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EdgarHawk

PL Capital Advisors, LLC

10% Owner

10% Owner
2 filings analyzed · 2 companies · Latest 2024-07-24

Companies

Company Buys Sells Direction
EVANS BANCORP INC EVBN 1 0 Net buying
OLD POINT FINANCIAL CORP OPOF 1 0 Net buying

Activity

July 2024
2024-07-24 EVANS BANCORP INC EVBN
high
Buy
6,680 shares
$219,179
Significance 6/10

10% Owner PL Capital Advisors buys 6,680 shares of EVBN at $32.81; stock now $32.95, +18.3% in 30 days

PL Capital Advisors acquired 6,680 shares at $32.81 on 2024-07-23, increasing holdings from 605,079 to 611,759 shares. The purchase occurred during strong momentum: the stock has gained 18.3% over the prior 30 days and 26.6% over the prior 90 days, currently trading at $32.95 (-0.6% from its 52-week high of $33.15). At the same-ticker level, the insider's five prior purchases at EVBN between 2024-05-28 and 2024-06-04 all showed positive 30-day returns (ranging from +7.0% to +9.6%). Across the insider's broader cross-ticker open-market history, 15 prior buys achieved an average 90-day return of +13.2% with a 100% win rate, though measurable 90-day outcomes are not yet available for any of the five most recent EVBN purchases. The company trades at a P/E of 23.71 with a market cap of $181.9M but shows trailing revenue of $149.0K and annual revenue decline of -1.8%, suggesting the recent price strength may outpace fundamentals.

June 2024
high
Buy
83,169 shares
$1,230,810
Significance 6/10

PL Capital Advisors (10% owner) purchased 83,169 shares of OPOF at $14.80 on 2024-06-13; stock down 31.4% from 52-week high.

PL Capital Advisors executed a $1,230,809.71 purchase of 83,169 shares, growing its stake from 637.7K to 720.9K shares (+13.0%). The transaction occurred in early June 2024 at $14.80 per share, when OPOF was down 31.4% from its 52-week high of $21.20. Notably, this is the fifth consecutive buy by this insider in just over two weeks (May 17 through June 13), suggesting sustained conviction despite the stock's recent weakness. The acquirer's cross-ticker track record shows 14 prior open-market buys with a 100% win rate at the 90-day mark and average 90-day returns of +13.2%, though this same-ticker history is not yet measurable. Fundamentals remain positive: the company posted +30.8% annual revenue growth and trades at a 11.64 P/E with $73.8M market cap, though current price of $14.55 is down 2.5% over 30 days.

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