ESSA Bancorp, Inc. (ESSA) Insider Sells $118,640.00 in Stock
ESSA Bancorp, Inc. (NASDAQ:ESSA) insider Gary S. Olson sold 8,000 shares of the stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $14.83, for a total transaction of $118,640.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Gary S. Olson also recently made the following trade(s):
- On Monday, August 28th, Gary S. Olson sold 8,000 shares of ESSA Bancorp stock. The stock was sold at an average price of $14.81, for a total transaction of $118,480.00.
Shares of ESSA Bancorp, Inc. (NASDAQ:ESSA) opened at 14.81 on Friday. ESSA Bancorp, Inc. has a 52-week low of $12.93 and a 52-week high of $16.91. The firm has a market cap of $158.14 million, a P/E ratio of 23.14 and a beta of 0.27. The company’s 50-day moving average is $14.80 and its 200-day moving average is $14.93.
ESSA Bancorp (NASDAQ:ESSA) last announced its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter. The business had revenue of $13.28 million during the quarter. ESSA Bancorp had a return on equity of 3.97% and a net margin of 10.35%. Equities research analysts forecast that ESSA Bancorp, Inc. will post $0.70 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Saturday, September 30th. Stockholders of record on Saturday, September 16th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.36 annualized dividend and a dividend yield of 2.43%. ESSA Bancorp’s dividend payout ratio is 57.14%.
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Separately, TheStreet downgraded shares of ESSA Bancorp from a “b” rating to a “c+” rating in a research report on Wednesday, May 17th.
Several institutional investors have recently made changes to their positions in ESSA. Sei Investments Co. lifted its holdings in shares of ESSA Bancorp by 20.8% during the 2nd quarter. Sei Investments Co. now owns 13,984 shares of the financial services provider’s stock valued at $206,000 after buying an additional 2,409 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of ESSA Bancorp by 2.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 57,289 shares of the financial services provider’s stock valued at $844,000 after buying an additional 1,275 shares during the last quarter. Kennedy Capital Management Inc. lifted its holdings in shares of ESSA Bancorp by 3.2% during the 2nd quarter. Kennedy Capital Management Inc. now owns 247,077 shares of the financial services provider’s stock valued at $3,637,000 after buying an additional 7,630 shares during the last quarter. Teachers Advisors LLC lifted its holdings in shares of ESSA Bancorp by 9.3% during the 2nd quarter. Teachers Advisors LLC now owns 16,019 shares of the financial services provider’s stock valued at $236,000 after buying an additional 1,360 shares during the last quarter. Finally, TIAA CREF Investment Management LLC lifted its holdings in shares of ESSA Bancorp by 4.3% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 22,104 shares of the financial services provider’s stock valued at $325,000 after buying an additional 905 shares during the last quarter. Institutional investors and hedge funds own 42.93% of the company’s stock.
ESSA Bancorp Company Profile
ESSA Bancorp, Inc is a holding company for ESSA Bank & Trust (the Bank). The Bank is a community-oriented savings bank. The Bank provides financial services to individuals, families and businesses through its banking offices, located in Monroe, Northampton, Lehigh, Lackawanna, Luzerne, Chester, Delaware and Montgomery Counties, Pennsylvania.
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