Exploring Evans Bancorp, Inc. (EVBN) Investor Profile: Who’s Buying and Why?

Have you ever wondered who the major players are behind Evans Bancorp, Inc. (EVBN) and what drives their investment decisions? As of December 31, 2024, institutional investors held approximately 67.24% of Evans Bancorp's shares. This blog post dives into the investor profile of Evans Bancorp, exploring the key shareholders and their stakes in the company. Understanding who these investors are and why they're invested can provide valuable insights into the company's stability and future prospects, especially with the pending merger with NBT Bancorp Inc. expected to close in the second quarter of 2025. Keep reading to uncover the details of EVBN's investor landscape!

Evans Bancorp, Inc. (EVBN) Who Invests in [Company Name] and Why?

Understanding the investor profile of Evans Bancorp, Inc. (EVBN) provides valuable insights into the market's perception of the company. Evans Bancorp, Inc. is a financial holding company and the parent company of Evans Bank, N.A., a commercial bank with $2.2 billion in assets and $1.9 billion in deposits as of December 31, 2024. The bank offers comprehensive financial services to consumer, business, and municipal clients throughout Western New York.

Here's a breakdown of the key investor types, their motivations, and typical strategies:

• Key Investor Types:

Evans Bancorp's shareholder base includes a mix of retail investors, institutional investors, and potentially hedge funds.

• Retail Investors: Individual investors who buy and sell shares for their own accounts.
• Institutional Investors: Entities that pool money to purchase securities. These include:
  • Mutual Funds
  • Pension Funds
  • Insurance Companies
• Hedge Funds: These are less common in smaller banks but may hold positions.

As of April 8, 2025, there are 126 institutional owners and shareholders that have filed 13D/G or 13F forms with the Securities Exchange Commission (SEC). These institutions hold a total of 3,690,471 shares.

Major shareholders include:

• PL Capital Advisors, LLC
• Oddo Bhf Asset Management Sas
• Vanguard Group Inc
• Endeavour Capital Advisors Inc
• Manufacturers Life Insurance Company, The
• Chicago Capital Management, LLC
• Dimensional Fund Advisors Lp
• Alliancebernstein L.p.
• VTSMX - Vanguard Total Stock Market Index Fund Investor Shares
• Credit Industriel Et Commercial

• Investment Motivations:

Investors are attracted to Evans Bancorp, Inc. for several reasons:

• Growth Prospects: Evans Bank has a strong retail operation with 18 branches throughout Western New York.
• Dividends: Evans Bancorp has a history of consistent dividend payments. The company declared a cash dividend of $0.66 per share on its outstanding common stock, payable on April 10, 2025, to shareholders of record as of March 13, 2025.
• Market Position: Evans Bank is one of New York State's most highly regarded and well-capitalized community banks.

The current dividend yield for Evans Bancorp as of March 5, 2025, is 3.01%, with a TTM (trailing twelve-month) dividend payout of $1.32.

Evans Bancorp's (NYSEAM:EVBN) dividend yield is 3.68%. Dividend payments have increased over the last 10 years and are covered by earnings with a payout ratio of 61.04%.

• Investment Strategies:

Different investors adopt various strategies when investing in Evans Bancorp, Inc.:

• Long-Term Holding: Many institutional investors, such as mutual funds and pension funds, tend to hold EVBN shares for the long term.
• Short-Term Trading: Some investors, particularly hedge funds or trading-oriented firms, may engage in short-term trading strategies to capitalize on price fluctuations.
• Value Investing: Value investors may be attracted to Evans Bancorp if they believe the stock is undervalued relative to its assets, earnings, or growth potential.

Understanding these different facets of Evans Bancorp's investor profile helps current and potential investors make informed decisions. For more insights into the company's financial well-being, consider exploring Breaking Down Evans Bancorp, Inc. (EVBN) Financial Health: Key Insights for Investors.

The share price of Evans Bancorp, Inc. as of March 28, 2025, is $38.75 / share, with a market capitalization of $217.11 million.

On September 9, 2024, NBT Bancorp Inc. and Evans Bancorp, Inc. announced a strategic partnership where Evans will merge with and into NBT. NBT will acquire 100% of the outstanding shares of Evans in exchange for common shares of NBT. The exchange ratio will be fixed at 0.91 NBT shares for each share of Evans, resulting in an aggregate transaction value of approximately $236 million based on NBT's closing stock price of $46.28 on September 6, 2024.

The merger is expected to close in the second quarter of 2025.

Evans Bancorp, Inc. (EVBN) Institutional Ownership and Major Shareholders of Evans Bancorp, Inc. (EVBN)

Institutional ownership in Evans Bancorp, Inc. (EVBN) provides insights into the stability and potential direction of the company's stock. Recent data highlights the significant positions held by various institutional investors.

As of the latest filings, the top institutional investors in Evans Bancorp, Inc. (EVBN) include:

• BlackRock Inc. holds 372,731 shares, representing approximately 7.58% of the company.
• Vanguard Group Inc. owns 357,845 shares, accounting for about 7.27%.
• Dimensional Fund Advisors LP possesses 251,899 shares, which is around 5.13% of the company's shares.
• Renaissance Technologies LLC holds 153,933 shares, representing approximately 3.13%.
• Geode Capital Management, LLC has 88,557 shares, amounting to about 1.80%.

These major shareholders can exert considerable influence on Evans Bancorp, Inc. (EVBN)'s stock price and strategic decisions. Their investment decisions often reflect their confidence in the company's prospects and can impact market sentiment.

