Evans Bancorp Inc (NYSE:EVBN – Get Free Report) 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
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.
Check Out Our Latest Stock Report on Evans Bancorp
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.
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