Penn Capital Management Co. Inc. Acquires 2,832 Shares of Evans Bancorp Inc. (EVBN)

Penn Capital Management Co. Inc. grew its holdings in shares of Evans Bancorp Inc. (NYSEAMERICAN:EVBN) by 3.6% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 80,818 shares of the bank’s stock after acquiring an additional 2,832 shares during the quarter. Penn Capital Management Co. Inc.’s holdings in Evans Bancorp were worth $2,881,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in EVBN. BNP Paribas Arbitrage SA grew its holdings in Evans Bancorp by 555.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 990 shares of the bank’s stock valued at $35,000 after purchasing an additional 839 shares during the last quarter. Ramsey Quantitative Systems grew its holdings in Evans Bancorp by 60.5% during the 4th quarter. Ramsey Quantitative Systems now owns 2,681 shares of the bank’s stock valued at $87,000 after purchasing an additional 1,011 shares during the last quarter. Bank of America Corp DE grew its holdings in Evans Bancorp by 58.6% during the 4th quarter. Bank of America Corp DE now owns 3,408 shares of the bank’s stock valued at $111,000 after purchasing an additional 1,259 shares during the last quarter. Rhumbline Advisers grew its holdings in Evans Bancorp by 44.9% during the 4th quarter. Rhumbline Advisers now owns 6,752 shares of the bank’s stock valued at $220,000 after purchasing an additional 2,093 shares during the last quarter. Finally, Acadian Asset Management LLC grew its holdings in Evans Bancorp by 18.1% during the 4th quarter. Acadian Asset Management LLC now owns 9,273 shares of the bank’s stock valued at $302,000 after purchasing an additional 1,423 shares during the last quarter.

Shares of EVBN stock opened at $36.31 on Tuesday. Evans Bancorp Inc. has a one year low of $30.61 and a one year high of $49.23.

Evans Bancorp (NYSEAMERICAN:EVBN) last issued its earnings results on Wednesday, April 24th. The bank reported $0.75 EPS for the quarter, missing the Zacks’ consensus estimate of $0.78 by ($0.03). The business had revenue of $16.70 million for the quarter.

In other Evans Bancorp news, insider David J. Nasca sold 13,079 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $36.00, for a total value of $470,844.00. Following the transaction, the insider now directly owns 72,926 shares in the company, valued at approximately $2,625,336. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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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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Want to see what other hedge funds are holding EVBN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Evans Bancorp Inc. (NYSEAMERICAN:EVBN).

Institutional Ownership by Quarter for Evans Bancorp (NYSEAMERICAN:EVBN)

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