Signature Estate & Investment Advisors LLC Sells 1,070 Shares of ESSA Bancorp, Inc. (NASDAQ:ESSA)

Signature Estate & Investment Advisors LLC trimmed its stake in shares of ESSA Bancorp, Inc. (NASDAQ:ESSA) by 6.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,012 shares of the financial services provider’s stock after selling 1,070 shares during the period. Signature Estate & Investment Advisors LLC owned about 0.16% of ESSA Bancorp worth $312,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ESSA. Connor Clark & Lunn Investment Management Ltd. increased its holdings 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 worth $433,000 after purchasing an additional 7,696 shares in the last quarter. State Street Corp boosted its position in shares of ESSA Bancorp by 0.5% during the third quarter. State Street Corp now owns 115,996 shares of the financial services provider’s stock worth $2,229,000 after buying an additional 554 shares during the period. Barclays PLC grew its holdings in shares of ESSA Bancorp by 184.2% during the third quarter. Barclays PLC now owns 13,723 shares of the financial services provider’s stock worth $264,000 after buying an additional 8,895 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of ESSA Bancorp by 2.4% during the third quarter. Geode Capital Management LLC now owns 186,094 shares of the financial services provider’s stock worth $3,577,000 after buying an additional 4,431 shares in the last quarter. Finally, JPMorgan Chase & Co. raised 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 buying an additional 8,136 shares during the last quarter. 54.15% of the stock is owned by institutional investors.

ESSA Bancorp Stock Down 0.4 %

ESSA Bancorp stock opened at $18.96 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.04. ESSA Bancorp, Inc. has a 1-year low of $15.29 and a 1-year high of $22.22. The company has a fifty day simple moving average of $20.54 and a 200 day simple moving average of $19.81. The company has a market cap of $192.54 million, a P/E ratio of 10.90 and a beta of 0.40.

ESSA Bancorp (NASDAQ:ESSA) last announced its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.41 earnings per share for the quarter. ESSA Bancorp had a return on equity of 7.27% and a net margin of 14.83%.

ESSA Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date is Monday, March 17th. ESSA Bancorp’s dividend payout ratio is currently 34.48%.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of ESSA Bancorp in a research note on Wednesday. They set a “hold” rating for the company.

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.