Evans Bancorp Inc (NYSE:EVBN - Get Free Report) CEO David J. Nasca sold 1,434 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $38.81, for a total transaction of $55,653.54. Following the completion of the sale, the chief executive officer now owns 104,431 shares in the company, valued at $4,052,967.11. The trade was a 1.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Evans Bancorp Stock Down 3.1 %
Evans Bancorp stock opened at $38.43 on Friday. The business's 50-day moving average is $42.80. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market capitalization of $213.94 million, a price-to-earnings ratio of 17.87 and a beta of 0.97. Evans Bancorp Inc has a 52 week low of $24.07 and a 52 week high of $46.21.
Evans Bancorp Announces Dividend
The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 13th will be paid a dividend of $0.66 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a dividend yield of 3.1%. Evans Bancorp's payout ratio is 61.40%.
Analysts Set New Price Targets
Separately, StockNews.com started coverage on shares of Evans Bancorp in a report on Sunday, March 9th. They issued a "hold" rating on the stock.
Read Our Latest Research Report on Evans Bancorp
Hedge Funds Weigh In On Evans Bancorp
Institutional investors have recently made changes to their positions in the company. Ritholtz Wealth Management boosted its holdings in Evans Bancorp by 25.3% during the fourth quarter. Ritholtz Wealth Management now owns 7,022 shares of the company's stock worth $304,000 after buying an additional 1,417 shares in the last quarter. ABC Arbitrage SA purchased a new stake in shares of Evans Bancorp during the 4th quarter worth about $2,417,000. Bank of New York Mellon Corp purchased a new stake in shares of Evans Bancorp during the 4th quarter worth about $657,000. PL Capital Advisors LLC grew its position in shares of Evans Bancorp by 4,230.0% during the 4th quarter. PL Capital Advisors LLC now owns 26,489,165 shares of the company's stock valued at $1,146,981,000 after acquiring an additional 25,877,406 shares during the period. Finally, Commonwealth Equity Services LLC increased its stake in shares of Evans Bancorp by 15.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 29,542 shares of the company's stock valued at $1,279,000 after purchasing an additional 3,921 shares in the last quarter. 67.10% of the stock is owned by hedge funds and other institutional investors.
About Evans Bancorp
(
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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