ESSA Bancorp, Inc. (ESSA) Shares Bought by Gendell Jeffrey L

Gendell Jeffrey L boosted its position in ESSA Bancorp, Inc. (NASDAQ:ESSA) by 15.8% in the 4th quarter, HoldingsChannel reports. The firm owned 275,447 shares of the financial services provider’s stock after buying an additional 37,611 shares during the period. Gendell Jeffrey L’s holdings in ESSA Bancorp were worth $4,450,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. TIAA CREF Investment Management LLC increased its stake in 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 valued at $325,000 after purchasing an additional 905 shares in the last quarter. Bank of New York Mellon Corp increased its stake in 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 valued at $844,000 after purchasing an additional 1,275 shares in the last quarter. Teachers Advisors LLC increased its stake in ESSA Bancorp by 9.3% in the 2nd quarter. Teachers Advisors LLC now owns 16,019 shares of the financial services provider’s stock valued at $236,000 after purchasing an additional 1,360 shares in the last quarter. Vanguard Group Inc. increased its stake in ESSA Bancorp by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 470,521 shares of the financial services provider’s stock valued at $6,926,000 after purchasing an additional 2,279 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in ESSA Bancorp by 51.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,901 shares of the financial services provider’s stock valued at $160,000 after purchasing an additional 3,704 shares in the last quarter. 40.65% of the stock is owned by hedge funds and other institutional investors.

ESSA Bancorp, Inc. (NASDAQ ESSA) opened at $15.64 on Monday. ESSA Bancorp, Inc. has a one year low of $14.01 and a one year high of $16.91. The firm has a market capitalization of $182.32, a P/E ratio of 23.00 and a beta of 0.26. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.86.

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

In related news, VP Thomas J. Grayuski sold 8,383 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $16.35, for a total value of $137,062.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 8.83% of the company’s stock.

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ESSA Bancorp 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.

Want to see what other hedge funds are holding ESSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ESSA Bancorp, Inc. (NASDAQ:ESSA).

Institutional Ownership by Quarter for ESSA Bancorp (NASDAQ:ESSA)

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