Insider Selling: Evans Bancorp Inc. (EVBN) Insider Sells 375 Shares of Stock
Evans Bancorp Inc. (NYSEAMERICAN:EVBN) insider Robert G. Miller, Jr. sold 375 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $42.50, for a total transaction of $15,937.50. Following the sale, the insider now owns 67,701 shares of the company’s stock, valued at $2,877,292.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Evans Bancorp Inc. (NYSEAMERICAN EVBN) traded up $0.40 during mid-day trading on Tuesday, reaching $42.65. 2,600 shares of the company’s stock were exchanged, compared to its average volume of 11,238. Evans Bancorp Inc. has a 12 month low of $28.60 and a 12 month high of $47.08.
Evans Bancorp (NYSEAMERICAN:EVBN) last released its earnings results on Monday, October 30th. The bank reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.10. Evans Bancorp had a net margin of 25.75% and a return on equity of 12.81%. The company had revenue of $14.46 million during the quarter.
Separately, Hovde Group lowered shares of Evans Bancorp from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from $45.00 to $48.00 in a research note on Friday, September 29th.
Hedge funds have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company raised its holdings in shares of Evans Bancorp by 1.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 352,240 shares of the bank’s stock valued at $14,072,000 after purchasing an additional 4,447 shares in the last quarter. Maltese Capital Management LLC raised its holdings in shares of Evans Bancorp by 2.0% during the 3rd quarter. Maltese Capital Management LLC now owns 237,100 shares of the bank’s stock valued at $10,243,000 after purchasing an additional 4,700 shares in the last quarter. Janus Henderson Group PLC bought a new position in shares of Evans Bancorp during the 2nd quarter valued at $5,853,000. Vanguard Group Inc. raised its holdings in shares of Evans Bancorp by 11.5% during the 2nd quarter. Vanguard Group Inc. now owns 103,772 shares of the bank’s stock valued at $4,145,000 after purchasing an additional 10,729 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Evans Bancorp by 3.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 72,968 shares of the bank’s stock valued at $3,152,000 after purchasing an additional 2,616 shares in the last quarter.
Evans Bancorp Company Profile
Evans Bancorp, Inc is a financial holding company. The Company conducts its business through its subsidiaries, such as Evans Bank, N.A. (the Bank), which provides a range of banking services to consumer and commercial customers in Western New York, and Evans National Financial Services, LLC (ENFS), which hold interests in The Evans Agency, LLC (TEA), which sells various premium-based insurance policies on a commission basis.
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