Matthew Coulson Sells 2557 Shares of M.P. Evans Group PLC Stock Owned by EVANS BANCORP
January 31, 2023
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EVANS BANCORP ($NYSEAM:EVBN) is the parent company of Evans Bank and its subsidiaries, which include Evans National Financial Services, LLC and Evans Insurance Agency, Inc. The company is listed on the NASDAQ Global Market under the symbol EVBN. Recently, it was reported that Matthew Coulson, a director of EVANS BANCORP had sold 2557 shares of M.P. Evans Group PLC stock owned by EVANS BANCORP. This sale of the stock was made in order to diversify EVANS BANCORP’s investments and to raise funds that can be used for other investments or to pay off debt. The sale of the M.P. Evans Group PLC stock is a positive move for EVANS BANCORP as it helps to diversify their investments, reduce their risk, and allow them to access additional capital.
This will enable them to better manage their finances and make more informed decisions going forward. It also helps to ensure that EVANS BANCORP remains a stable and reliable financial services provider for their customers.
Market Price
The news sent positive sentiment to the market, as the stock opened at $39.3 and closed at $39.5, up by 0.5% from its prior closing price of 39.3. The sale of the shares was part of EVANS BANCORP‘s plan to diversify their portfolio and reduce their exposure to M.P. Evans Group PLC and its subsidiaries. This move is also in line with their long-term strategy of reducing risk and increasing returns.
In addition, the sale is seen as a way to unlock value for shareholders and provide liquidity to the company’s balance sheet. EVANS BANCORP has been actively managing its portfolio to ensure optimal performance and investment returns. This announcement is another step forward in their efforts to maximize returns and minimize risk. This move will also provide more flexibility to the company in terms of its investments and asset allocation. Overall, the news has been received positively by investors, as it indicates EVANS BANCORP’s commitment to sound financial management and prudent decision-making. With a strong portfolio and a focus on value creation, EVANS BANCORP is well-positioned to deliver on its long-term goals. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Evans Bancorp. More…
| Total Revenues | Net Income | Net Margin |
| – | 22.25 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Evans Bancorp. More…
| Operations | Investing | Financing |
| 24.88 | -198.9 | 3.5 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Evans Bancorp. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.13k | 1.98k | – |
Key Ratios Snapshot
Some of the financial key ratios for Evans Bancorp are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 14.3% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
VI Analysis
EVANS BANCORP is classified as a ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. This company has a high health score of 8/10 with regard to its cashflows and debt, indicating it is capable of paying off debt and funding future operations. Its fundamentals reflect its long term potential, making it an attractive target for investors. For those looking to invest in companies with moderate growth, EVANS BANCORP is an excellent option. It is strong in growth, assets, and dividend, and medium in profitability. This company has a strong balance sheet, which gives it the ability to weather any market turbulence or economic downturn. Its assets are well diversified and its liabilities are well managed. Investors may be interested in EVANS BANCORP because it has a strong management team and a good track record of delivering results. Additionally, the company has solid financials, a history of positive cash flow, and a healthy dividend yield. Its financial statements are audited and transparent, making it easy for investors to evaluate its performance. Overall, EVANS BANCORP is an attractive investment opportunity for those looking for moderate growth and a healthy dividend yield. It has strong fundamentals, good management, and a solid balance sheet. With its strong performance and reliable financials, EVANS BANCORP is an excellent option for those looking for long-term returns. More…
VI Peers
The competition between Evans Bancorp Inc and its competitors is fierce. Each company is striving to be the best in the industry, and they are all working hard to improve their products and services. This competition is good for consumers, as it helps to keep prices down and quality up. It is also good for the economy, as it encourages innovation and creativity.
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Summary
EVANS BANCORP recently sold 2557 shares of M.P. Evans Group PLC stock, a company in which it has invested. This is a positive sign as it shows that the company believes in the long-term prospects of the stock and is comfortable with the current market conditions. The sale is also a good indication that EVANS BANCORP is taking a prudent approach to investing, showing that it is focused on maximizing shareholder value.
Analysts are optimistic about EVANS BANCORP’s future prospects and view the current share price as a good indicator of potential future returns. Investors should pay close attention to the company’s performance and news releases to gain a better understanding of their strategy and any changes in their investment activities.
