State Street Corp Grows Stake in ESSA Bancorp, Inc. (NASDAQ:ESSA)

State Street Corp lifted its holdings in shares of ESSA Bancorp, Inc. (NASDAQ:ESSA) by 0.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 115,996 shares of the financial services provider’s stock after acquiring an additional 554 shares during the quarter. State Street Corp owned approximately 1.15% of ESSA Bancorp worth $2,229,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northeast Financial Group Inc. boosted its position in ESSA Bancorp by 4.5% during 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 in the last quarter. Bank of New York Mellon Corp grew 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 worth $530,000 after purchasing an additional 977 shares during the period. Panagora Asset Management Inc. raised its holdings 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 purchasing an additional 1,343 shares in the last quarter. Empowered Funds LLC lifted its position in ESSA Bancorp by 5.3% during the third quarter. Empowered Funds LLC now owns 47,608 shares of the financial services provider’s stock valued at $915,000 after buying an additional 2,412 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of 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 buying an additional 7,696 shares in the last quarter. Hedge funds and other institutional investors own 54.15% of the company’s stock.

ESSA Bancorp Stock Up 1.1 %

Shares of ESSA Bancorp stock opened at $19.50 on Thursday. ESSA Bancorp, Inc. has a 1 year low of $15.29 and a 1 year high of $21.50. The firm has a market cap of $198.02 million, a price-to-earnings ratio of 10.96 and a beta of 0.38. The company has a 50-day moving average of $19.83 and a 200 day moving average of $18.83. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.94 and a quick ratio of 0.94.

ESSA Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date was Monday, December 16th. ESSA Bancorp’s dividend payout ratio is 33.71%.

ESSA Bancorp Company Profile

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.