Robert G. Miller, Jr. Sells 456 Shares of Evans Bancorp Inc. (EVBN) Stock

Evans Bancorp Inc. (NYSEAMERICAN:EVBN) insider Robert G. Miller, Jr. sold 456 shares of Evans Bancorp stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $42.75, for a total value of $19,494.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Evans Bancorp Inc. (NYSEAMERICAN EVBN) traded up $1.05 during midday trading on Friday, hitting $43.00. 5,451 shares of the company were exchanged, compared to its average volume of 5,207. Evans Bancorp Inc. has a fifty-two week low of $30.20 and a fifty-two week high of $47.08.

Evans Bancorp (NYSEAMERICAN:EVBN) last posted its quarterly earnings data on Monday, October 30th. The bank reported $0.76 EPS for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.10. Evans Bancorp had a net margin of 25.75% and a return on equity of 12.81%. The business had revenue of $14.46 million for the quarter.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Maltese Capital Management LLC increased its stake in shares of Evans Bancorp by 2.0% during the third quarter. Maltese Capital Management LLC now owns 237,100 shares of the bank’s stock valued at $10,243,000 after acquiring an additional 4,700 shares during the period. Allianz Asset Management GmbH acquired a new position in shares of Evans Bancorp during the third quarter valued at approximately $749,000. Dimensional Fund Advisors LP increased its stake in shares of Evans Bancorp by 3.7% during the third quarter. Dimensional Fund Advisors LP now owns 72,968 shares of the bank’s stock valued at $3,152,000 after acquiring an additional 2,616 shares during the period. Wells Fargo & Company MN increased its stake in shares of Evans Bancorp by 455.6% during the third quarter. Wells Fargo & Company MN now owns 4,517 shares of the bank’s stock valued at $195,000 after acquiring an additional 3,704 shares during the period. Finally, FNY Managed Accounts LLC acquired a new position in shares of Evans Bancorp during the third quarter valued at approximately $159,000.

Separately, Hovde Group cut Evans Bancorp from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $45.00 to $48.00 in a report on Friday, September 29th.

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About Evans Bancorp

Evans Bancorp, Inc is a financial holding company. The Company conducts its business through its subsidiaries, such as Evans Bank, N.A. (the Bank), which provides a range of banking services to consumer and commercial customers in Western New York, and Evans National Financial Services, LLC (ENFS), which hold interests in The Evans Agency, LLC (TEA), which sells various premium-based insurance policies on a commission basis.

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