Elmira Savings Bank (NASDAQ:ESBK) Stock Price Passes Below Two Hundred Day Moving Average of $16.06

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Elmira Savings Bank (NASDAQ:ESBK)’s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $16.06 and traded as low as $14.32. Elmira Savings Bank shares last traded at $14.33, with a volume of 100 shares.

Separately, TheStreet downgraded shares of Elmira Savings Bank from a “b-” rating to a “c” rating in a research note on Tuesday, September 10th.

The firm’s 50 day moving average price is $14.51 and its 200-day moving average price is $16.06. The firm has a market cap of $49.45 million, a price-to-earnings ratio of 13.79 and a beta of 0.32.

Elmira Savings Bank (NASDAQ:ESBK) last announced its quarterly earnings data on Wednesday, July 17th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter. The company had revenue of $5.22 million during the quarter.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, September 6th were paid a $0.23 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.92 annualized dividend and a dividend yield of 6.46%.

Several institutional investors have recently made changes to their positions in the company. Morgan Stanley grew its stake in shares of Elmira Savings Bank by 61.4% in the second quarter. Morgan Stanley now owns 9,937 shares of the real estate investment trust’s stock worth $159,000 after acquiring an additional 3,780 shares during the last quarter. Valicenti Advisory Services Inc. boosted its stake in Elmira Savings Bank by 1.2% during the second quarter. Valicenti Advisory Services Inc. now owns 125,121 shares of the real estate investment trust’s stock worth $2,008,000 after buying an additional 1,500 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in Elmira Savings Bank by 30.0% during the fourth quarter. Bank of America Corp DE now owns 8,300 shares of the real estate investment trust’s stock worth $145,000 after buying an additional 1,913 shares in the last quarter. Institutional investors and hedge funds own 15.36% of the company’s stock.

About Elmira Savings Bank (NASDAQ:ESBK)

Elmira Savings Bank provides banking products and services to individual and commercial customers. It accepts savings and money market accounts, time deposits, retail and commercial checking accounts, certificates of deposit, individual retirement arrangements, and NOW accounts. The company also provides consumer loans comprising auto, truck, and motorcycle loans; personal loans; boats, recreational vehicles, and other outdoor sports equipment loans; home improvement/equity loans; jacuzzi/hot tub/pool loans; and lines of credit.

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