Revenue Update on Evans Bancorp(NYSEMKT:EVBN)

Evans Bancorp(NYSEMKT:EVBN) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 6, 2017. Company reported revenue of $12.046M. Analysts estimated a revenue of $12.430M. The revenues were -3.09% below the estimates. Earnings per share were $0.53. Analysts had estimated an EPS of $0.53.

Evans Bancorp (EVBN) made into the market gainers list on Tuesdays trading session with the shares advancing 2.90% or 1.1 points. Due to strong positive momentum, the stock ended at $39, which is also near the day’s high of $40. The stock began the session at $38.033 and the volume stood at 5,746 shares. The 52-week high of the shares is $40 and the 52 week low is $22.87. The company has a current market capitalization of $183 M and it has 47,00,634 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Dec 1, 2016, Robert G Jr Miller (Secretary) sold 3,000 shares at $16.75 per share price.Also, On Nov 22, 2016, Thomas H Jr Waring (director) purchased 3,007 shares at $0.00 per share price.On Aug 18, 2016, Michael A Battle (director) purchased 200 shares at $0.00 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.

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