Elmira Savings Bank (NASDAQ: ESBK) benefited from a significant increase in overdraft interest during the month of November. As of November 30, there was short interest totaling 6,000 shares, an increase of 36.4% from the total of 4,400 shares as of November 15. Based on an average daily volume of 14,900 shares, the short-term interest rate is currently 0.4 days. About 0.2% of the stock’s shares are sold short.
Hedge funds and other institutional investors have recently increased or reduced their stakes in the company. BCK Partners Inc. purchased a new stake in the shares of Elmira Savings Bank in the 3rd quarter for a value of approximately $ 176,000. Royal Bank of Canada purchased a new stake in shares of Elmira Savings Bank in the 3rd quarter for a value of approximately $ 52,000. BlackRock Inc. raised its stake in Elmira Savings Bank shares by 12.9% in the 3rd quarter. BlackRock Inc. now owns 8,552 real estate investment trust shares valued at $ 114,000 after acquiring an additional 976 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Elmira Savings Bank shares by 4.8% in the second quarter. Dimensional Fund Advisors LP now owns 15,723 Real Estate Investment Trust shares valued at $ 225,000 after acquiring an additional 727 shares in the last quarter. 10.04% of the capital is held by institutional investors.
ESBK shares opened at $ 23.05 on Friday. The company has a 50-day moving average price of $ 22.23 and a 200-day moving average price of $ 16.89. Elmira Savings Bank has a 12-month low of $ 11.40 and a 12-month high of $ 23.22. The company has a market cap of $ 80.21 million, a P / E ratio of 14.97 and a beta of 1.03.
Elmira Savings Bank (NASDAQ: ESBK) last released its quarterly results on Wednesday, October 20. The real estate investment trust reported earnings per share (EPS) of $ 0.43 for the quarter. The company reported sales of $ 6.27 million for the quarter.
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. This represents a dividend of $ 0.60 on an annualized basis and a dividend yield of 2.60%. 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 is engaged in the provision of financial services. Its offerings of verification, savings, certificates, deposit rates, advisory services, electronic services, consumer loans, consumer rates, business loans and mortgages. Its portfolio includes mortgage loans, business loans and consumer loans.
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