Elmira Savings Bank (NASDAQ:ESBK – Get Rating) saw strong short-term interest growth in April. As of April 15, there were short interests totaling 700 shares, a growth of 16.7% from the total of 600 shares as of March 31. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 3,600 shares, the short interest rate is currently 0.2 days.
ESBK opened at $23.05 on Friday. The company has a 50-day moving average of $22.96 and a 200-day moving average of $22.88. Elmira Savings Bank has a fifty-two week minimum of $12.80 and a fifty-two week maximum of $23.22.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 11. Investors of record on Thursday, March 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 Wednesday, March 2. Elmira Savings Bank’s payout ratio is 40.82%.
Several hedge funds have recently changed their stock holdings. BlackRock Inc. increased its stake in shares of Elmira Savings Bank by 12.9% in the 3rd quarter. BlackRock Inc. now owns 8,552 shares of the real estate investment trust worth $114,000 after acquiring 976 additional shares in the last quarter. Royal Bank of Canada bought a new position in shares of Elmira Savings Bank in Q3 valued at around $52,000. Valicenti Advisory Services Inc. increased its stake in Elmira Savings Bank shares by 5.1% in the 4th quarter. Valicenti Advisory Services Inc. now owns 112,411 shares of the real estate investment trust worth $2,570,000 after acquiring an additional 5,494 shares in the last quarter. PenderFund Capital Management Ltd. bought a new position in shares of Elmira Savings Bank in the 4th quarter, valued at approximately $165,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in shares of Elmira Savings Bank in the 4th quarter worth about $237,000.
Elmira Savings Bank Company Profile (Get an evaluation)
Elmira Savings Bank provides financial services to consumers and businesses. It offers savings and money market accounts, term deposits, retail and commercial checking accounts, and NOW accounts; certificates of deposit; residential and commercial real estate, construction, commercial loans, as well as consumer loans, including installment loans, overdraft line of credit and home equity loans; and mortgage loans secured by first and second liens on single family residences of four.
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