Revenue Update on Evans Bancorp(NYSEMKT:EVBN)

Evans Bancorp(NYSEMKT:EVBN) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $10.80M. Analysts estimated a revenue of $11.52M. Earnings per share were $0.46. Analysts had estimated an EPS of $0.43.

Evans Bancorp (EVBN) shares turned negative on Thursdays trading session with the shares closing down -0.02 points or -0.08% at a volume of 428. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $25.94. The peak price level was also seen at $25.94 while the days lowest was $25.78. Finally the shares closed at $25.78. The 52-week high of the shares is $26.1 while the 52-week low is $22.75. According to the latest information available, the market cap of the company is $110 M.

Several Insider Transactions has been reported to the SEC. On Jun 21, 2016, Robert G Jr Miller (Secretary) sold 3,280 shares at $24.45 per share price.Also, 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, 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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