Evans Bancorp Inc. (NYSEAMERICAN:EVBN) insider David J. Nasca sold 13,079 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $36.00, for a total transaction of $470,844.00. Following the completion of the transaction, the insider now directly owns 72,926 shares in the company, valued at $2,625,336. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
EVBN traded down $0.41 during mid-day trading on Friday, hitting $36.06. The stock had a trading volume of 799 shares, compared to its average volume of 5,814. Evans Bancorp Inc. has a 1-year low of $30.61 and a 1-year high of $49.23.
Evans Bancorp (NYSEAMERICAN:EVBN) last posted its earnings results on Wednesday, April 24th. The bank reported $0.75 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by ($0.03). The business had revenue of $16.70 million for the quarter.
Institutional investors and hedge funds have recently bought and sold shares of the business. BNP Paribas Arbitrage SA raised its holdings in Evans Bancorp by 555.6% in the first quarter. BNP Paribas Arbitrage SA now owns 990 shares of the bank’s stock worth $35,000 after purchasing an additional 839 shares during the period. O Shaughnessy Asset Management LLC raised its holdings in Evans Bancorp by 224.2% in the first quarter. O Shaughnessy Asset Management LLC now owns 1,031 shares of the bank’s stock worth $37,000 after purchasing an additional 713 shares during the period. Ramsey Quantitative Systems raised its holdings in Evans Bancorp by 60.5% in the fourth quarter. Ramsey Quantitative Systems now owns 2,681 shares of the bank’s stock worth $87,000 after purchasing an additional 1,011 shares during the period. Bank of America Corp DE raised its holdings in Evans Bancorp by 58.6% in the fourth quarter. Bank of America Corp DE now owns 3,408 shares of the bank’s stock worth $111,000 after purchasing an additional 1,259 shares during the period. Finally, Rhumbline Advisers raised its holdings in Evans Bancorp by 44.9% in the fourth quarter. Rhumbline Advisers now owns 6,752 shares of the bank’s stock worth $220,000 after purchasing an additional 2,093 shares during the period.
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About Evans Bancorp
Evans Bancorp, Inc offers banking products and services. The company offers demand deposits and interest and non-interest bearing time and savings deposits. The company's deposits include jumbo deposits and retail time deposits. The bank provides commercial and industrial loans, consumer loans, commercial real estate loans, and other loans and leases.
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