Stock Markets

Evans Bancorp treasurer sells $91k in company stock

Published

1 month ago

March 20, 2024

Evans Bancorp treasurer sells $91k in company stock

In a recent transaction, John B. Connerton, the Treasurer of Evans Bancorp Inc (NYSEAMERICAN:NYSE:), sold a total of 3,146 shares of the company’s common stock. The sale was executed at a price of $29.12 per share, amounting to a total value of $91,611. This move adjusted Connerton’s direct ownership in the company to 16,303.63 shares following the transaction.

The sale took place on March 18, 2024, and was formally filed on March 19, 2024. Evans Bancorp Inc, headquartered in Hamburg, New York, operates within the national commercial banks sector. The transaction was disclosed in compliance with the Securities and Exchange Commission regulations.

Investors and market watchers often monitor insider transactions as they can provide insights into how the company’s executives view the stock’s value and future prospects. The sale by Connerton may draw attention from the investing community as they analyze the implications of such insider activities within the company’s broader financial context.

For more detailed information, investors are encouraged to review the full regulatory filings and consider the broader market conditions, company performance, and other factors that may influence the significance of this transaction.

InvestingPro Insights

As investors scrutinize John B. Connerton’s recent sale of shares in Evans Bancorp Inc (NYSEAMERICAN:EVBN), it’s worth considering the company’s financial health and market performance through the lens of InvestingPro data and tips. With a P/E ratio (adjusted) of 6.47, EVBN is trading at a low earnings multiple, suggesting that the stock may be undervalued relative to its near-term earnings growth. This aligns with an InvestingPro Tip highlighting the company’s low P/E ratio in relation to its earnings growth potential.

Adding to the company’s financial narrative, the PEG ratio stands at 0.59, which could indicate that the stock is reasonably priced based on earnings growth expectations. Furthermore, the price to book ratio is modest at 0.89, potentially making it an attractive buy for value investors. On the operational front, EVBN reported a solid operating income margin of 38.78% over the last twelve months as of Q4 2023, underscoring efficient management and profitability.

Despite the insider sale, it’s important to note that EVBN has maintained its dividend payments for 24 consecutive years, a testament to its commitment to shareholder returns—an InvestingPro Tip that income-focused investors may find particularly reassuring. For those interested in exploring additional insights, there are more InvestingPro Tips available, which can be accessed with the coupon code PRONEWS24 for an additional 10% off a yearly or biyearly Pro and Pro+ subscription.

As the next earnings date approaches on April 24, 2024, investors may want to keep an eye on analyst revisions and other metrics available on InvestingPro to gauge the company’s trajectory. With the market anticipating profitability this year, Evans Bancorp Inc’s stock could be poised for a reevaluation in the eyes of investors.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Stock Markets

US Labor Department corrects productivity data

Published

11 hours ago

April 27, 2024

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Stock Markets

Oak Valley Community Bank Named One of Central Valley’s Best Places to Work

Published

11 hours ago

April 27, 2024

OAKDALE, Calif., April 26, 2024 (GLOBE NEWSWIRE) — Oak Valley Community Bank, a wholly-owned subsidiary of Oak Valley Bancorp (NASDAQ: OVLY) is pleased to announce that it was named by Best Companies Group as one of 2024 Best Places to Work: Central Valley. At the same time, OVCB was recognized by Opportunity Stanislaus for Growing the Economy by increasing their workforce by 10% or more throughout 2023.

We are honored to be acknowledged for our growth and named one of the Best Places to Work in the Central Valley. This recognition is a testament to our commitment to fostering a positive and supportive workplace environment and excellence in all that we do. Our success is built on our service culture, which is embraced by all members of our team. Our exceptional service is what distinguishes us. It’s not just about meeting expectations; it’s about exceeding them in ways that build lasting trust and loyalty. By delivering on this promise consistently, we create our own brand ambassadors “ who speak highly of the bank and refer colleagues and friends. We would like to take this opportunity to recognize our team. We are grateful for their loyalty and commitment to our customers, our communities, and each other, stated Chris Courtney, CEO.

Best Places to Work: Central Valley is a survey and recognition program dedicated to celebrating those employers locally who excel at creating quality jobs and environments where employees are happy to work. As a research-driven program from Best Companies Group, Best Places to Work examines a company’s practices, programs, and benefits and surveys employees for their perspective. All companies that participated in the 2024 Best Places to Work: Central Valley program receive an in-depth evaluation identifying strengths and weaknesses according to their employees. In turn, this report can be used in developing or enhancing employee retention and recruitment programs.

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We are honored to be recognized with this year’s Best Places to Work recipients; Automation Group; O’Dell (NYSE:) Engineering, Inc., Grimbleby Coleman Advisors & Accountants, Haggerty Construction, Inc., ITSolutions-Currie, One Digital, The Wonderful Company, and Community Hospice & Health Services.

Best Places to Work: Central Valley is brought to you by Opportunity Stanislaus. For more information on Best Places to Work: Central Valley visit www.bestplacestoworkcentralvalley.com.

About Opportunity Stanislaus Opportunity Stanislaus is a local economic development organization focused on improving the economic vitality of Stanislaus County. To do so, they help local entrepreneurs start and grow businesses and work to attract innovative companies to the county. For more information visit www.opportunitystanislaus.com.

About Oak Valley Community Bank OVCB offers a variety of loan and deposit products to individuals and small businesses. They currently operate through 18 conveniently located branches: Oakdale, Turlock, Stockton, Patterson, Ripon, Escalon, Manteca, Tracy, Sacramento, Roseville, two branches in Sonora, three branches in Modesto, and three branches in their Eastern Sierra Division, which includes Bridgeport, Mammoth Lakes, and Bishop. For more information visit www.ovcb.com.