JCSD Capital LLC increased its position in Evans Bancorp Inc. (NYSEAMERICAN:EVBN) by 15.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 149,440 shares of the bank’s stock after purchasing an additional 20,128 shares during the quarter. Evans Bancorp makes up about 4.5% of JCSD Capital LLC’s investment portfolio, making the stock its 5th largest holding. JCSD Capital LLC owned about 3.10% of Evans Bancorp worth $7,016,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rhumbline Advisers purchased a new position in shares of Evans Bancorp in the 2nd quarter valued at approximately $212,000. LSV Asset Management raised its stake in Evans Bancorp by 93.5% during the second quarter. LSV Asset Management now owns 5,200 shares of the bank’s stock valued at $239,000 after buying an additional 2,513 shares during the last quarter. Acadian Asset Management LLC raised its stake in Evans Bancorp by 26.8% during the second quarter. Acadian Asset Management LLC now owns 8,401 shares of the bank’s stock valued at $387,000 after buying an additional 1,776 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in Evans Bancorp by 17.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 9,282 shares of the bank’s stock valued at $428,000 after buying an additional 1,382 shares during the last quarter. Finally, Millennium Management LLC purchased a new position in Evans Bancorp during the first quarter valued at $541,000.
Separately, Hovde Group cut Evans Bancorp from an “outperform” rating to a “market perform” rating and set a $50.00 price objective for the company. in a research note on Monday, August 27th.
Evans Bancorp (NYSEAMERICAN:EVBN) last released its quarterly earnings results on Thursday, October 25th. The bank reported $0.97 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.11. Evans Bancorp had a return on equity of 10.52% and a net margin of 21.79%. The business had revenue of $16.85 million during the quarter.
The firm also recently disclosed a semiannual dividend, which was paid on Thursday, October 4th. Stockholders of record on Wednesday, September 12th were given a $0.46 dividend. The ex-dividend date was Tuesday, September 11th. This represents a dividend yield of 1.97%.
Evans Bancorp Company Profile
Evans Bancorp, Inc 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. It operates through two segments, Banking Activities and Insurance Agency Activities. The company offers deposit products, which include checking and NOW accounts, savings accounts, and certificates of deposit.
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