Evans Bancorp, Inc. (NYSEAMERICAN:EVBN) Shares Bought by De Lisle Partners LLP

De Lisle Partners LLP lifted its position in shares of Evans Bancorp, Inc. (NYSEAMERICAN:EVBN) by 30.3% in the third quarter, Holdings Channel reports. The institutional investor owned 46,943 shares of the bank’s stock after acquiring an additional 10,908 shares during the quarter. De Lisle Partners LLP’s holdings in Evans Bancorp were worth $1,829,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Evans Bancorp during the second quarter valued at about $204,000. Ritholtz Wealth Management acquired a new position in Evans Bancorp during the third quarter worth $218,000. Squarepoint Ops LLC purchased a new position in shares of Evans Bancorp during the second quarter worth $237,000. Prime Capital Investment Advisors LLC purchased a new stake in shares of Evans Bancorp in the 3rd quarter valued at $251,000. Finally, American Century Companies Inc. purchased a new position in Evans Bancorp during the 2nd quarter valued at about $337,000. 67.10% of the stock is currently owned by institutional investors and hedge funds.

Evans Bancorp Price Performance

Shares of NYSEAMERICAN:EVBN opened at $44.52 on Thursday. Evans Bancorp, Inc. has a 52 week low of $24.07 and a 52 week high of $46.00. The company has a market capitalization of $246.64 million, a price-to-earnings ratio of 13.37 and a beta of 0.91. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.86.

Evans Bancorp (NYSEAMERICAN:EVBN) last posted its earnings results on Thursday, October 31st. The bank reported $0.53 EPS for the quarter, beating the consensus estimate of $0.40 by $0.13. The firm had revenue of $31.69 million for the quarter. Evans Bancorp had a return on equity of 10.27% and a net margin of 13.80%.

Analyst Ratings Changes

EVBN has been the topic of several research reports. StockNews.com initiated coverage on shares of Evans Bancorp in a research report on Monday. They set a “hold” rating on the stock. Keefe, Bruyette & Woods increased their price objective on Evans Bancorp from $42.32 to $45.50 and gave the company a “market perform” rating in a research note on Friday, November 1st.

Evans Bancorp Profile

Evans Bancorp, Inc primarily operates as financial holding company for Evans Bank, N.A. that provides a range of banking products and services to consumer and commercial customers in the United States. The company offers deposit products, which include checking and negotiable order of withdrawal accounts, savings accounts, and certificates of deposit.