The President & CEO of Evans Bancorp (EVBN) is Buying Shares


Today, the President & CEO of Evans Bancorp (NYSE: EVBN), David Nasca, bought shares of EVBN for $76.75K.

Following David Nasca’s last EVBN Buy transaction on November 18, 2015, the stock climbed by 23.9%. Following this transaction David Nasca’s holding in the company was increased by 9.57% to a total of $2.6 million.

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Based on Evans Bancorp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $17.15 million and quarterly net profit of $3.32 million. In comparison, last year the company earned revenue of $14.44 million and had a net profit of $3.15 million. EVBN’s market cap is $224.3M and the company has a P/E ratio of 21.42. Currently, Evans Bancorp has an average volume of 4,310.

Three different firms, including Sandler O’Neill and SunTrust Robinson, currently also have a Buy rating on the stock.

David Nasca’s trades have generated a 11.1% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Evans Bancorp, Inc. is a bank holding company, which engages in the provision of financial solutions. It operates through the Banking Activities and Insurance Agency Activities segments. The Banking Activities segment offers consumer and commercial banking services such as lending, deposits, annuities, and mutual funds.

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