Elmira Savings Bank (NASDAQ: ESBK – Get a rating) benefited from a significant drop in short-term interest in April. As of April 30, there was short interest totaling 600 shares, down 14.3% from April 15’s total of 700 shares. Based on an average daily volume of 3,600 shares, the day-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s shares are sold short.
Shares of ESBK Action opened at $23.08 on Wednesday. The company’s 50-day moving average price is $22.99 and its 200-day moving average price is $22.90. Elmira Savings Bank has a 12-month low of $12.80 and a 12-month high of $23.22.
The company also recently declared a quarterly dividend, which was paid on Friday, March 11. Shareholders of record on Thursday, March 3 received a dividend of $0.15 per share. 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%.
Hedge funds have recently changed their positions in the business. Royal Bank of Canada acquired a new position in shares of Elmira Savings Bank in the third quarter worth approximately $52,000. BlackRock Inc. increased its stake in shares of Elmira Savings Bank by 12.9% in the third quarter. BlackRock Inc. now owns 8,552 shares of the real estate investment trust worth $114,000 after acquiring an additional 976 shares during the period. PenderFund Capital Management Ltd. acquired a new position in shares of Elmira Savings Bank in the fourth quarter worth approximately $165,000. Bank of Montreal Can acquired a new position in shares of Elmira Savings Bank in the first quarter worth approximately $234,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in shares of Elmira Savings Bank in the fourth quarter worth approximately $237,000.
Elmira Savings Bank Company Profile (Get a rating)
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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