Evans Bancorp Inc (NYSE:EVBN - Get Free Report) CEO David J. Nasca sold 1,434 shares of the company's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $38.81, for a total value of $55,653.54. Following the transaction, the chief executive officer now directly owns 104,431 shares of the company's stock, valued at approximately $4,052,967.11. This represents a 1.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Evans Bancorp Trading Up 1.1 %
Shares of NYSE EVBN traded up $0.43 during trading hours on Monday, reaching $39.44. The stock had a trading volume of 13,910 shares, compared to its average volume of 25,715. The stock has a market capitalization of $219.56 million, a price-to-earnings ratio of 18.34 and a beta of 0.97. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.99 and a current ratio of 0.99. Evans Bancorp Inc has a fifty-two week low of $24.07 and a fifty-two week high of $46.21. The business's 50-day simple moving average is $42.62.
Evans Bancorp Dividend Announcement
The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 13th will be paid a dividend of $0.66 per share. This represents a yield of 3.1%. The ex-dividend date is Thursday, March 13th. Evans Bancorp's dividend payout ratio is presently 61.40%.
Analyst Upgrades and Downgrades
Separately, StockNews.com assumed coverage on Evans Bancorp in a research report on Monday. They issued a "hold" rating for the company.
Read Our Latest Analysis on EVBN
Institutional Trading of Evans Bancorp
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC raised its stake in Evans Bancorp by 1.7% during the 4th quarter. Barclays PLC now owns 16,438 shares of the company's stock valued at $712,000 after acquiring an additional 275 shares during the last quarter. Wells Fargo & Company MN raised its stake in Evans Bancorp by 68,200.0% during the 4th quarter. Wells Fargo & Company MN now owns 683 shares of the company's stock valued at $30,000 after acquiring an additional 682 shares during the last quarter. Northern Trust Corp raised its stake in Evans Bancorp by 7.8% during the 4th quarter. Northern Trust Corp now owns 11,495 shares of the company's stock valued at $498,000 after acquiring an additional 832 shares during the last quarter. Ritholtz Wealth Management raised its stake in Evans Bancorp by 25.3% during the 4th quarter. Ritholtz Wealth Management now owns 7,022 shares of the company's stock valued at $304,000 after acquiring an additional 1,417 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in Evans Bancorp by 8.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 24,362 shares of the company's stock valued at $1,055,000 after acquiring an additional 1,817 shares during the last quarter. 67.10% of the stock is owned by hedge funds and other institutional investors.
Evans Bancorp Company Profile
(
Get Free Report)
Evans Bancorp, Inc primarily operates as the financial holding company for Evans Bank, N.A. that provides a range of banking products and services to consumer and commercial customers in Western New York and the Finger Lakes Region of New York State. It operates in two segments, Banking Activities and Insurance Agency Activities.
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