ESSA Bancorp, Inc. (NASDAQ:ESSA - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $18.73 and traded as high as $19.43. ESSA Bancorp shares last traded at $19.43, with a volume of 7,676 shares trading hands.
ESSA Bancorp Stock Performance
The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.94 and a current ratio of 0.94. The firm's 50-day moving average price is $19.86 and its two-hundred day moving average price is $18.73. The stock has a market cap of $195.28 million, a price-to-earnings ratio of 10.80 and a beta of 0.38.
ESSA Bancorp Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.60 annualized dividend and a dividend yield of 3.12%. ESSA Bancorp's dividend payout ratio is currently 33.71%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the business. Barclays PLC grew its position in ESSA Bancorp by 184.2% during the 3rd quarter. Barclays PLC now owns 13,723 shares of the financial services provider's stock worth $264,000 after purchasing an additional 8,895 shares during the last quarter. JPMorgan Chase & Co. increased its position in ESSA Bancorp by 126.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 14,567 shares of the financial services provider's stock valued at $280,000 after acquiring an additional 8,136 shares during the period. Northeast Financial Group Inc. increased its position in ESSA Bancorp by 4.5% in the 3rd quarter. Northeast Financial Group Inc. now owns 16,346 shares of the financial services provider's stock valued at $314,000 after acquiring an additional 700 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in ESSA Bancorp by 51.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 22,539 shares of the financial services provider's stock valued at $433,000 after acquiring an additional 7,696 shares during the last quarter. Finally, Panagora Asset Management Inc. lifted its position in ESSA Bancorp by 4.8% during the 2nd quarter. Panagora Asset Management Inc. now owns 29,444 shares of the financial services provider's stock worth $518,000 after acquiring an additional 1,343 shares during the period. 54.15% of the stock is owned by institutional investors and hedge funds.
About ESSA Bancorp
(
Get Free Report)
ESSA Bancorp, Inc operates as a bank holding company for ESSA Bank & Trust that provides a range of financial services to individuals, families, and businesses in Pennsylvania. The company accepts 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.
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