Elmira Savings Bank Inc (NASDAQ:ESBK) was the target of a sharp decline in short interest in January. As of January 15, there was short interest totaling 3,000 shares, a decrease of 51.6% from the total of 6,200 shares as of December 31. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 5,900 shares, the short-term interest rate ratio is currently 0.5 days.
Hedge funds and other institutional investors have recently changed their holdings in the company. Royal Bank of Canada acquired a new stake in shares of Elmira Savings Bank during Q3 worth approximately $52,000. BlackRock Inc. increased its position in Elmira Savings Bank by 12.9% during the third quarter. BlackRock Inc. now owns 8,552 shares of the real estate investment trust worth $114,000 after purchasing an additional 976 shares during the period. BCK Partners Inc. acquired a new position in Elmira Savings Bank during the third quarter worth approximately $176,000. Dimensional Fund Advisors LP increased its position in Elmira Savings Bank by 4.8% during the second quarter. Dimensional Fund Advisors LP now owns 15,723 shares of the real estate investment trust worth $225,000 after purchasing an additional 727 shares during the period. Finally, Valicenti Advisory Services Inc. increased its position in Elmira Savings Bank by 5.1% during the fourth quarter. Valicenti Advisory Services Inc. now owns 112,411 shares of the real estate investment trust worth $2,570,000 after purchasing an additional 5,494 shares during the period. 9.54% of the shares are currently held by institutional investors and hedge funds.
Shares of NASDAQ ESBK were up $0.02 in Friday’s midday session, hitting $22.85. 3,722 shares of the company were traded, against an average volume of 8,012. Elmira Savings Bank has a 12-month low of $12.14 and a 12-month high of $23.22. The company has a market capitalization of $79.52 million, a PE ratio of 14.84 and a beta of 1.02. The company’s fifty-day simple moving average is $22.84 and its 200-day simple moving average is $18.72.
The company also recently announced a quarterly dividend, which was paid on Friday, December 10. Shareholders of record on Friday, December 3 received a dividend of $0.15 per share. This represents an annualized dividend of $0.60 and a dividend yield of 2.63%. The ex-dividend date was Thursday, December 2. Elmira Savings Bank’s dividend payout ratio (DPR) is currently 38.96%.
About Elmira Savings Bank
Elmira Savings Bank provides financial services. Its offers checking, savings, certificates, deposit rates, advisory services, e-services, consumer loans, consumer rates, business loans and mortgages. Its portfolio includes home loans, business loans and consumer loans.
See also: Municipal bonds
This instant news alert was powered by MarketBeat’s storytelling science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in Elmira Savings Bank right now?
Before you consider Elmira Savings Bank, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Elmira Savings Bank was not on the list.
While Elmira Savings Bank currently has an “N/A” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here