Evans Bancorp, Inc. (NYSEAMERICAN:EVBN) Short Interest Up 39.1% in April

Evans Bancorp, Inc. (NYSEAMERICAN:EVBN) saw a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 15,300 shares, an increase of 39.1% from the March 31st total of 11,000 shares. Based on an average daily trading volume, of 24,100 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.3% of the company’s shares are sold short.

Evans Bancorp Stock Performance

Shares of EVBN stock opened at $39.53 on Friday. The firm has a market cap of $219.00 million, a price-to-earnings ratio of 11.87 and a beta of 0.92. Evans Bancorp has a 52-week low of $24.80 and a 52-week high of $46.21. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.86. The company’s 50 day moving average is $38.59 and its 200 day moving average is $39.97.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Evans Bancorp in a research report on Wednesday, January 8th. They issued a “hold” rating on the stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. raised its stake in Evans Bancorp by 18.9% in the third quarter. JPMorgan Chase & Co. now owns 9,503 shares of the bank’s stock valued at $370,000 after buying an additional 1,511 shares during the last quarter. Barclays PLC raised its position in shares of Evans Bancorp by 47.7% in the 3rd quarter. Barclays PLC now owns 16,163 shares of the bank’s stock valued at $630,000 after purchasing an additional 5,218 shares during the last quarter. Geode Capital Management LLC boosted its stake in Evans Bancorp by 6.9% in the 3rd quarter. Geode Capital Management LLC now owns 55,786 shares of the bank’s stock worth $2,175,000 after purchasing an additional 3,583 shares in the last quarter. Finally, Oddo BHF Asset Management Sas purchased a new stake in Evans Bancorp during the 3rd quarter worth approximately $5,599,000. Hedge funds and other institutional investors own 67.10% of the company’s stock.

About Evans Bancorp

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.