Evans Bancorp (EVBN)

• Market cap: $225M
• Sector: Financials
• Industry: National Commercial Banks

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

25% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 16

7% more funds holding

Funds holding: 59 [Q1] → 63 (+4) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]

2.09% less ownership

Funds ownership: 60.78% [Q1] → 58.69% (-2.09%) [Q2]

9% less capital invested

Capital invested by funds: $99.7M [Q1] → $91.1M (-$8.64M) [Q2]

64% less repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 25

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $31 25% downside
• Avg. target: $31 25% downside
• High target: $31 25% downside

1 analyst rating

• positive: 0 0%
• neutral: 1 100%
• negative: 0 0%

Keefe, Bruyette & Woods Christopher O'Connell 100% 1-year accuracy 17 / 17 met price target

25% downside $31

Market Perform Maintained

1 Aug 2024