What’s Ahead for Evans Bancorp Inc (NYSEAMERICAN:EVBN) After Less Shorted Shares?

February 21, 2018 - By Vivian Park

 What’s Ahead for Evans Bancorp Inc (NYSEAMERICAN:EVBN) After Less Shorted Shares?

Investors sentiment decreased to 2 in Q3 2017. Its down 0.46, from 2.46 in 2017Q2. It dropped, as 6 investors sold Evans Bancorp, Inc. shares while 8 reduced holdings. 10 funds opened positions while 18 raised stakes. 2.59 million shares or 0.12% more from 2.58 million shares in 2017Q2 were reported.
United Capital Advisers Limited Company accumulated 6,438 shares. Northern Tru Corporation reported 49,428 shares stake. California Pub Employees Retirement Sys has invested 0% of its portfolio in Evans Bancorp, Inc. (NYSEAMERICAN:EVBN). Legal & General Grp Public Ltd holds 0% or 671 shares. Vanguard Gru invested 0% of its portfolio in Evans Bancorp, Inc. (NYSEAMERICAN:EVBN). Moreover, Bank Of America De has 0% invested in Evans Bancorp, Inc. (NYSEAMERICAN:EVBN) for 216 shares. Renaissance Technology invested in 35,600 shares. Bnp Paribas Arbitrage Sa reported 451 shares. National Bank Of New York Mellon Corporation accumulated 0% or 21,108 shares. Dimensional Fund Advisors L P has 72,968 shares. Bridgeway Management Inc reported 31,701 shares. California State Teachers Retirement Systems owns 7,600 shares. Jcsd Cap Limited Liability Company owns 132,234 shares or 5.4% of their US portfolio. Barclays Public Ltd accumulated 0% or 108 shares. Macquarie Grp Limited has invested 0% in Evans Bancorp, Inc. (NYSEAMERICAN:EVBN).

The stock of Evans Bancorp Inc (NYSEAMERICAN:EVBN) registered a decrease of 16.57% in short interest. EVBN’s total short interest was 29,200 shares in February as published by FINRA. Its down 16.57% from 35,000 shares, reported previously. With 6,800 shares average volume, it will take short sellers 4 days to cover their EVBN’s short positions. The short interest to Evans Bancorp Inc’s float is 0.64%.

The stock increased 3.54% or $1.45 during the last trading session, reaching $42.4. About 3,181 shares traded. Evans Bancorp, Inc. (NYSEAMERICAN:EVBN) has risen 66.46% since February 21, 2017 and is uptrending. It has outperformed by 49.76% the S&P500.

Evans Bancorp, Inc. operates as the financial holding firm for Evans Bank, N.A. that provides a range of banking services and products to consumer and commercial clients in Western New York. The company has market cap of $202.78 million. It operates through two divisions, Banking Activities and Insurance Agency Activities. It has a 19.67 P/E ratio. The firm offers deposit products, which include checking and NOW accounts, savings accounts, and certificates of deposit.

More notable recent Evans Bancorp, Inc. (NYSEAMERICAN:EVBN) news were published by: Streetinsider.com which released: “Form 8-K EVANS BANCORP INC For: Feb 21” on February 21, 2018, also Seekingalpha.com with their article: “Evans Bancorp’s (EVBN) CEO David Nasca on Q4 2017 Results – Earnings Call …” published on February 02, 2018, Businesswire.com published: “Evans Bancorp, Inc. Announces Fourth Quarter 2017 Conference Call and Webcast” on January 18, 2018. More interesting news about Evans Bancorp, Inc. (NYSEAMERICAN:EVBN) were released by: Businesswire.com and their article: “Evans Bancorp Announces Retirement of Chairman John R. O’Brien” published on January 25, 2018 as well as Bizjournals.com‘s news article titled: “Evans Bancorp gets on bonus bandwagon, community investment” with publication date: January 31, 2018.

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