PNC Financial Services Group Inc. Has $446,000 Stock Position in ESSA Bancorp, Inc. (NASDAQ:ESSA)

PNC Financial Services Group Inc. reduced its stake in shares of ESSA Bancorp, Inc. (NASDAQ:ESSAFree Report) by 6.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,285 shares of the financial services provider’s stock after selling 1,583 shares during the quarter. PNC Financial Services Group Inc. owned 0.22% of ESSA Bancorp worth $446,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of ESSA. Connor Clark & Lunn Investment Management Ltd. boosted its stake in ESSA Bancorp by 45.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,739 shares of the financial services provider’s stock valued at $221,000 after buying an additional 4,608 shares in the last quarter. New York State Common Retirement Fund boosted its stake in ESSA Bancorp by 1,141.9% in the fourth quarter. New York State Common Retirement Fund now owns 3,378 shares of the financial services provider’s stock valued at $68,000 after buying an additional 3,106 shares in the last quarter. Finally, Panagora Asset Management Inc. boosted its stake in ESSA Bancorp by 2.7% in the fourth quarter. Panagora Asset Management Inc. now owns 22,001 shares of the financial services provider’s stock valued at $440,000 after buying an additional 578 shares in the last quarter. 54.15% of the stock is owned by institutional investors and hedge funds.

ESSA Bancorp Stock Performance

NASDAQ:ESSA opened at $17.59 on Friday. The stock’s 50-day simple moving average is $16.95 and its 200 day simple moving average is $17.90. ESSA Bancorp, Inc. has a twelve month low of $14.30 and a twelve month high of $20.87. The firm has a market capitalization of $178.22 million, a PE ratio of 9.51 and a beta of 0.36. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.04.

ESSA Bancorp (NASDAQ:ESSAGet Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.13. ESSA Bancorp had a return on equity of 8.12% and a net margin of 16.84%. The firm had revenue of $16.86 million for the quarter, compared to analyst estimates of $16.29 million. On average, analysts anticipate that ESSA Bancorp, Inc. will post 1.8 EPS for the current fiscal year.

ESSA Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date was Friday, June 14th. ESSA Bancorp’s payout ratio is 32.43%.

About ESSA Bancorp

(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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Institutional Ownership by Quarter for ESSA Bancorp (NASDAQ:ESSA)

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