ESSA Bancorp, Inc. (ESSA) Announces Quarterly Dividend of $0.10
ESSA Bancorp, Inc. (NASDAQ:ESSA) announced a quarterly dividend on Wednesday, November 21st, Wall Street Journal reports. Stockholders of record on Sunday, December 16th will be given a dividend of 0.10 per share by the financial services provider on Friday, December 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend is Thursday, December 13th. This is an increase from ESSA Bancorp’s previous quarterly dividend of $0.09.
ESSA Bancorp has increased its dividend by an average of 8.7% per year over the last three years.
ESSA Bancorp stock opened at $16.08 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.73. The stock has a market cap of $189.24 million, a PE ratio of 26.75 and a beta of 0.27. ESSA Bancorp has a 1-year low of $14.16 and a 1-year high of $16.80.
In other news, CEO Gary S. Olson sold 6,243 shares of the stock in a transaction dated Wednesday, October 3rd. The shares were sold at an average price of $16.25, for a total transaction of $101,448.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Daniel J. Henning sold 2,500 shares of the stock in a transaction dated Friday, October 26th. The stock was sold at an average price of $16.00, for a total transaction of $40,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,241 shares of company stock valued at $279,442. 8.83% of the stock is currently owned by company insiders.
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ESSA Bancorp Company Profile
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.
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