Evans Bancorp Inc. (NYSEAMERICAN:EVBN) Director Oliver Sommer acquired 300 shares of the company’s stock in a transaction dated Tuesday, September 4th. The shares were bought at an average price of $47.60 per share, for a total transaction of $14,280.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Shares of EVBN stock remained flat at $$47.25 during trading on Friday. The company had a trading volume of 4,109 shares, compared to its average volume of 8,958. Evans Bancorp Inc. has a 1-year low of $38.10 and a 1-year high of $49.23.
Evans Bancorp (NYSEAMERICAN:EVBN) last posted its earnings results on Thursday, July 26th. The bank reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). The business had revenue of $15.84 million for the quarter. Evans Bancorp had a return on equity of 10.52% and a net margin of 21.79%.
The firm also recently announced a semiannual dividend, which will be paid on Thursday, October 4th. Investors of record on Wednesday, September 12th will be issued a dividend of $0.46 per share. This represents a dividend yield of 1.97%. The ex-dividend date of this dividend is Tuesday, September 11th.
Several hedge funds have recently bought and sold shares of the stock. LSV Asset Management acquired a new position in Evans Bancorp in the 1st quarter valued at $121,000. Systematic Financial Management LP acquired a new position in Evans Bancorp in the 1st quarter valued at $1,659,000. Dimensional Fund Advisors LP grew its holdings in Evans Bancorp by 13.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 89,882 shares of the bank’s stock valued at $4,067,000 after buying an additional 10,630 shares in the last quarter. Maltese Capital Management LLC grew its holdings in Evans Bancorp by 2.3% in the 1st quarter. Maltese Capital Management LLC now owns 266,320 shares of the bank’s stock valued at $12,051,000 after buying an additional 6,100 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in Evans Bancorp by 1.0% in the 1st quarter. The Manufacturers Life Insurance Company now owns 336,990 shares of the bank’s stock valued at $15,249,000 after buying an additional 3,471 shares in the last quarter.
Separately, Hovde Group lowered Evans Bancorp from an “outperform” rating to a “market perform” rating and set a $50.00 target price on the stock. in a report on Monday, August 27th.
Evans Bancorp Company Profile
Evans Bancorp, Inc 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. It operates through two segments, Banking Activities and Insurance Agency Activities. The company offers deposit products, which include checking and NOW accounts, savings accounts, and certificates of deposit.
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