Changes in institutional ownership can signal important shifts in investor sentiment. Examining recent transactions reveals:

• Some institutions may have increased their positions, indicating a bullish outlook on Evans Bancorp, Inc. (EVBN).
• Conversely, others might have reduced their holdings, possibly due to concerns about the company's performance or broader market conditions.

Tracking these changes provides valuable context for understanding the dynamics of Evans Bancorp, Inc. (EVBN)'s stock.

Institutional investors play a crucial role in Evans Bancorp, Inc. (EVBN)'s stock performance and overall strategy:

• Their trading activity can drive significant price movements.
• Engagement with company management can influence strategic decisions.
• Large institutional holdings can provide stability to the stock by reducing volatility.

Below is a table summarizing the key institutional investors and their holdings in Evans Bancorp, Inc. (EVBN):

Understanding the composition and behavior of Evans Bancorp, Inc. (EVBN)'s institutional investors is essential for a comprehensive assessment of the company's investment profile.

For more information, you can read about Evans Bancorp, Inc. (EVBN)'s history, ownership, and mission: Evans Bancorp, Inc. (EVBN): History, Ownership, Mission, How It Works & Makes Money

Evans Bancorp, Inc. (EVBN) Key Investors and Their Impact on Evans Bancorp, Inc. (EVBN)

Understanding the investor profile of Evans Bancorp, Inc. (EVBN) provides valuable insights into the company's stability, growth potential, and strategic direction. Key investors can significantly influence company decisions and stock performance through their holdings and actions.

While comprehensive, real-time details on specific institutional or individual investors' direct influence or recent moves (buying/selling large stakes, activism) in Evans Bancorp, Inc. (EVBN) as of late April 2025 are limited, we can look at the ownership structure and significant shareholders from the most recently available data to infer potential impact. Reviewing the latest data from 2024 fiscal year provides insights into who is invested in Evans Bancorp, Inc. (EVBN) and how their investment decisions may affect the company.

Generally, understanding the ownership structure helps in evaluating the stability and potential strategic shifts within Evans Bancorp, Inc. (EVBN). Institutions with large stakes often have a keen interest in the company's performance.

Examining historical ownership data and institutional holdings can provide clues about investor confidence and potential future movements. Here's what we can typically observe:

• Institutional Investors: These entities (mutual funds, hedge funds, pension funds, etc.) often hold significant portions of a company's stock. Their actions can lead to price volatility and influence corporate policy.
• Individual Investors: Large individual shareholders can sometimes exert influence, especially if they have a history of activism or specific expertise in the financial sector.
• Recent Moves: Monitoring SEC filings (such as 13F filings) can reveal recent buying or selling activity by major shareholders, offering hints about their sentiment toward the stock.

To gain a deeper understanding of Evans Bancorp, Inc. (EVBN), explore its Evans Bancorp, Inc. (EVBN): History, Ownership, Mission, How It Works & Makes Money.

Information regarding specific investors and their recent activities would typically come from regulatory filings and financial news sources, which should be consulted for the most up-to-date details.

Evans Bancorp, Inc. (EVBN) Market Impact and Investor Sentiment

Understanding investor sentiment and market reactions to ownership changes is crucial for gauging the potential future performance of Evans Bancorp, Inc. (EVBN). Major shareholders' attitudes, recent market behaviors, and analyst perspectives all play significant roles in shaping the company's trajectory.

As of December 31, 2024, institutional investors held 73.70% of Evans Bancorp's shares. Here’s a breakdown:

• Top Institutional Holders:
  • Dimensional Fund Advisors LP: 9.9% ownership with 284,442 shares.
  • BlackRock Fund Advisors: 7.4% ownership with 212,583 shares.
  • The Vanguard Group, Inc.: 6.8% ownership with 195,918 shares.
• Significant Increases in Holdings:
  • Renaissance Technologies LLC increased its holdings by 41.8% in the fourth quarter of 2023.
• Decreases in Holdings:
  • LSV Asset Management reduced its position by 7.8% in the third quarter of 2023.

These movements suggest a dynamic environment of investment strategies surrounding Evans Bancorp, Inc. (EVBN).

Recent market reactions to these ownership changes provide insights into investor confidence. For example, significant increases in holdings by firms like Renaissance Technologies LLC may signal positive expectations for the company's future performance. Conversely, reductions by LSV Asset Management could indicate concerns or a shift in investment strategy.

Analyst perspectives further illuminate the impact of key investors on Evans Bancorp, Inc. (EVBN). Analysts often evaluate the moves of major shareholders to determine the overall sentiment and potential long-term effects on the stock. These evaluations consider factors such as:

• Financial Performance: How changes in ownership correlate with Evans Bancorp, Inc. (EVBN)'s financial results.
• Strategic Decisions: The influence of major investors on the company's strategic direction.
• Market Confidence: Overall market sentiment and how it affects Evans Bancorp, Inc. (EVBN)'s stock valuation.

Here's a summary table of insider trading activities:

These insider activities reflect a mix of confidence and strategic financial planning within the company's leadership.

Institutional ownership trends, as highlighted by the holdings of Dimensional Fund Advisors LP, BlackRock Fund Advisors, and The Vanguard Group, Inc., demonstrate long-term investment strategies and confidence in Evans Bancorp, Inc. (EVBN)’s stability and growth potential.

To gain further insights into the core values and strategic direction of the company, refer to Mission Statement, Vision, & Core Values of Evans Bancorp, Inc. (EVBN).