Evans Bancorp Inc (NYSE:EVBN) CEO David J. Nasca Sells 1,434 Shares

Evans Bancorp Inc (NYSE:EVBN) CEO David J. Nasca sold 1,434 shares of the business’s 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 transaction, the chief executive officer now directly owns 104,431 shares in the company, valued at $4,052,967.11. This trade represents a 1.35 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Evans Bancorp Stock Down 1.5 %

NYSE EVBN traded down $0.58 during trading on Thursday, hitting $38.43. 18,792 shares of the stock traded hands, compared to its average volume of 26,131. The firm has a market capitalization of $213.94 million, a P/E ratio of 17.87 and a beta of 0.97. Evans Bancorp Inc has a 12-month low of $24.07 and a 12-month high of $46.21. The company has a 50-day moving average of $42.80. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.86.

Evans Bancorp Announces Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 13th will be given a $0.66 dividend. 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%.

Institutional Investors Weigh In On Evans Bancorp

Hedge funds have recently bought and sold shares of the business. Barclays PLC increased its stake in Evans Bancorp by 1.7% during the fourth quarter. Barclays PLC now owns 16,438 shares of the company’s stock worth $712,000 after acquiring an additional 275 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Evans Bancorp by 68,200.0% during the 4th quarter. Wells Fargo & Company MN now owns 683 shares of the company’s stock worth $30,000 after acquiring an additional 682 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Evans Bancorp by 7.8% in 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 period. Ritholtz Wealth Management lifted its position in Evans Bancorp by 25.3% during the fourth 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 grew 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 worth $1,055,000 after buying an additional 1,817 shares during the last quarter. Hedge funds and other institutional investors own 67.10% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Evans Bancorp in a research note on Sunday. They issued a “hold” rating on the stock.

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.