Connor Clark & Lunn Investment Management Ltd. Acquires 7,696 Shares of ESSA Bancorp, Inc. (NASDAQ:ESSA)

Connor Clark & Lunn Investment Management Ltd. boosted its holdings in ESSA Bancorp, Inc. (NASDAQ:ESSA) by 51.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,539 shares of the financial services provider’s stock after purchasing an additional 7,696 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.22% of ESSA Bancorp worth $433,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Northeast Financial Group Inc. boosted its holdings in shares of 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 worth $314,000 after buying an additional 700 shares during the last quarter. Signature Estate & Investment Advisors LLC bought a new stake in ESSA Bancorp in the second quarter worth about $300,000. Panagora Asset Management Inc. raised its position in ESSA Bancorp by 4.8% in the second 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. Bank of New York Mellon Corp boosted its stake in ESSA Bancorp by 3.4% in the second quarter. Bank of New York Mellon Corp now owns 30,115 shares of the financial services provider’s stock valued at $530,000 after acquiring an additional 977 shares during the last quarter. Finally, Empowered Funds LLC grew its position in shares of ESSA Bancorp by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 47,608 shares of the financial services provider’s stock valued at $915,000 after acquiring an additional 2,412 shares during the period. Institutional investors own 54.15% of the company’s stock.

ESSA Bancorp Trading Up 0.9 %

NASDAQ:ESSA opened at $20.67 on Friday. ESSA Bancorp, Inc. has a 12 month low of $15.29 and a 12 month high of $21.50. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.04. The firm’s 50 day moving average is $19.39 and its 200 day moving average is $18.36. The stock has a market capitalization of $209.39 million, a PE ratio of 11.51 and a beta of 0.37.

ESSA Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.60 annualized dividend and a dividend yield of 2.90%. ESSA Bancorp’s payout ratio is presently 33.71%.

About ESSA Bancorp

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.