ESSA Bancorp, Inc. (NASDAQ:ESSA) insider Diane K. Reimer sold 10,700 shares of ESSA Bancorp stock in a transaction dated Wednesday, June 13th. The shares were sold at an average price of $15.55, for a total transaction of $166,385.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of NASDAQ:ESSA opened at $15.83 on Friday. The stock has a market capitalization of $183.09 million, a P/E ratio of 37.95 and a beta of 0.38. ESSA Bancorp, Inc. has a fifty-two week low of $14.16 and a fifty-two week high of $16.80. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.90 and a current ratio of 0.90.
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, June 30th. Investors of record on Saturday, June 16th will be given a $0.09 dividend. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $0.36 annualized dividend and a yield of 2.27%.
Large investors have recently modified their holdings of the stock. Wells Fargo & Company MN increased its stake in ESSA Bancorp by 53.2% during the 4th quarter. Wells Fargo & Company MN now owns 14,132 shares of the financial services provider’s stock valued at $222,000 after buying an additional 4,908 shares during the period. Bank of New York Mellon Corp increased its stake in ESSA Bancorp by 12.9% during the 4th quarter. Bank of New York Mellon Corp now owns 62,888 shares of the financial services provider’s stock valued at $986,000 after buying an additional 7,206 shares during the period. Gendell Jeffrey L increased its stake in ESSA Bancorp by 15.8% during the 4th quarter. Gendell Jeffrey L now owns 275,447 shares of the financial services provider’s stock valued at $4,450,000 after buying an additional 37,611 shares during the period. Deutsche Bank AG increased its stake in ESSA Bancorp by 13.3% during the 4th quarter. Deutsche Bank AG now owns 35,463 shares of the financial services provider’s stock valued at $553,000 after buying an additional 4,161 shares during the period. Finally, Maltese Capital Management LLC increased its stake in ESSA Bancorp by 18.7% during the 1st quarter. Maltese Capital Management LLC now owns 603,090 shares of the financial services provider’s stock valued at $8,847,000 after buying an additional 94,800 shares during the period. Hedge funds and other institutional investors own 40.80% of the company’s stock.
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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