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.
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.
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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.
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