Evans Bancorp, Inc. (NYSEAMERICAN:EVBN – Get Free Report) major shareholder Pl Capital Advisors, Llc bought 2,776 shares of the stock in a transaction dated Thursday, May 23rd. The shares were purchased at an average cost of $27.75 per share, for a total transaction of $77,034.00. Following the completion of the transaction, the insider now directly owns 555,572 shares of the company’s stock, valued at $15,417,123. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Evans Bancorp Trading Up 0.8 %
Shares of Evans Bancorp stock traded up $0.22 during trading hours on Friday, hitting $27.60. 16,492 shares of the company’s stock traded hands, compared to its average volume of 19,225. Evans Bancorp, Inc. has a 12-month low of $23.20 and a 12-month high of $33.58. The firm has a market cap of $152.35 million, a PE ratio of 7.21 and a beta of 0.91. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.99 and a quick ratio of 0.99.
Evans Bancorp (NYSEAMERICAN:EVBN – Get Free Report) last announced its earnings results on Tuesday, April 30th. The bank reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.04). Evans Bancorp had a net margin of 16.21% and a return on equity of 12.70%. The business had revenue of $16.17 million for the quarter, compared to analysts’ expectations of $16.20 million. Equities research analysts anticipate that Evans Bancorp, Inc. will post 1.93 EPS for the current year.
Institutional Inflows and Outflows
Analyst Ratings Changes
Separately, Piper Sandler lowered their price target on Evans Bancorp from $30.00 to $27.00 and set a “neutral” rating for the company in a research report on Wednesday, May 1st.
View Our Latest Analysis on EVBN
About Evans Bancorp
Evans Bancorp, Inc primarily operates as financial holding company for Evans Bank, N.A. that provides a range of banking products and services to consumer and commercial customers in the United States. The company offers deposit products, which include checking and negotiable order of withdrawal accounts, savings accounts, and certificates of deposit.
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