ESSA Bancorp, Inc. (NASDAQ:ESSA) Director Joseph S. Durkin bought 1,200 shares of the firm’s stock in a transaction on Friday, October 27th. The shares were purchased at an average price of $16.20 per share, for a total transaction of $19,440.00. Following the completion of the transaction, the director now owns 8 shares of the company’s stock, valued at approximately $129.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
ESSA Bancorp, Inc. (NASDAQ:ESSA) traded up 1.83% during mid-day trading on Friday, reaching $16.10. The company’s stock had a trading volume of 14,934 shares. The firm has a market capitalization of $171.92 million, a P/E ratio of 25.16 and a beta of 0.27. ESSA Bancorp, Inc. has a 52 week low of $12.93 and a 52 week high of $16.91. The firm’s 50 day moving average price is $15.43 and its 200 day moving average price is $15.00.
ESSA Bancorp (NASDAQ:ESSA) last issued its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter. ESSA Bancorp had a return on equity of 4.15% and a net margin of 11.03%. The company had revenue of $13.86 million for the quarter. On average, analysts anticipate that ESSA Bancorp, Inc. will post $0.70 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Saturday, September 30th. Stockholders of record on Saturday, September 16th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 2.24%. The ex-dividend date was Thursday, September 14th. ESSA Bancorp’s dividend payout ratio (DPR) is presently 52.94%.
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Hedge funds have recently modified their holdings of the company. Sei Investments Co. grew its holdings in shares of ESSA Bancorp by 20.8% in the 2nd quarter. Sei Investments Co. now owns 13,984 shares of the financial services provider’s stock worth $206,000 after acquiring an additional 2,409 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of ESSA Bancorp by 2.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 57,289 shares of the financial services provider’s stock worth $844,000 after acquiring an additional 1,275 shares during the last quarter. Kennedy Capital Management Inc. grew its holdings in shares of ESSA Bancorp by 3.2% in the 2nd quarter. Kennedy Capital Management Inc. now owns 247,077 shares of the financial services provider’s stock worth $3,637,000 after acquiring an additional 7,630 shares during the last quarter. Teachers Advisors LLC grew its holdings in shares of ESSA Bancorp by 9.3% in the 2nd quarter. Teachers Advisors LLC now owns 16,019 shares of the financial services provider’s stock worth $236,000 after acquiring an additional 1,360 shares during the last quarter. Finally, TIAA CREF Investment Management LLC grew its holdings in shares of ESSA Bancorp by 4.3% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 22,104 shares of the financial services provider’s stock worth $325,000 after acquiring an additional 905 shares during the last quarter. Institutional investors own 42.87% of the company’s stock.
About ESSA Bancorp
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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