Insider Selling: Evans Bancorp Inc (NYSE:EVBN) CEO Sells 1,434 Shares of Stock

Evans Bancorp Inc (NYSE:EVBN) CEO David J. Nasca sold 1,434 shares of the business’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. The trade was a 1.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Evans Bancorp Trading Up 1.5 %

Shares of NYSE EVBN opened at $39.01 on Friday. The firm has a market capitalization of $217.17 million, a P/E ratio of 18.14 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. The business’s 50-day simple moving average is $42.62. Evans Bancorp Inc has a 12 month low of $24.07 and a 12 month high of $46.21.

Evans Bancorp Dividend Announcement

The company also recently declared a semi-annual dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 13th will be issued a dividend of $0.66 per share. This represents a dividend yield of 3.1%. The ex-dividend date is Thursday, March 13th. Evans Bancorp’s dividend payout ratio (DPR) is currently 61.40%.

Institutional Trading of Evans Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in the company. PL Capital Advisors LLC grew its holdings in shares of Evans Bancorp by 4,230.0% during the fourth quarter. PL Capital Advisors LLC now owns 26,489,165 shares of the company’s stock worth $1,146,981,000 after purchasing an additional 25,877,406 shares during the last quarter. Chicago Capital Management LLC bought a new stake in Evans Bancorp in the fourth quarter valued at approximately $8,475,000. Dimensional Fund Advisors LP boosted its holdings in Evans Bancorp by 11.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 173,234 shares of the company’s stock valued at $7,501,000 after acquiring an additional 18,233 shares during the last quarter. Credit Industriel ET Commercial bought a new stake in Evans Bancorp in the fourth quarter valued at approximately $5,257,000. Finally, Susquehanna International Group LLP boosted its holdings in Evans Bancorp by 267.3% in the fourth quarter. Susquehanna International Group LLP now owns 113,973 shares of the company’s stock valued at $4,935,000 after acquiring an additional 82,947 shares during the last quarter. 67.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Evans Bancorp in a research note on Sunday, March 9th. They set a “hold” rating for the company.

Evans Bancorp Company Profile

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.