Renaissance Technologies LLC trimmed its position in Evans Bancorp Inc. (NYSEAMERICAN:EVBN) by 16.9% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 44,800 shares of the bank’s stock after selling 9,100 shares during the period. Renaissance Technologies LLC owned 0.93% of Evans Bancorp worth $2,103,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of EVBN. LSV Asset Management raised its holdings in Evans Bancorp by 25.0% during the third quarter. LSV Asset Management now owns 6,500 shares of the bank’s stock worth $305,000 after purchasing an additional 1,300 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in Evans Bancorp by 17.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 9,282 shares of the bank’s stock valued at $428,000 after purchasing an additional 1,382 shares during the period. Systematic Financial Management LP raised its stake in Evans Bancorp by 5.2% during the 3rd quarter. Systematic Financial Management LP now owns 63,047 shares of the bank’s stock valued at $2,960,000 after purchasing an additional 3,138 shares during the period. Commonwealth Equity Services LLC acquired a new stake in Evans Bancorp during the 3rd quarter valued at $3,381,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Evans Bancorp by 17.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 106,009 shares of the bank’s stock valued at $4,887,000 after acquiring an additional 16,127 shares in the last quarter.
Separately, Hovde Group raised shares of Evans Bancorp from a “market perform” rating to an “outperform” rating and set a $38.00 price objective for the company in a research report on Wednesday, January 2nd.
In related news, insider Robert G. Miller, Jr. sold 2,096 shares of the firm’s stock in a transaction on Friday, December 21st. The shares were sold at an average price of $33.50, for a total transaction of $70,216.00. Following the sale, the insider now directly owns 71,056 shares in the company, valued at $2,380,376. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO David J. Nasca acquired 1,195 shares of the firm’s stock in a transaction dated Thursday, December 20th. The stock was purchased at an average cost of $32.54 per share, with a total value of $38,885.30. Following the transaction, the chief executive officer now owns 2,344 shares in the company, valued at $76,273.76. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 1,320 shares of company stock worth $43,346.
NYSEAMERICAN:EVBN traded up $0.10 during mid-day trading on Friday, hitting $35.50. The company’s stock had a trading volume of 3,647 shares, compared to its average volume of 5,725. Evans Bancorp Inc. has a fifty-two week low of $30.61 and a fifty-two week high of $49.23.
Evans Bancorp (NYSEAMERICAN:EVBN) last issued its quarterly earnings data on Thursday, January 31st. The bank reported $0.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.02. The firm had revenue of $15.41 million for the quarter.
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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