Valicenti Advisory Services Inc. Acquires 1,798 Shares of Elmira Savings Bank (NASDAQ:ESBK)

Valicenti Advisory Services Inc. boosted its holdings in Elmira Savings Bank (NASDAQ:ESBK) by 1.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 126,919 shares of the real estate investment trust’s stock after acquiring an additional 1,798 shares during the quarter. Valicenti Advisory Services Inc. owned 3.65% of Elmira Savings Bank worth $1,786,000 at the end of the most recent quarter.

Separately, Morgan Stanley grew its stake in Elmira Savings Bank by 61.4% during the second quarter. Morgan Stanley now owns 9,937 shares of the real estate investment trust’s stock worth $159,000 after buying an additional 3,780 shares during the last quarter. 15.36% of the stock is owned by institutional investors.

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

Shares of ESBK stock traded up $0.04 during trading hours on Monday, reaching $14.29. 1,575 shares of the company were exchanged, compared to its average volume of 6,914. Elmira Savings Bank has a fifty-two week low of $13.97 and a fifty-two week high of $20.40. The stock’s fifty day moving average is $14.27 and its two-hundred day moving average is $15.51. The company has a market cap of $50.25 million, a price-to-earnings ratio of 14.43 and a beta of 0.32.

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

About Elmira Savings Bank

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.

Further Reading: Basic Economics

Institutional Ownership by Quarter for Elmira Savings Bank (NASDAQ:ESBK)

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