ESSA Bancorp, Inc. (NASDAQ:ESSA) announced a quarterly dividend on Thursday, March 1st, Wall Street Journal reports. Shareholders of record on Friday, March 16th will be paid 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 yield of 2.50%. The ex-dividend date is Thursday, March 15th.

Shares of ESSA Bancorp (NASDAQ:ESSA) opened at $14.40 on Wednesday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.86. The stock has a market cap of $172.64, a P/E ratio of 21.18 and a beta of 0.35. ESSA Bancorp has a 1 year low of $14.01 and a 1 year high of $16.80.

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In other ESSA Bancorp news, VP Thomas J. Grayuski sold 8,383 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $16.35, for a total transaction of $137,062.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gary S. Olson sold 3,340 shares of the firm’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $14.78, for a total transaction of $49,365.20. The disclosure for this sale can be found here. Insiders have sold 30,402 shares of company stock valued at $457,748 over the last 90 days. Company insiders own 8.83% of the company’s stock.

An institutional investor recently raised its position in ESSA Bancorp stock. The Manufacturers Life Insurance Company increased its holdings in ESSA Bancorp, Inc. (NASDAQ:ESSA) by 51.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,901 shares of the financial services provider’s stock after buying an additional 3,704 shares during the period. The Manufacturers Life Insurance Company owned 0.10% of ESSA Bancorp worth $160,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 40.84% of the company’s stock.

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

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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.

Dividend History for ESSA Bancorp (NASDAQ:ESSA)

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