Equities research analysts at StockNews.com initiated coverage on shares of Evans Bancorp (NYSE:EVBN – Get Free Report) in a report issued on Monday. The brokerage set a “hold” rating on the stock.
Evans Bancorp Price Performance
Shares of EVBN stock opened at $39.01 on Monday. Evans Bancorp has a one year low of $24.07 and a one year high of $46.21. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a 50-day moving average price of $42.62. The stock has a market capitalization of $217.17 million, a P/E ratio of 18.14 and a beta of 0.97.
Insider Buying and Selling
In other Evans Bancorp news, CEO David J. Nasca sold 1,434 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $38.81, for a total transaction of $55,653.54. Following 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.34% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
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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