ESSA Bancorp (NASDAQ:ESSA) last posted its earnings results on Wednesday, July 26th. The financial services provider reported $0.16 EPS for the quarter. ESSA Bancorp had a net margin of 10.35% and a return on equity of 3.97%. The business had revenue of $13.28 million during the quarter. On average, analysts expect ESSA Bancorp to post $0.70 EPS for the current fiscal year and $1.11 EPS for the next fiscal year.
Shares of ESSA Bancorp, Inc. (ESSA) opened at 15.73 on Monday. The firm has a 50-day moving average of $15.40 and a 200-day moving average of $14.99. ESSA Bancorp, Inc. has a 52-week low of $12.93 and a 52-week high of $16.91. The company has a market cap of $167.96 million, a P/E ratio of 24.58 and a beta of 0.27.
The business also recently declared a quarterly dividend, which was paid on Saturday, September 30th. Shareholders of record on Saturday, September 16th were issued a $0.09 dividend. The ex-dividend date was Thursday, September 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.29%. ESSA Bancorp’s dividend payout ratio is currently 57.14%.
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In other ESSA Bancorp news, insider Gary S. Olson sold 3,624 shares of the firm’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $15.97, for a total value of $57,875.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders sold 43,624 shares of company stock valued at $653,635. Corporate insiders own 12.39% of the company’s stock.
A hedge fund recently raised its stake in ESSA Bancorp stock. The Manufacturers Life Insurance Company lifted its holdings in ESSA Bancorp, Inc. (NASDAQ:ESSA) by 51.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,901 shares of the financial services provider’s stock after acquiring an additional 3,704 shares during the quarter. The Manufacturers Life Insurance Company owned 0.10% of ESSA Bancorp worth $160,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 42.93% 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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