A Reversal for Evans Bancorp Inc (NYSEAMERICAN:EVBN) Is Not Near. The Stock Has Rise in Shorts

Investors sentiment decreased to 1.05 in 2018 Q4. Its down 0.55, from 1.6 in 2018Q3. It fall, as 5 investors sold Evans Bancorp, Inc. shares while 17 reduced holdings. 6 funds opened positions while 17 raised stakes. 2.70 million shares or 1.69% more from 2.66 million shares in 2018Q3 were reported.
Fincl Bank Of Mellon Corporation, a New York-based fund reported 20,971 shares. Strs Ohio, Ohio-based fund reported 1,300 shares. Dimensional Fund Lp reported 121,945 shares or 0% of all its holdings. 406 were reported by Ameritas Inv Prns Incorporated. 41,611 are owned by Renaissance Technologies Limited Liability Company. Rhumbline Advisers has 0% invested in Evans Bancorp, Inc. (NYSEAMERICAN:EVBN). 1,193 were reported by Jpmorgan Chase. Bridgeway Cap reported 31,701 shares stake. Mendon Cap Advsrs owns 99,876 shares or 0.38% of their US portfolio. Hbk Sorce Advisory Ltd Limited Liability Company owns 17,079 shares. Jcsd Capital Ltd Liability holds 3.62% or 152,958 shares in its portfolio. 335,111 were reported by Manufacturers Life Insur The. 9,273 are owned by Acadian Asset Mngmt Ltd Limited Liability Company. Geode Capital Limited Liability Company owns 41,661 shares. Lsv Asset Mngmt stated it has 0% in Evans Bancorp, Inc. (NYSEAMERICAN:EVBN).

Since December 3, 2018, it had 6 insider buys, and 2 insider sales for $8,714 activity. $2,425 worth of Evans Bancorp, Inc. (NYSEAMERICAN:EVBN) was bought by Minkel Kimberley A on Wednesday, December 19. $38,882 worth of Evans Bancorp, Inc. (NYSEAMERICAN:EVBN) was bought by NASCA DAVID J. Sommer Oliver had bought 500 shares worth $16,046 on Thursday, December 20. Shares for $70,216 were sold by MILLER ROBERT G JR on Friday, December 21. Another trade for 2,250 shares valued at $74,097 was made by Connerton John B on Thursday, December 20. Another trade for 7 shares valued at $251 was made by St. George Mark G. on Monday, April 15.

The stock of Evans Bancorp Inc (NYSEAMERICAN:EVBN) registered an increase of 2.32% in short interest. EVBN’s total short interest was 30,900 shares in May as published by FINRA. Its up 2.32% from 30,200 shares, reported previously. With 3,000 shares average volume, it will take short sellers 10 days to cover their EVBN’s short positions. The short interest to Evans Bancorp Inc’s float is 0.74%.

The stock decreased 1.32% or $0.48 during the last trading session, reaching $35.99. About 1,654 shares traded. Evans Bancorp, Inc. (NYSEAMERICAN:EVBN) has declined 18.07% since May 17, 2018 and is downtrending. It has underperformed by 22.44% 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 $174.39 million. It operates through two divisions, Banking Activities and Insurance Agency Activities. It has a 10.62 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: Digitaljournal.com which released: “Evans Bancorp, Inc. Announces First Quarter 2019 Conference Call and Webcast – Press Release – Digital Journal” on April 10, 2019, also Businesswire.com with their article: “Kimberley A. Minkel and Christina P. Orsi Nominated to Serve on Evans Bancorp, Inc. Board of Directors – Business Wire” published on March 22, 2018, Businesswire.com published: “The Evans Agency Acquires the Business of Richardson & Stout Insurance – Business Wire” on May 15, 2018. More interesting news about Evans Bancorp, Inc. (NYSEAMERICAN:EVBN) were released by: Businesswire.com and their article: “Evans Bancorp, Inc. Names Lee C. Wortham as Board Chairman and Oliver H. Sommer as Vice Chairman – Business Wire” published on February 21, 2018 as well as Businesswire.com‘s news article titled: “Robert Miller, President of The Evans Agency, LLC, Announces Plan for Retirement Effective March 29, 2019 – Business Wire” with publication date: November 13, 2018.

Evans Bancorp, Inc. (NYSEAMERICAN:EVBN) Institutional Positions Chart

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