Elmira Savings Bank (NASDAQ:ESBK) Shares Cross Below Two Hundred Day Moving Average of $15.03

Elmira Savings Bank (NASDAQ:ESBK)’s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $15.03 and traded as low as $15.00. Elmira Savings Bank shares last traded at $15.00, with a volume of 100 shares traded.

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

The firm has a market capitalization of $52.81 million, a price-to-earnings ratio of 15.16 and a beta of 0.35. The stock has a 50 day moving average of $14.72 and a 200 day moving average of $15.00.

Elmira Savings Bank (NASDAQ:ESBK) last issued its earnings results on Wednesday, October 16th. The real estate investment trust reported $0.26 EPS for the quarter. The company had revenue of $5.38 million during the quarter.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, December 6th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.92 dividend on an annualized basis and a yield of 6.15%.

An institutional investor recently raised its position in Elmira Savings Bank stock. Morgan Stanley raised its stake in Elmira Savings Bank (NASDAQ:ESBK) by 61.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,937 shares of the real estate investment trust’s stock after acquiring an additional 3,780 shares during the period. Morgan Stanley owned 0.29% of Elmira Savings Bank worth $159,000 as of its most recent SEC filing. 11.97% of the stock is currently owned by institutional investors.

Elmira Savings Bank Company Profile (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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