Northern Trust Corp raised its position in ESSA Bancorp, Inc. (NASDAQ:ESSA) by 10.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 123,063 shares of the financial services provider’s stock after acquiring an additional 12,094 shares during the quarter. Northern Trust Corp owned approximately 1.15% of ESSA Bancorp worth $1,811,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Sei Investments Co. lifted its stake in ESSA Bancorp by 20.8% in the second 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. Teachers Advisors LLC lifted its stake in ESSA Bancorp by 9.3% in the second 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. TIAA CREF Investment Management LLC lifted its stake in ESSA Bancorp by 4.3% in the second 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. Bank of New York Mellon Corp lifted its stake in ESSA Bancorp by 2.3% in the second 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. Finally, Kennedy Capital Management Inc. lifted its stake in ESSA Bancorp by 3.2% in the second 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. Institutional investors own 40.71% of the company’s stock.

ESSA Bancorp, Inc. (ESSA) opened at $16.03 on Friday. ESSA Bancorp, Inc. has a 12 month low of $14.01 and a 12 month high of $16.91. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.10. The stock has a market cap of $184.84, a P/E ratio of 23.44 and a beta of 0.24.

ESSA Bancorp (NASDAQ:ESSA) last issued its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.19 earnings per share for the quarter. The business had revenue of $13.86 million during the quarter. ESSA Bancorp had a net margin of 11.03% and a return on equity of 4.15%.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, December 30th. Stockholders of record on Saturday, December 16th will be given a dividend of $0.09 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.36 annualized dividend and a dividend yield of 2.25%. ESSA Bancorp’s dividend payout ratio is presently 52.94%.

In other news, insider Gary S. Olson sold 3,624 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $15.97, for a total transaction of $57,875.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Thomas J. Grayuski sold 6,654 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $16.12, for a total transaction of $107,262.48. The disclosure for this sale can be found here. Insiders have sold a total of 42,399 shares of company stock valued at $644,384 in the last 90 days. Insiders own 12.39% of the company’s stock.

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

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