Pl Capital Advisors, Llc Acquires 7,800 Shares of Evans Bancorp, Inc. (NYSEAMERICAN:EVBN) Stock

Evans Bancorp, Inc. (NYSEAMERICAN:EVBNGet Free Report) major shareholder Pl Capital Advisors, Llc purchased 7,800 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The shares were purchased at an average cost of $25.96 per share, with a total value of $202,488.00. Following the completion of the acquisition, the insider now owns 604,979 shares in the company, valued at approximately $15,705,254.84. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Pl Capital Advisors, Llc also recently made the following trade(s):

  • On Thursday, May 30th, Pl Capital Advisors, Llc purchased 300 shares of Evans Bancorp stock. The stock was bought at an average price of $25.65 per share, with a total value of $7,695.00.
  • On Tuesday, May 28th, Pl Capital Advisors, Llc bought 21,061 shares of Evans Bancorp stock. The shares were bought at an average price of $26.12 per share, with a total value of $550,113.32.
  • On Thursday, May 23rd, Pl Capital Advisors, Llc bought 2,776 shares of Evans Bancorp stock. The stock was purchased at an average cost of $27.75 per share, for a total transaction of $77,034.00.

Evans Bancorp Trading Down 0.3 %

Evans Bancorp stock opened at $26.14 on Friday. Evans Bancorp, Inc. has a 12 month low of $24.07 and a 12 month high of $33.58. The stock has a market capitalization of $144.29 million, a price-to-earnings ratio of 6.83 and a beta of 0.92. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.93.

Evans Bancorp (NYSEAMERICAN:EVBNGet Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The bank reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.04). The business had revenue of $16.17 million during the quarter, compared to the consensus estimate of $16.20 million. Evans Bancorp had a return on equity of 12.70% and a net margin of 16.21%. As a group, equities analysts predict that Evans Bancorp, Inc. will post 1.93 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Piper Sandler decreased their price target on Evans Bancorp from $30.00 to $27.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 1st.

Check Out Our Latest Analysis on Evans Bancorp

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its position in shares of Evans Bancorp by 78.1% during the 1st quarter. BNP Paribas Financial Markets now owns 2,624 shares of the bank’s stock worth $78,000 after buying an additional 1,151 shares during the period. Prime Capital Investment Advisors LLC acquired a new position in shares of Evans Bancorp during the fourth quarter valued at about $203,000. Kennedy Capital Management LLC lifted its position in Evans Bancorp by 20.7% in the 3rd quarter. Kennedy Capital Management LLC now owns 21,955 shares of the bank’s stock valued at $588,000 after acquiring an additional 3,770 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Evans Bancorp by 0.6% in the first quarter. Vanguard Group Inc. now owns 281,299 shares of the bank’s stock valued at $8,400,000 after purchasing an additional 1,620 shares in the last quarter. Finally, PL Capital Advisors LLC lifted its stake in Evans Bancorp by 3.0% during the 1st quarter. PL Capital Advisors LLC now owns 538,437 shares of the bank’s stock valued at $16,078,000 after acquiring an additional 15,788 shares in the last quarter. Institutional investors own 67.10% of the company’s stock.

Evans Bancorp Company Profile

(Get Free Report)

Evans Bancorp, Inc primarily operates as financial holding company for Evans Bank, N.A. that provides a range of banking products and services to consumer and commercial customers in the United States. The company offers deposit products, which include checking and negotiable order of withdrawal accounts, savings accounts, and certificates of deposit.

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Insider Buying and Selling by Quarter for Evans Bancorp (NYSEAMERICAN:EVBN)

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