Insider Buying: Evans Bancorp Inc. (EVBN) Director Buys 215 Shares of Stock

Evans Bancorp Inc. (NYSEAMERICAN:EVBN) Director Christina P. Orsi acquired 215 shares of the business’s stock in a transaction dated Wednesday, June 6th. The shares were bought at an average price of $47.27 per share, for a total transaction of $10,163.05. Following the completion of the acquisition, the director now owns 439 shares in the company, valued at $20,751.53. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

Shares of Evans Bancorp traded down $0.15, hitting $45.55, during trading hours on Thursday, reports. 225 shares of the company were exchanged, compared to its average volume of 10,723. Evans Bancorp Inc. has a 1 year low of $37.80 and a 1 year high of $47.97.

Evans Bancorp (NYSEAMERICAN:EVBN) last announced its quarterly earnings data on Wednesday, April 25th. The bank reported $0.68 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by ($0.10). The company had revenue of $15.24 million for the quarter. Evans Bancorp had a return on equity of 10.52% and a net margin of 21.79%.

Several hedge funds have recently made changes to their positions in EVBN. Systematic Financial Management LP purchased a new position in shares of Evans Bancorp during the 1st quarter worth about $1,659,000. Penn Capital Management Co. Inc. raised its holdings in Evans Bancorp by 18.7% in the fourth quarter. Penn Capital Management Co. Inc. now owns 80,969 shares of the bank’s stock valued at $3,393,000 after buying an additional 12,763 shares during the period. Millennium Management LLC purchased a new position in Evans Bancorp in the first quarter valued at approximately $541,000. Dimensional Fund Advisors LP raised its holdings in Evans Bancorp by 13.4% in the first quarter. Dimensional Fund Advisors LP now owns 89,882 shares of the bank’s stock valued at $4,067,000 after buying an additional 10,630 shares during the period. Finally, Martingale Asset Management L P purchased a new position in Evans Bancorp in the fourth quarter valued at approximately $281,000.

Evans Bancorp Company Profile

Evans Bancorp, Inc 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. It operates through two segments, Banking Activities and Insurance Agency Activities. The company offers deposit products, which include checking and NOW accounts, savings accounts, and certificates of deposit.

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