance policies on a commission basis.

Institutional Ownership by Quarter for Evans Bancorp (NYSEAMERICAN:EVBN)

Receive News & Ratings for Evans Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Evans Bancorp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply