ESSA Bancorp, Inc. (ESSA) Posts Earnings Results
ESSA Bancorp, Inc. (NASDAQ:ESSA) issued its quarterly earnings data on Wednesday. The financial services provider reported $0.16 earnings per share for the quarter, Bloomberg Earnings reports. The firm had revenue of $13.28 million during the quarter. ESSA Bancorp had a return on equity of 4.19% and a net margin of 10.80%.
Shares of ESSA Bancorp (NASDAQ ESSA) remained flat at $14.93 during midday trading on Thursday. The company’s stock had a trading volume of 852 shares. The stock’s 50 day moving average price is $14.97 and its 200-day moving average price is $15.18. The company has a market cap of $158.14 million, a price-to-earnings ratio of 21.96 and a beta of 0.26. ESSA Bancorp has a 1-year low of $12.93 and a 1-year high of $16.91.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Friday, June 16th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend was Wednesday, June 14th. ESSA Bancorp’s dividend payout ratio (DPR) is currently 53.73%.
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A number of equities research analysts recently weighed in on the company. TheStreet cut ESSA Bancorp from a “b” rating to a “c+” rating in a research note on Wednesday, May 17th. Maxim Group restated a “hold” rating on shares of ESSA Bancorp in a research note on Wednesday, April 19th.
In related news, Director Daniel J. Henning sold 3,200 shares of the business’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $14.65, for a total transaction of $46,880.00. Following the completion of the transaction, the director now directly owns 62,261 shares of the company’s stock, valued at approximately $912,123.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider V Gail Bryant sold 5,000 shares of the business’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $14.92, for a total value of $74,600.00. The disclosure for this sale can be found here. Insiders have sold a total of 18,487 shares of company stock valued at $273,118 over the last three months. 12.39% of the stock is currently owned by insiders.
ESSA Bancorp Company Profile
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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