Janus Henderson Group PLC trimmed its stake in shares of Evans Bancorp Inc. (NYSEAMERICAN:EVBN) by 18.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 118,624 shares of the bank’s stock after selling 27,351 shares during the period. Janus Henderson Group PLC owned 2.48% of Evans Bancorp worth $5,140,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Schwab Charles Investment Management Inc. purchased a new position in shares of Evans Bancorp in the second quarter worth about $316,000. Bank of New York Mellon Corp increased its position in Evans Bancorp by 133.4% during the second quarter. Bank of New York Mellon Corp now owns 21,907 shares of the bank’s stock worth $875,000 after purchasing an additional 12,519 shares during the last quarter. Teachers Advisors LLC acquired a new stake in Evans Bancorp during the second quarter worth about $324,000. TIAA CREF Investment Management LLC acquired a new stake in Evans Bancorp during the second quarter worth about $490,000. Finally, Nationwide Fund Advisors acquired a new stake in Evans Bancorp during the second quarter worth about $101,000.
Separately, Hovde Group cut shares of Evans Bancorp from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $45.00 to $48.00 in a research report on Friday, September 29th.
Evans Bancorp Inc. (NYSEAMERICAN:EVBN) opened at $42.70 on Friday. The stock has a market cap of $196.43, a P/E ratio of 17.15 and a beta of 0.43. Evans Bancorp Inc. has a 12 month low of $34.90 and a 12 month high of $47.08.
Evans Bancorp (NYSEAMERICAN:EVBN) last announced its earnings results on Monday, October 30th. The bank reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.10. The business had revenue of $14.46 million for the quarter. Evans Bancorp had a net margin of 25.75% and a return on equity of 12.81%.
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About Evans Bancorp
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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