Evans Bancorp (EVBN) was Initiated by Hovde Group to “Outperform” and the brokerage firm has set the Price Target at $29. Hovde Group advised their investors in a research report released on Jun 1, 2016.
In a different news, on May 27, 2016, John R Obrien (director) purchased 682 shares at $24.10 per share price. According to the SEC, on Dec 16, 2015, Lee C Wortham (director) purchased 3,589 shares at $24.20 per share price. On Nov 18, 2015, David J Nasca (CEO) purchased 1,300 shares at $24.74 per share price, according to the Form-4 filing with the securities and exchange commission.
Evans Bancorp Inc. is a financial holding company. The Company conducts its business through its two direct wholly owned subsidiaries: Evans Bank N.A. (the Bank) and Evans National Financial Services LLC (ENFS). The Company’s banking business segment includes both commercial and consumer banking services including an array of lending and depository services. It also includes direct financing leasing of commercial small-ticket general business equipment. The insurance agency segment includes the activities of selling various premium-based insurance policies on a commission basis including business and personal insurance surety bonds risk management life disability and long-term care coverage as well as providing claims adjusting services to various insurance companies and offering non-deposit investment products such as annuities and mutual funds.