ESSA Bancorp, Inc. (ESSA) Insider Diane K. Reimer Sells 10,700 Shares

ESSA Bancorp, Inc. (NASDAQ:ESSA) insider Diane K. Reimer sold 10,700 shares of the business’s stock in a transaction that occurred on Wednesday, June 13th. The shares were sold at an average price of $15.55, for a total value of $166,385.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shares of ESSA Bancorp traded down $0.12, hitting $15.77, during mid-day trading on Thursday, according to Marketbeat. 300 shares of the stock traded hands, compared to its average volume of 14,090. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.79. ESSA Bancorp, Inc. has a 52 week low of $14.16 and a 52 week high of $16.80. The firm has a market capitalization of $186.03 million, a PE ratio of 45.17 and a beta of 0.38.

The company also recently declared a quarterly dividend, which will be paid on Saturday, June 30th. Investors of record on Saturday, June 16th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $0.36 annualized dividend and a dividend yield of 2.28%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ESSA. Wells Fargo & Company MN boosted its position in shares of ESSA Bancorp by 53.2% during the fourth quarter. Wells Fargo & Company MN now owns 14,132 shares of the financial services provider’s stock valued at $222,000 after purchasing an additional 4,908 shares in the last quarter. Deutsche Bank AG boosted its position in shares of ESSA Bancorp by 13.3% during the fourth quarter. Deutsche Bank AG now owns 35,463 shares of the financial services provider’s stock valued at $553,000 after purchasing an additional 4,161 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of ESSA Bancorp by 12.9% during the fourth quarter. Bank of New York Mellon Corp now owns 62,888 shares of the financial services provider’s stock valued at $986,000 after purchasing an additional 7,206 shares in the last quarter. Gendell Jeffrey L boosted its holdings in ESSA Bancorp by 5.1% in the first quarter. Gendell Jeffrey L now owns 289,612 shares of the financial services provider’s stock worth $4,248,000 after acquiring an additional 14,165 shares in the last quarter. Finally, Maltese Capital Management LLC boosted its holdings in ESSA Bancorp by 18.7% in the first quarter. Maltese Capital Management LLC now owns 603,090 shares of the financial services provider’s stock worth $8,847,000 after acquiring an additional 94,800 shares in the last quarter. Institutional investors own 40.81% of the company’s stock.

Separately, TheStreet raised ESSA Bancorp from a “c+” rating to a “b-” rating in a research note on Friday, June 1st.

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.

Insider Buying and Selling by Quarter for ESSA Bancorp (NASDAQ:ESSA)

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