Evans Bancorp Inc (EVBN): Robert G Jr Miller , Secretary of Evans Bancorp Inc sold 3,280 shares on Jun 17, 2016. The Insider selling transaction was reported by the company on Jun 21, 2016 to the Securities and Exchange Commission. The shares were sold at $24.45 per share for a total value of $80,196.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 27, 2016, John R Obrien (director) purchased 682 shares at $24.10 per share price.On Dec 16, 2015, Lee C Wortham (director) purchased 3,589 shares at $24.20 per share price.Also, On Nov 18, 2015, David J Nasca (CEO) purchased 1,300 shares at $24.74 per share price.On Sep 17, 2015, Robert G Jr Miller (Secretary) sold 5,279 shares at $23.92 per share price.
Evans Bancorp: On Monday, Jun 20, 2016 heightened volatility was witnessed in Evans Bancorp which led to swings in the share price. The shares opened for trading at $25.4 and hit $25.41 on the upside , eventually ending the session at $24.63, with a gain of 0.20% or 0.05 points. The heightened volatility saw the trading volume jump to 1,114 shares. The 52-week high of the share price is $26.1 and the company has a market cap of $106 M . The 52-week low of the share price is at $22.75.
Company has been under the radar of several Street Analysts.Evans Bancorp is Initiated by Hovde Group to Outperform and the brokerage firm has set the Price Target at $29. The Rating was issued on Jun 1, 2016.
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.