Elmira Savings Bank (NASDAQ:ESBK) Short Interest Down 40.0% in January


Elmira Savings Bank Inc (NASDAQ:ESBK) saw a sharp drop in short interest during the month of January. As of January 31, there was short interest totaling 1,800 shares, a decrease of 40.0% from the total of 3,000 shares as of January 15. Based on an average daily trading volume of 5,900 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the company’s shares are sold short.

Elmira Savings Bank shares opened at $22.95 on Monday. The company has a 50-day simple moving average of $22.85. Elmira Savings Bank has a 1 year minimum of $12.63 and a 1 year maximum of $23.22. The company has a market capitalization of $79.87 million, a P/E ratio of 15.50 and a beta of 0.99.

The company also recently declared a quarterly dividend, which was paid on Friday, December 10. Shareholders of record on Friday, December 3 received a dividend of $0.15. The ex-dividend date was Thursday, December 2. This represents a dividend of $0.60 on an annualized basis and a dividend yield of 2.61%. Elmira Savings Bank’s payout ratio is currently 40.54%.

Several institutional investors have recently bought and sold shares of the company. Royal Bank of Canada acquired a new stake in shares of Elmira Savings Bank in Q3 worth approximately $52,000. BlackRock Inc. increased its equity stake in 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. BCK Partners Inc. acquired a new equity stake in Elmira Savings Bank in Q3 worth approximately $176,000. Dimensional Fund Advisors LP increased its holdings of Elmira Savings Bank shares by 4.8% in the second quarter. Dimensional Fund Advisors LP now owns 15,723 shares of the real estate investment trust worth $225,000 after acquiring an additional 727 shares during the period. Finally, GABELLI & Co INVESTMENT ADVISERS INC. acquired a new equity stake in Elmira Savings Bank in Q4 worth approximately $237,000. Institutional investors hold 9.54% of the company’s shares.

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Elmira Savings Bank Company Profile

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.

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