Short Interest in Evans Bancorp Inc. (NYSEAMERICAN:EVBN) Grows By 45.3%

Evans Bancorp Inc. (NYSEAMERICAN:EVBN) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totalling 29,500 shares, an increase of 45.3% from the May 30th total of 20,300 shares. Based on an average daily trading volume, of 4,500 shares, the days-to-cover ratio is currently 6.6 days. Currently, 0.6% of the company’s shares are short sold.

Evans Bancorp stock traded up $0.43 during midday trading on Thursday, hitting $36.44. 2,000 shares of the stock were exchanged, compared to its average volume of 5,270. Evans Bancorp has a 52 week low of $30.61 and a 52 week high of $49.23.

Evans Bancorp (NYSEAMERICAN:EVBN) last released its quarterly earnings data on Wednesday, April 24th. The bank reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.03). The company had revenue of $16.70 million for the quarter.

In other news, insider David J. Nasca sold 13,079 shares of Evans Bancorp stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $36.00, for a total transaction of $470,844.00. Following the completion of the sale, the insider now owns 72,926 shares in the company, valued at approximately $2,625,336. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In the last quarter, insiders have sold 14,588 shares of company stock valued at $523,976.

A number of institutional investors have recently added to or reduced their stakes in EVBN. Penn Capital Management Co. Inc. boosted its stake in Evans Bancorp by 28.3% during the 4th quarter. Penn Capital Management Co. Inc. now owns 77,986 shares of the bank’s stock worth $2,535,000 after acquiring an additional 17,188 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Evans Bancorp by 8.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 121,945 shares of the bank’s stock worth $3,965,000 after acquiring an additional 9,263 shares during the last quarter. BlackRock Inc. lifted its stake in Evans Bancorp by 3.0% in the fourth quarter. BlackRock Inc. now owns 239,863 shares of the bank’s stock valued at $7,798,000 after buying an additional 7,024 shares in the last quarter. Geode Capital Management LLC lifted its stake in Evans Bancorp by 8.0% in the fourth quarter. Geode Capital Management LLC now owns 41,661 shares of the bank’s stock valued at $1,354,000 after buying an additional 3,093 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in Evans Bancorp by 44.9% in the fourth quarter. Rhumbline Advisers now owns 6,752 shares of the bank’s stock valued at $220,000 after buying an additional 2,093 shares in the last quarter.

Evans Bancorp Company Profile

Evans Bancorp, Inc offers banking products and services. The company offers demand deposits and interest and non-interest bearing time and savings deposits. The company's deposits include jumbo deposits and retail time deposits. The bank provides commercial and industrial loans, consumer loans, commercial real estate loans, and other loans and leases.

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