ESSA Bancorp, Inc. Declares Quarterly Dividend of $0.09 (ESSA)

ESSA Bancorp, Inc. (NASDAQ:ESSA) announced a quarterly dividend on Thursday, March 1st, Wall Street Journal reports. Investors of record on Friday, March 16th will be given a dividend of 0.09 per share by the financial services provider on Friday, March 30th. This represents a $0.36 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend is Thursday, March 15th.

Shares of NASDAQ:ESSA traded down $0.03 during midday trading on Thursday, hitting $14.61. The company had a trading volume of 3,829 shares, compared to its average volume of 14,382. ESSA Bancorp has a twelve month low of $14.16 and a twelve month high of $16.80. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market cap of $167.51, a PE ratio of 21.13 and a beta of 0.36.

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In other ESSA Bancorp news, CEO Gary S. Olson sold 3,340 shares of the firm’s stock in a transaction on Monday, March 12th. The stock was sold at an average price of $14.78, for a total transaction of $49,365.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Thomas J. Grayuski sold 8,383 shares of the firm’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $16.35, for a total value of $137,062.05. The disclosure for this sale can be found here. In the last three months, insiders have sold 30,726 shares of company stock valued at $462,527. 8.83% of the stock is owned by insiders.

A hedge fund recently raised its stake in ESSA Bancorp stock. State Street Corp boosted its holdings in shares of ESSA Bancorp, Inc. (NASDAQ:ESSA) by 4.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 125,466 shares of the financial services provider’s stock after acquiring an additional 5,201 shares during the quarter. State Street Corp owned about 1.17% of ESSA Bancorp worth $1,846,000 at the end of the most recent quarter. 40.84% of the stock is owned by institutional investors.

Separately, TheStreet cut ESSA Bancorp from a “b” rating to a “c+” rating in a report on Friday, January 26th.

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About ESSA Bancorp

ESSA Bancorp, Inc operates as the holding company for ESSA Bank & Trust that provides a range of financial services to individuals, families, and businesses in Pennsylvania. Its deposit products include savings accounts, interest bearing demand accounts, checking accounts, money market accounts, club accounts, certificates of deposit and IRAs, and other qualified plan accounts, as well as commercial checking accounts for businesses.

Dividend History for ESSA Bancorp (NASDAQ:ESSA)

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