Signature Estate & Investment Advisors LLC Has $312,000 Stock Position in ESSA Bancorp, Inc. (NASDAQ:ESSA)

Signature Estate & Investment Advisors LLC lessened its holdings in shares of ESSA Bancorp, Inc. (NASDAQ:ESSA) by 6.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,012 shares of the financial services provider’s stock after selling 1,070 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in ESSA Bancorp were worth $312,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Barclays PLC increased its holdings in shares of ESSA Bancorp by 184.2% during the 3rd quarter. Barclays PLC now owns 13,723 shares of the financial services provider’s stock worth $264,000 after acquiring an additional 8,895 shares during the last quarter. JPMorgan Chase & Co. boosted its position in ESSA Bancorp by 126.5% during the third quarter. JPMorgan Chase & Co. now owns 14,567 shares of the financial services provider’s stock worth $280,000 after purchasing an additional 8,136 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of ESSA Bancorp by 51.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 22,539 shares of the financial services provider’s stock valued at $433,000 after purchasing an additional 7,696 shares during the last quarter. Geode Capital Management LLC raised its position in shares of ESSA Bancorp by 2.4% in the third quarter. Geode Capital Management LLC now owns 186,094 shares of the financial services provider’s stock valued at $3,577,000 after purchasing an additional 4,431 shares during the period. Finally, Empowered Funds LLC lifted its stake in shares of ESSA Bancorp by 1.9% during the 4th quarter. Empowered Funds LLC now owns 48,508 shares of the financial services provider’s stock worth $946,000 after buying an additional 900 shares during the last quarter. Institutional investors own 54.15% of the company’s stock.

Wall Street Analyst Weigh In

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

ESSA Bancorp Price Performance

Shares of NASDAQ ESSA opened at $18.96 on Thursday. The business’s 50 day moving average is $20.54 and its 200-day moving average is $19.81. The firm has a market cap of $192.54 million, a P/E ratio of 10.90 and a beta of 0.40. ESSA Bancorp, Inc. has a 1-year low of $15.29 and a 1-year high of $22.22. 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 (NASDAQ:ESSA) last posted 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 Dividend Announcement

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

ESSA Bancorp 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.