ESSA Bancorp, Inc. (NASDAQ:ESSA) VP Sells $19,920.00 in Stock

ESSA Bancorp, Inc. (NASDAQ:ESSA) VP Thomas J. Grayuski sold 1,000 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $19.92, for a total transaction of $19,920.00. Following the completion of the transaction, the vice president now owns 58,814 shares in the company, valued at $1,171,574.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

ESSA Bancorp Stock Up 0.2 %

ESSA Bancorp stock traded up $0.04 during mid-day trading on Friday, hitting $20.18. The company had a trading volume of 12,526 shares, compared to its average volume of 13,204. The stock has a market cap of $204.42 million, a price-to-earnings ratio of 10.90 and a beta of 0.37. ESSA Bancorp, Inc. has a 1 year low of $14.30 and a 1 year high of $20.87. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.04. The business has a fifty day moving average of $17.60 and a 200 day moving average of $17.75.

ESSA Bancorp (NASDAQ:ESSA) last announced its earnings results on Wednesday, April 24th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.13. The business had revenue of $16.86 million for the quarter, compared to analyst estimates of $16.29 million. ESSA Bancorp had a net margin of 15.78% and a return on equity of 7.88%. On average, sell-side analysts expect that ESSA Bancorp, Inc. will post 1.8 earnings per share for the current fiscal year.

ESSA Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.97%. ESSA Bancorp’s dividend payout ratio (DPR) is presently 32.43%.

Hedge Funds Weigh In On ESSA Bancorp

Hedge funds have recently modified their holdings of the business. New York State Common Retirement Fund grew its position in shares of ESSA Bancorp by 1,141.9% during the fourth quarter. New York State Common Retirement Fund now owns 3,378 shares of the financial services provider’s stock worth $68,000 after acquiring an additional 3,106 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of ESSA Bancorp by 27.1% during the first quarter. BNP Paribas Financial Markets now owns 4,502 shares of the financial services provider’s stock worth $82,000 after purchasing an additional 961 shares during the period. Signature Estate & Investment Advisors LLC acquired a new stake in shares of ESSA Bancorp during the second quarter worth $300,000. Panagora Asset Management Inc. lifted its holdings in shares of ESSA Bancorp by 2.7% during the fourth quarter. Panagora Asset Management Inc. now owns 22,001 shares of the financial services provider’s stock worth $440,000 after purchasing an additional 578 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of ESSA Bancorp by 3.4% during the second quarter. Bank of New York Mellon Corp now owns 30,115 shares of the financial services provider’s stock worth $530,000 after purchasing an additional 977 shares during the period. 54.15% of the stock is currently owned by hedge funds and other institutional investors.

ESSA Bancorp Company Profile

ESSA Bancorp, Inc operates as a bank holding company for ESSA Bank & Trust that provides a range of financial services to individuals, families, and businesses in Pennsylvania. The company accepts 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.