ESSA Bancorp, Inc. (ESSA) To Go Ex-Dividend on June 14th

ESSA Bancorp, Inc. (NASDAQ:ESSA) announced a quarterly dividend on Wednesday, May 22nd, Zacks reports. Stockholders of record on Friday, June 14th will be given a dividend of 0.15 per share by the financial services provider on Friday, June 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date of this dividend is Friday, June 14th.

ESSA Bancorp has increased its dividend by an average of 10.9% annually over the last three years and has raised its dividend every year for the last 6 years. ESSA Bancorp has a dividend payout ratio of 30.9% meaning its dividend is sufficiently covered by earnings. Analysts expect ESSA Bancorp to earn $1.94 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 30.9%.

ESSA Bancorp Trading Down 0.8 %

Shares of NASDAQ ESSA traded down $0.14 during midday trading on Friday, reaching $17.61. The company had a trading volume of 8,677 shares, compared to its average volume of 7,506. ESSA Bancorp has a one year low of $13.80 and a one 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 firm’s fifty day moving average price is $17.18 and its 200-day moving average price is $17.86. The stock has a market cap of $178.39 million, a PE ratio of 9.52 and a beta of 0.35.

ESSA Bancorp (NASDAQ:ESSA) last released its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.13. The business had revenue of $16.86 million during the quarter, compared to analyst estimates of $16.29 million. ESSA Bancorp had a return on equity of 8.12% and a net margin of 16.84%. On average, equities research analysts anticipate that ESSA Bancorp will post 1.8 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised ESSA Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, February 27th.

About ESSA Bancorp

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.